Airbnb City Guide: The Best Places To Invest in New Orleans, Louisiana

Airbnb Rules and Regulations in New Orleans, Louisiana

New Orleans has strict regulations for short-term rentals to protect residential neighborhoods and ensure a balanced rental market. Hosts must obtain a permit and adhere to occupancy limits, noise restrictions, and safety requirements. Non-commercial short-term rentals (NSTRs) in residential zones are limited to one per square block, with a maximum of three per block possible through a special exemption process requiring neighbor notification and City Council approval.

NSTR permits are awarded via a lottery system, and only natural persons, not corporate entities, can hold permits. Hosts must live on the same property they are renting out, maintain at least $1 million in liability insurance, and promptly resolve any guest complaints. The city has increased enforcement efforts, with fines of up to $1,000 per violation for non-compliance. These regulations aim to strike a balance between allowing short-term rentals and preserving the character and affordability of New Orleans' neighborhoods.

New Orleans Airbnb Market Data:

• Average Revenue – $29.9K per year
• Average Daily Rate – $180.4 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $94.3
• Average Home Prices – $241,369

1. Top Place to Invest in New Orleans, Louisiana - Riverbend

Nestled in the heart of Uptown New Orleans, the charming Riverbend neighborhood offers a unique blend of historic charm, modern amenities, and a thriving local culture. This hidden gem is quickly becoming a top choice for establishing a short-term rental business, especially for those looking to capitalize on the city's booming market.

Riverbend Airbnb Market Data:

• Average Revenue – $23.9K per year
• Average Daily Rate – $149.7 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $80.2

Convenience - 8/10

Riverbend boasts an ideal location, with easy access to major thoroughfares like St. Charles Avenue and Carrollton Avenue. Residents enjoy a walkable lifestyle, with numerous shops, restaurants, and cafes just steps from their front door. The historic St. Charles streetcar line provides a convenient and picturesque way to explore the city.

Tourist Attractions - 7/10

While Riverbend may not have the same concentration of tourist hotspots as the French Quarter, it still offers plenty of attractions for visitors. The area is home to the famous Maple Leaf Bar, a legendary live music venue that has hosted countless jazz and blues greats over the years. The nearby Audubon Park and Zoo provide a welcome respite from the city's hustle and bustle.

Things to Do - 9/10

Riverbend is a haven for foodies, with an eclectic mix of local eateries and upscale dining options. The neighborhood also boasts a thriving arts scene, with galleries, theaters, and music venues scattered throughout. Outdoor enthusiasts will appreciate the proximity to the Mississippi River Trail, perfect for biking, jogging, or a leisurely stroll.

Average Home Prices - 7/10

As of 2024, the median home price in Riverbend is $475,000, according to Zillow data. This represents a modest 3.2% appreciation over the past year. While prices are higher than some other New Orleans neighborhoods, Riverbend's unique charm and strong rental demand make it an attractive option for investors. Condos and townhouses offer a more affordable entry point, with prices starting around $300,000.

Proximity to Work-Related Travel - 8/10

Riverbend's central location makes it an ideal base for business travelers. The neighborhood is just a short drive from the Central Business District, home to numerous corporate offices and the Morial Convention Center. The Mercedes-Benz Superdome and Smoothie King Center are also easily accessible, making Riverbend a convenient choice for sports fans and concert-goers.

X-Factor - 9/10

What sets Riverbend apart is its authentic New Orleans character. The neighborhood has managed to retain its historic charm while embracing modern amenities and a vibrant local culture. Riverbend offers a true taste of the Big Easy, from the colorful shotgun houses to the lively street festivals. This unique atmosphere is highly appealing to short-term rental guests seeking an immersive New Orleans experience.

2. Top Place to Invest in New Orleans, Louisiana - Uptown

Uptown New Orleans, a vibrant and historic neighborhood, has emerged as a prime location for real estate investment. With its unique blend of old-world charm, modern amenities, and a thriving cultural scene, Uptown offers investors an opportunity to capitalize on the city's growing short-term rental market.

Uptown Airbnb Market Data:

• Average Revenue – $34K per year
• Average Daily Rate – $193.4 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $110.5

Convenience - 8/10

Uptown boasts a highly walkable and bikeable environment, with easy access to public transportation via the iconic St. Charles Streetcar line. The neighborhood's central location puts residents within reach of essential services, top-rated schools, and a wide array of shopping and dining options along Magazine Street and Freret Street.

