Airbnb Market Analytics & Investment Insights
Annual Revenue
$30,771
Based on 111 full time Airbnb rentals
Average Daily Rate
$186
Gross Yield
As of October of 2024, Homes in 70124 ZIP Code have depreciated by -5.55%, with the median home value standing at $492,443, according to Zillow.
There are currently 111 active short-term rentals in 70124 ZIP Code. The average daily rate for these rentals is $186. This translates to an annual revenue of $30,771 for short-term rentals as of October of 2024.
70124 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.
Average Daily Rate Trend
$186
Occupancy Rate Trend
60%
Let our agents guide you to the best short-term rental investments in New Orleans, LA
As of October of 2024, the average gross yield for short-term rentals in 70124 ZIP Code is 6.27%. However, potential investors should also consider the average property tax, which stands at 0.76% according to SmartAsset.
The median household income in 70124 is $58,231.
As of October of 2024, the occupancy rate for Airbnb rentals in 70124 is 60%, which is higher than the average occupancy rate for the United States.
Discover the leading hosts in New Orleans ranked by guest ratings and active listings. These hosts combine scale with exceptional guest satisfaction, setting the benchmark for success.
New Orleans Luxury leads the market with 118 active listings and maintains an exceptional 5.00 average guest rating.
Hosteeva California Building leads the market with 106 active listings and maintains an exceptional 4.90 average guest rating.
David leads the market with 93 active listings and maintains an exceptional 4.95 average guest rating.
These top performers serve as benchmarks for what drives success in New Orleans's competitive short-term rental scene. Their strategies combine operational efficiency with outstanding guest experiences, making them the gold standard for aspiring hosts and property managers in the area.
10 hosts available
As of October of 2024 The unemployment rate in 70124 ZIP Code is 4.9%, which is higher than the national average of 4.1%.
The most impactful amenities for short-term rentals in 70124 include a Beach essentials, Boat slip, and Pool.
70124 ZIP Code is a popular destination for travelers, with Airbnb demand coming from cities like New York, NY (3.53% of all guests), Houston, TX (3.34% of all guests), and Austin, TX (2.72% of all guests).
The top short-term rental hosts in 70124 ZIP Code include New Orleans Luxury, Hosteeva California Building and David. These hosts have an average rating of 5.00, 4.90 and 4.95 respectively.
The most popular property types in 70124 ZIP Code are 2-bedroom units, with an average daily rate of $186 and an annual revenue of $31,034.
The average booking lead time for short-term rentals in 70124 ZIP Code is 88 days.
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.
6.27%
Occupancy Rate
60%