New Orleans - 70123

As of October of 2024, Homes in 70123 ZIP Code have depreciated by -7.20%, with the median home value standing at $300,467, according to Zillow.

There are currently 6 active short-term rentals in 70123 ZIP Code. The average daily rate for these rentals is $117. This translates to an annual revenue of $7,777 for short-term rentals as of October of 2024.

70123 ZIP Code is an investor-friendly location with short-term rental regulations favorable to those looking to invest in short-term rentals.

As of October of 2024, the average gross yield for short-term rentals in 70123 ZIP Code is 2.60%. However, potential investors should also consider the average property tax, which stands at 0.76% according to SmartAsset.

The median household income in 70123 is $58,231.

As of October of 2024, the occupancy rate for Airbnb rentals in 70123 is 23%, which is lower than the average occupancy rate for the United States.

As of October of 2024 The unemployment rate in 70123 ZIP Code is 4.9%, which is higher than the national average of 4.1%.

The most impactful amenities for short-term rentals in 70123 include a Beach essentials, Boat slip, and Pool.

70123 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 70123 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 70123 ZIP Code are 2-bedroom units, with an average daily rate of $117 and an annual revenue of $9,822.

The average booking lead time for short-term rentals in 70123 ZIP Code is 88 days.