Tourist Attractions - 7/10

While Uptown may not have the same concentration of tourist hotspots as the French Quarter, it still offers plenty of attractions for visitors. The area is home to the renowned Audubon Park and Zoo, the historic Lafayette Cemetery No. 1, and numerous art galleries and museums showcasing the city's rich cultural heritage.

Things to Do - 9/10

Uptown is a haven for foodies, with an eclectic mix of local eateries, upscale restaurants, and international cuisine. The neighborhood also boasts a thriving music and arts scene, with legendary venues like Tipitina's and the Maple Leaf Bar hosting live performances. Outdoor enthusiasts can enjoy biking along the Mississippi River Trail or strolling through the picturesque Garden District.

Average Home Prices - 7/10

As of 2024, Zillow reports a median home value of $488,000, up 2.6% compared to the previous year. While prices are higher than in some other New Orleans neighborhoods, Uptown's unique charm and strong rental demand make it an attractive option for investors.

Proximity to Work-Related Travel - 8/10

Uptown's strategic location provides easy access to major employment centers, hospitals, and event venues. The neighborhood is just a short drive from the Central Business District, the Morial Convention Center, and the Mercedes-Benz Superdome. Tulane University and Loyola University New Orleans are also located in the heart of Uptown, attracting students, faculty, and staff.

X-Factor - 9/10

Its authentic New Orleans character and diverse architectural styles set Uptown apart, ranging from colorful Creole cottages to grand Victorian mansions. The neighborhood has managed to preserve its historic charm while embracing modern amenities and a vibrant local culture. This unique atmosphere is highly appealing to short-term rental guests seeking an immersive New Orleans experience.

3. Top Place to Invest in New Orleans, Louisiana - East Carrollton

East Carrollton, a charming and historic neighborhood in the heart of New Orleans, has emerged as a top choice for real estate investors seeking to capitalize on the city's thriving short-term rental market. With its unique blend of residential tranquility and proximity to popular attractions, East Carrollton offers a compelling investment opportunity.

East Carrollton Airbnb Market Data:

• Average Revenue – $43.6K per year
• Average Daily Rate – $180.6 per night
• Average Occupancy Rate – 62%
• Average RevPAR – $133.5

Convenience - 8/10

East Carrollton boasts a highly walkable and bikeable environment, with easy access to public transportation via the historic St. Charles Streetcar line. The neighborhood's central location puts residents within reach of essential services, top-rated schools, and a diverse array of shopping and dining options along Oak Street and Carrollton Avenue.

Tourist Attractions - 7/10

While East Carrollton may not have the same density of tourist hotspots as the French Quarter, it still offers a range of attractions for visitors. The area is home to the picturesque Palmer Park, which hosts regular events and festivals, as well as the historic Carrollton Cemetery. The nearby Audubon Park and Zoo provide additional recreational opportunities.

Things to Do - 8/10

East Carrollton offers a vibrant local culture, with a mix of cozy cafes, trendy restaurants, and unique boutiques. The neighborhood also boasts a thriving arts scene, with galleries and live music venues showcasing local talent. Outdoor enthusiasts can enjoy biking along the Mississippi River Trail or exploring the lush green spaces of the surrounding area.

Average Home Prices - 8/10

As of 2024, the median home value in East Carrollton is $425,000, according to Zillow data. This represents a modest 2.8% appreciation over the past year. While prices are slightly higher than some other New Orleans neighborhoods, East Carrollton's strong rental demand and potential for long-term appreciation make it an attractive option for investors. Condos and townhouses offer a more affordable entry point, with prices starting around $280,000.

Proximity to Work-Related Travel - 8/10

East Carrollton's strategic location provides convenient access to major employment centers, hospitals, and event venues. The neighborhood is just a short drive from the Central Business District, the Morial Convention Center, and the Mercedes-Benz Superdome. Tulane University and Loyola University New Orleans are also located nearby, attracting students, faculty, and staff.

X-Factor - 9/10

What sets East Carrollton apart is its perfect balance of residential charm and urban convenience. The neighborhood's tree-lined streets and historic architecture create a welcoming atmosphere, while its proximity to popular attractions and transportation hubs makes it an ideal base for exploring the city. This unique combination is highly appealing to short-term rental guests seeking an authentic New Orleans experience without sacrificing comfort or accessibility.

4. Top Place to Invest in New Orleans, Louisiana - Dixon

Dixon, a hidden gem in the heart of New Orleans, is quickly becoming a top choice for savvy real estate investors looking to capitalize on the city's booming short-term rental market. This up-and-coming neighborhood offers a unique blend of affordability, convenience, and local charm, making it an attractive option for investors and visitors alike.

