New Orleans, LANEWO-LA-MARIGNY-BYWATER

Marigny / Bywater

Strong Buy
Strategy · AppreciationRemote fit · Medium-HighConfidence · Developing
Entry price$350K-600K
Typical rent$2,000-2,900
Gross yield4-6%
The case

Artsy, colorful neighborhoods near the river with strong appreciation, walkability, and creative-professional demand, blending long-term rental strength with limited, capped short-term-rental upside.

Risks

STR is density-capped here (no more than 25% of a block), so verify eligibility; older stock needs renovation, and insurance and flood costs apply. Underwrite carefully.

Best for

Appreciation and value-add investors who want an ascendant, walkable arts district and will verify STR limits.

Buy-box fit

3 entries

asset type

SFR
Strong

Preferred buy box

STR capped at ~25% density here; buy elevated historic SFR and confirm the STR permit lottery odds.

Small Multifamily
Conditional

rental strategy

STR-Friendly
Conditional