Investing in Louisiana
With a relatively low cost of living, a diverse economy, and a rich cultural backbone, Louisiana can be a good place to invest in rental properties. The Nophin team crunched the numbers and found the five best places to invest in Louisiana rental properties.
Statewide vacancy rates
Baton Rouge, LA
Baton Rouge is the Louisiana state capital and a major educational hub as it's home to Louisiana State University.
- Population: 227,470
- Median household income: $44,177
- Median 1-bedroom monthly rent: $890
- Median listing home price: $270,000
New Orleans, LA
New Orleans is known for its vibrant culture and food. It hosts the Mardi Gras festival each year.
- Population: 383,997
- Median household income: $43,258
- Median 1-bedroom monthly rent: $1,545
- Median listing home price: $381,500
Shreveport is one of the largest industrial centers in Louisiana and produces large amounts of cotton, petroleum, and lumber.
- Population: 187,593
- Median household income: $40,809
- Median 1-bedroom monthly rent: $740
- Median listing home price: $194,500
Lafayette, home to a large French population, is considered one of the best places to experience French culture in US.
- Population: 121,374
- Median household income: $54,139
- Median 1-bedroom monthly rent: $1,179
- Median listing home price: $258,100
Lake Charles, LA
Lake Charles sits in Southwest Louisiana and is well known for its gambling and manufacturing industries.
- Population: 84,872
- Median household income: $44,785
- Median 1-bedroom monthly rent: $800
- Median listing home price: $249,900
Nophin is landlord banking and software for rental properties
With FDIC-insured bank accounts and cards that seamlessly integrate with easy-to-use software, Nophin helps landlords increase returns and automate rental property finances. Check out what we offer on the Nophin homepage!
To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.