Dixon Airbnb Market Data:

• Average Revenue – $26.3K per year
• Average Daily Rate – $108.4 per night
• Average Occupancy Rate – 71%
• Average RevPAR – $76.6

Convenience - 7/10

Dixon's central location provides easy access to major thoroughfares and public transportation, making it a convenient base for exploring the city. While the neighborhood itself may not have the same walkability as some other areas, it is just a short drive from popular destinations and essential services.

Tourist Attractions - 6/10

As an emerging neighborhood, Dixon may not have the same concentration of tourist hotspots as more established areas like the French Quarter or Garden District. However, its proximity to City Park, one of the largest urban parks in the country, offers visitors a range of recreational activities and cultural attractions, including the New Orleans Museum of Art and the Sydney and Walda Besthoff Sculpture Garden.

Things to Do - 7/10

Dixon's growing local scene includes a mix of casual eateries, neighborhood bars, and unique shops that reflect the area's diverse character. The nearby Lafitte Greenway, a 2.6-mile linear park and bike path, provides a great option for outdoor enthusiasts looking to explore the city on two wheels.

Average Home Prices - 9/10

As of 2024, the median home price in Dixon is $325,000, according to Zillow data. This represents a significant 6.5% appreciation over the past year, indicating strong growth potential for investors. Compared to other New Orleans neighborhoods, the relatively affordable prices make Dixon an attractive option for those looking to enter the short-term rental market without breaking the bank.

Proximity to Work-Related Travel - 7/10

While Dixon may not be as centrally located as some other neighborhoods, it still offers convenient access to major employment centers and event venues. The area is just a short drive from the Central Business District, the Morial Convention Center, and the Mercedes-Benz Superdome, making it a viable option for business travelers and event attendees.

X-Factor - 8/10

What sets Dixon apart is its unique blend of affordability and untapped potential. As more investors and visitors discover this hidden gem, the neighborhood is poised for significant growth and appreciation in the coming years. Dixon's local charm and proximity to City Park also make it an appealing option for short-term rental guests seeking an authentic New Orleans experience without the crowds and high prices of more touristy areas.

5. Top Place to Invest in New Orleans, Louisiana - Irish Channel

The Irish Channel, a historic and vibrant neighborhood in the heart of New Orleans, has emerged as a prime location for real estate investment. With its rich cultural heritage, stunning architecture, and proximity to popular attractions, the Irish Channel offers investors a unique opportunity to capitalize on the city's thriving short-term rental market.

Irish Channel Airbnb Market Data:

• Average Revenue – $37.3K per year
• Average Daily Rate – $181 per night
• Average Occupancy Rate – 62%
• Average RevPAR – $112

Convenience - 8/10

The Irish Channel boasts a highly walkable and bikeable environment, with easy access to public transportation and major thoroughfares. The neighborhood's central location puts residents within reach of essential services, top-rated restaurants, and a wide array of shopping options along Magazine Street, one of the city's most iconic commercial corridors.

Tourist Attractions - 7/10

While the Irish Channel may not have the same concentration of tourist hotspots as the French Quarter, it still offers plenty of attractions for visitors. The neighborhood is home to the historic St. Alphonsus Church, the Irish Channel St. Patrick's Day Club, and numerous art galleries and studios that showcase the city's vibrant creative scene.

Things to Do - 8/10

The Irish Channel is a haven for foodies and culture enthusiasts alike. The neighborhood's eclectic mix of restaurants, bars, and music venues offers something for every taste and budget. Visitors can also enjoy strolling through the picturesque streets lined with colorful shotgun houses and Creole cottages, or exploring the nearby Garden District and Audubon Park.

Average Home Prices - 7/10

According to Zillow data, according to 2024, the median home value in the Irish Channel is $450,000. This represents a modest 3.5% appreciation over the past year, indicating a stable and growing market. While prices are higher than in some other New Orleans neighborhoods, the Irish Channel's unique charm, strong rental demand, and potential for long-term appreciation make it an attractive option for investors.

Proximity to Work-Related Travel - 8/10

The Irish Channel's strategic location provides easy access to major employment centers, hospitals, and event venues. The neighborhood is just a short drive from the Central Business District, the Morial Convention Center, and the Mercedes-Benz Superdome. The nearby Ochsner Baptist Medical Center and Tulane Medical Center also make the Irish Channel convenient for medical professionals and patients.

