Best places to buy rental properties in Louisiana

January 25, 2022
● Written by
Teddy

Louisiana

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

LA Rental Vacancy Rate via Federal Reserve Bank of St. Louis

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, LA

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, LA

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

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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!

Methodology

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.

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Please note: Nothing above should be construed as legal, investment, tax, nor financial advice. This content is for informational purposes only. Consult a lawyer and/or an accountant if the above is right for your personal situation.

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