New Orleans, Louisiana Short-Term Rental Market Overview
Visitor Profile
Trade-savvy travelers, honeymooners, and cultural explorers seek an authentic taste of New Orleans’ vibrant scene, famed cuisine, historic architecture, and legendary music. Many are drawn to iconic experiences like Jazz Fest, Mardi Gras, or exploring the storied French Quarter. These visitors value immersive cultural encounters, lively entertainment, and historic charm, often searching for destinations that provide both excitement and a sense of history. For excellent local insights and attractions, they can visit the official tourism site of New Orleans, which offers comprehensive guides on top activities, museums, and events.
Top Attractions
New Orleans is renowned for its vibrant culture, historic architecture, and lively atmosphere that captivates visitors from around the world. Among the top attractions are the French Quarter, famous for its lively streets, jazz clubs, and historic buildings such as St. Louis Cathedral. Jackson Square, a hub of activity with street performers and artists, offers a quintessential New Orleans experience. The National WWII Museum provides a compelling historical narrative, while City Park and the Louisiana State Museum at the Cabildo highlight the city’s rich history and natural beauty. These attractions showcase the city’s unique blend of history, culture, and entertainment, making it a must-visit destination.
Beyond its landmarks, New Orleans is celebrated for its world-class cuisine, jazz music, and festivals like Mardi Gras that draw crowds eager to experience its lively spirit. The city’s diverse food scene, from Creole and Cajun dishes to street food markets like St. Roch’s Market, adds to its charm. Music lovers can indulge in live jazz performances at Preservation Hall or enjoy the city’s vibrant nightlife along Bourbon Street. With top museums, historic districts, and a festive atmosphere, New Orleans offers an unforgettable experience that combines history, culture, and entertainment into one dynamic city.
Regulations
New Orleans, Louisiana has established a comprehensive regulatory framework for short-term rentals (STRs) designed to balance local neighborhood character with the benefits of home-sharing and tourism. Hosts can expect requirements related to licensing, zoning, operational standards, and taxation, reflecting the city’s commitment to responsible and safe STR management. The regulations emphasize clear permit processes and rules that protect both residents and visitors, recognizing the impact STRs can have on community dynamics and housing availability.
### Key Regulatory Considerations:
– Licensing and Permits: Hosts must obtain a Short-Term Rental license issued by the City of New Orleans, which typically involves an application, payment of fees, and adherence to city codes. Licenses often require annual renewal and compliance with inspection or safety verification processes.
– Primary Residence Requirements: New Orleans generally requires STR properties to be the host’s primary residence for a certain majority of the year, limiting the number of days non-primary residences can be rented. This is to ensure STRs do not displace long-term housing stock.
– Zoning and Location: STRs are restricted to certain residential zoning districts with specific rules. Some neighborhoods or historic districts may have additional limitations or prohibitions on short-term rentals. It is vital to confirm the zoning classification of the property.
– Occupancy, Health & Safety: Occupancy limits are defined based on property size and local health codes. Mandatory safety features include functioning smoke detectors, carbon monoxide alarms, and fire extinguishers to safeguard guests.
– Tax Obligations: Hosts are responsible for collecting and remitting applicable taxes, including transient occupancy taxes and local sales taxes, following city and state guidelines.
– Operational Standards & Enforcement: The city enforces regulations covering noise control, guest registration, advertising accuracy, and nuisance prevention. Violations can result in fines, suspension, or revocation of the STR license.
For the most current and legally binding information, property owners should consult the City of New Orleans’s Official Short-Term Rental Regulations, which provide detailed guidance, application forms, and contact information for city departments overseeing STR compliance.
New Orleans, Louisiana Market Performance Trends
New Orleans, Louisiana Rental Market Insights
10-Year Market Growth
Booking Activity
- 1-3 Months:63.1% Booked
- 4-6 Months:59.5% Booked
- 7-9 Months:56.7% Booked
- 10-12 Months:9.4% Booked
Cancellation Policies
- Flexible:14.8%
- Moderate:28.1%
- Strict:51.9%
- Super Strict:51.9%
- N/A:2.6%
Minimum Stay
- 1 Day:1,270
- 2 Days:1,442
- 3 Days:777
- 4-6 Days:117
- 7-29 Days:31
- 30+ Days:1,490