X-Factor - 9/10

What sets the Irish Channel apart is its rich cultural heritage and strong sense of community. The neighborhood's annual St. Patrick's Day parade and block parties are legendary, drawing visitors from around the world. The Irish Channel's stunning architecture, featuring a mix of historic homes and modern renovations, creates a unique and charming atmosphere that is highly appealing to short-term rental guests seeking an authentic New Orleans experience.

6. Top Place to Invest in New Orleans, Louisiana - Milan

Milan, a hidden gem nestled in the heart of New Orleans, is quickly becoming a top choice for astute real estate investors seeking to capitalize on the city's flourishing short-term rental market and create their own Airbnb business. This charming neighborhood offers a perfect blend of affordability, convenience, and local allure, making it an enticing option for both investors and visitors.

Milan Airbnb Market Data:

• Average Revenue – $31.9K per year
• Average Daily Rate – $183.4 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $98.2

Convenience - 7/10

Milan's central location provides easy access to major roads and public transportation, allowing for a convenient base to explore the city. While the neighborhood itself may not have the same walkability as some other areas, it is just a short drive from popular destinations and essential amenities.

Tourist Attractions - 6/10

As an up-and-coming neighborhood, Milan may not have the same density of tourist attractions as more established areas like the French Quarter or Garden District. However, its proximity to the historic Freret Street commercial corridor, with its eclectic mix of restaurants, bars, and shops, offers visitors a taste of authentic New Orleans culture.

Things to Do - 7/10

Milan's growing local scene includes a variety of casual eateries, cozy cafes, and unique boutiques that reflect the area's diverse character. The nearby Loyola and Tulane universities also offer a range of cultural events and performances that are open to the public.

Average Home Prices - 9/10

As of 2024, the median home price in Milan is $350,000, according to Zillow data. This represents a notable 5.5% appreciation over the past year, indicating strong growth potential for investors. Compared to other New Orleans neighborhoods, the relatively affordable prices make Milan an attractive option for those looking to enter the short-term rental market without overspending.

Proximity to Work-Related Travel - 7/10

While Milan may not be as centrally located as some other neighborhoods, it still offers convenient access to major employment centers and event venues. The area is just a short drive from the Central Business District, the Morial Convention Center, and the Mercedes-Benz Superdome, making it a practical option for business travelers and event attendees.

X-Factor - 8/10

What sets Milan apart is its unique combination of affordability and untapped potential. As more investors and visitors discover this hidden treasure, the neighborhood is poised for significant growth and appreciation in the coming years. Milan's local charm and proximity to universities also make it an appealing option for short-term rental guests seeking an authentic New Orleans experience without the crowds and high prices of more touristy areas.

7. Top Place to Invest in New Orleans, Louisiana - Central City

Central City, a historic and rapidly evolving neighborhood in the heart of New Orleans, has emerged as a prime location for real estate investment. With its rich cultural heritage, stunning architecture, and proximity to popular attractions, Central City offers investors a unique opportunity to capitalize on the city's thriving short-term rental market.

Central City Airbnb Market Data:

• Average Revenue – $30K per year
• Average Daily Rate – $179.6 per night
• Average Occupancy Rate – 52%
• Average RevPAR – $94.6

Convenience - 8/10

Central City boasts a highly accessible location, with easy access to public transportation and major thoroughfares. The neighborhood's proximity to the Central Business District and the French Quarter puts residents within reach of essential services, top-rated restaurants, and a wide array of shopping options.

Tourist Attractions - 7/10

While Central City may not have the same concentration of tourist hotspots as the French Quarter, it still offers plenty of attractions for visitors. The neighborhood is home to the historic Oretha Castle Haley Boulevard, a vibrant commercial corridor featuring unique shops, art galleries, and cultural institutions like the Ashe Cultural Arts Center and the New Orleans Jazz Market.

Things to Do - 8/10

Central City is a haven for food lovers and music enthusiasts. The neighborhood's diverse mix of restaurants, bars, and music venues showcases the best of New Orleans' culinary and artistic scenes. Visitors can also explore the nearby Garden District and Magazine Street, or take a short ride to the iconic Frenchmen Street for a night of live jazz and blues.

Average Home Prices - 8/10

As of 2024, the median home value in Central City is $375,000, according to Zillow data. This represents a significant 6.5% appreciation over the past year, indicating a strong and growing market. While prices are higher than some other emerging neighborhoods, Central City's unique charm, strong rental demand, and potential for long-term appreciation make it an attractive option for investors.

Proximity to Work-Related Travel - 9/10

Central City's strategic location provides unparalleled access to major employment centers, hospitals, and event venues. The neighborhood is just a short walk or ride from the Central Business District, the Morial Convention Center, and the Mercedes-Benz Superdome. The nearby Ochsner Baptist Medical Center and Tulane Medical Center also make Central City convenient for medical professionals and patients. This makes it a prime choice for a corporate rental.

X-Factor - 8/10

What sets Central City apart is its vibrant cultural scene and rapidly evolving landscape. The neighborhood's ongoing revitalization efforts, including the restoration of historic buildings and the development of new businesses and amenities, create a unique and dynamic atmosphere that is highly appealing to short-term rental guests seeking an authentic New Orleans experience. As Central City continues to grow and thrive, investors can expect to see strong returns and long-term appreciation in this promising market.

8. Top Place to Invest in New Orleans, Louisiana - French Quarter

The French Quarter, the crown jewel of New Orleans, is a world-renowned destination that attracts millions of visitors each year. With its rich history, stunning architecture, and vibrant cultural scene, the French Quarter offers investors an unparalleled opportunity to capitalize on the city's booming short-term rental market.

French Quarter Airbnb Market Data:

• Average Revenue – $50.2K per year
• Average Daily Rate – $317.1 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $157.7

Convenience - 9/10

The French Quarter boasts an incredibly walkable and convenient location, with easy access to public transportation, top-rated restaurants, and a wide array of shopping and entertainment options. The neighborhood's compact size and pedestrian-friendly streets make it easy for visitors to explore all that the French Quarter offers without needing a car.

Tourist Attractions - 10/10

The French Quarter is home to some of New Orleans' most iconic landmarks and attractions, including Bourbon Street, Jackson Square, and the historic St. Louis Cathedral. Visitors can also explore the neighborhood's numerous museums, art galleries, and historic homes, or take a leisurely stroll along the Mississippi River.

Things to Do - 10/10

From world-class dining and live music to unique shopping and cultural experiences, the French Quarter offers an unbeatable array of things to do for visitors of all ages and interests. The neighborhood's lively nightlife scene, featuring famous bars and clubs like Pat O'Brien's and Preservation Hall, is a major draw for tourists and locals alike.

Average Home Prices - 6/10

As of 2024, the median home value in the French Quarter is $850,000, according to Zillow data. This represents a modest 2.5% appreciation over the past year, indicating a stable and mature market. While prices are significantly higher than other New Orleans neighborhoods, the French Quarter's unparalleled location, strong rental demand, and potential for high nightly rates make it an attractive option for investors with the means to enter this competitive market.

Proximity to Work-Related Travel - 8/10

The French Quarter's central location provides easy access to major employment centers and event venues. The neighborhood is just a short walk or ride from the Central Business District, the Morial Convention Center, and the Mercedes-Benz Superdome. However, the French Quarter's distance from major hospitals and universities may be a slight drawback for some business travelers.

X-Factor - 10/10

What sets the French Quarter apart is its unrivaled cultural significance and global reputation as the heart and soul of New Orleans. The neighborhood's unique blend of history, music, food, and architecture creates an unforgettable atmosphere that is highly appealing to short-term rental guests seeking an immersive and authentic New Orleans experience. As a result, investors in the French Quarter can expect strong and consistent demand from a diverse range of visitors, ensuring a steady stream of rental income and long-term appreciation potential.

9. Top Place to Invest in New Orleans, Louisiana - City Park

City Park, a vibrant and historic neighborhood in the heart of New Orleans, has emerged as a prime location for real estate investment. With its unique blend of natural beauty, cultural attractions, and proximity to the city's major destinations, City Park offers investors an attractive opportunity to capitalize on the growing short-term rental market.

City Park Airbnb Market Data:

• Average Revenue – $35.1K per year
• Average Daily Rate – $171.4 per night
• Average Occupancy Rate – 68%
• Average RevPAR – $110.9

Convenience - 8/10

Nestled between Mid-City and Lakeview, City Park boasts a highly accessible location with easy access to public transportation and major thoroughfares. The neighborhood's proximity to I-10 and the historic Canal Street streetcar line puts residents within reach of downtown New Orleans, the French Quarter, and other popular areas.

Tourist Attractions - 9/10

City Park is a major draw for visitors, spanning over 1,300 acres and featuring many attractions, including the New Orleans Museum of Art, the New Orleans Botanical Garden, and the Carousel Gardens Amusement Park. The park also hosts numerous festivals and events throughout the year, attracting tourists from around the world.

Things to Do - 9/10

In addition to the park's many attractions, City Park offers diverse activities for residents and visitors alike. From picnicking and biking to golfing and fishing, there's something for everyone. The neighborhood also features a growing number of restaurants, cafes, and bars, providing plenty of options for dining and entertainment.

Average Home Prices - 7/10

As of 2024, the typical home value in City Park is $492,621, according to Zillow data. This represents a 6.2% decrease compared to the previous year, indicating a potential opportunity for investors to enter the market at a more favorable price point. While the recent depreciation may concern some, the neighborhood's strong rental demand and unique appeal are likely to drive long-term appreciation.

Proximity to Work-Related Travel - 8/10

City Park's central location makes it an ideal base for business travelers and professionals. The neighborhood is just a short drive from the Central Business District, the Morial Convention Center, and the Mercedes-Benz Superdome. The nearby University Medical Center and Ochsner Baptist Medical Center also make City Park convenient for medical professionals and patients.

X-Factor - 9/10

What sets City Park apart is its unparalleled combination of natural beauty, historic charm, and modern amenities. The park's sprawling green spaces and ancient live oaks create a serene and picturesque setting that is highly appealing to short-term rental guests seeking a unique New Orleans experience. As the city continues to invest in the park's infrastructure and attractions, City Park is poised for even greater growth and desirability in the coming years.

10. Top Place to Invest in New Orleans, Louisiana - Marigny/Bywater

The vibrant Marigny and Bywater neighborhoods, located just downriver from the French Quarter, have emerged as top choices for savvy real estate investors seeking to capitalize on New Orleans' thriving rental market. With their unique blend of historic charm, artistic flair, and proximity to popular attractions, these neighborhoods offer a compelling opportunity to start a new short-term rental business.

Marigny/Bywater Airbnb Market Data:

• Average Revenue – $35K per year
• Average Daily Rate – $200.5 per night
• Average Occupancy Rate – 55%
• Average RevPAR – $107.6

Convenience - 8/10

The Marigny and Bywater boast a highly walkable and bikeable environment, with easy access to public transportation via the Rampart-St. Claude Streetcar line. The neighborhoods' central location puts residents within reach of essential services, top-rated restaurants, and a wide array of shopping options along the historic St. Claude Avenue and Frenchmen Street corridors.

Tourist Attractions - 8/10

While the Marigny and Bywater may not have the same concentration of tourist hotspots as the French Quarter, they still offer plenty of attractions for visitors. The neighborhoods are home to numerous art galleries, live music venues, and unique cultural experiences like the Music Box Village and the St. Roch Market. The nearby Crescent Park along the Mississippi River provides a scenic spot for picnics and stunning city skyline views.

Things to Do - 9/10

The Marigny and Bywater are a haven for foodies, music lovers, and art enthusiasts. The neighborhoods' eclectic mix of restaurants, bars, and cafes showcases the best of New Orleans' culinary scene, while live music venues like the Spotted Cat and d.b.a. feature world-class jazz, blues, and funk. The St. Claude Arts District is home to numerous galleries, studios, and performance spaces, offering a constantly evolving array of exhibitions and local events.

Average Home Prices - 7/10

As of 2024, the median home price in the Marigny and Bywater is $475,000, according to Zillow data. This represents a modest 3.5% appreciation over the past year, indicating a stable and growing market. While prices are higher than some other New Orleans neighborhoods, the Marigny and Bywater's unique charm, strong rental demand, and potential for long-term appreciation make them an attractive option for investors.

Proximity to Work-Related Travel - 7/10

The Marigny and Bywater's locations provides relatively convenient access to major employment centers and event venues. The neighborhoods are a short drive or streetcar ride from the Central Business District, the Morial Convention Center, and the Mercedes-Benz Superdome. However, the distance may be slightly less convenient compared to more centrally located neighborhoods.

X-Factor - 9/10

What sets the Marigny and Bywater apart is their unique blend of historic charm, artistic energy, and authentic New Orleans character. The neighborhoods' colorful Creole cottages, vibrant street art, and thriving creative scene create a highly appealing atmosphere to short-term rental guests seeking an immersive and off-the-beaten-path experience. As the Marigny and Bywater continue to evolve and attract new investment, their distinctive character and strong sense of community make them poised for long-term success in the short-term rental market.