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Shreveport vs New Orleans for Rental Property Investing

Side-by-side comparison of Shreveport, LA and New Orleans, LA — cap rates, rent, prices, and investment metrics.

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Shreveport wins 4–3 across key metrics
Shreveport leads on cash flow (5.44% vs 4.51% cap rate) · New Orleans leads on population growth
Metric
Shreveport, LA
New Orleans, LA
Est. Cap Rate
5.44%
4.51%
Median Home Price
$155,000
$265,000
Median Monthly Rent
$950
$1,380
1% Rule
0.61%
0.52%
GRM
13.6x
16.0x
Price / Income
4.0x
5.9x
Property Tax Rate
0.54%
0.55%
Vacancy Rate
7.8%
6.2%
Population Growth
-0.3% / yr
0.4% / yr
Annual Appreciation
1.5%
2.6%
Population
187,112
376,971
Median Income
$38,400
$45,200

Shreveport vs New Orleans: Which Is Better for Investors?

Cash flow: Shreveport has the edge with an estimated cap rate of 5.44% compared to New Orleans's 4.51%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $155,000 in Shreveport vs $265,000 in New Orleans, while rents come in at $950/mo and $1,380/mo respectively.

Growth & appreciation: New Orleans is growing faster at 0.4% annually, while Shreveport is losing population. New Orleans leads on home value appreciation at 2.6% per year.

Costs & risk: Property taxes are 0.54% in Shreveport vs 0.55% in New Orleans. Vacancy rates of 7.8% and 6.2% are mixed — New Orleans has the tighter rental market.

Bottom line: Shreveport edges out New Orleans on most key metrics. With a 5.44% cap rate, it offers solid cash flow potential. Use our free calculators to model specific deals in Shreveport or New Orleans.

Shreveport, LA
5.44% cap rate · $155,000 median · $950/mo
Full analysis →
New Orleans, LA
4.51% cap rate · $265,000 median · $1,380/mo
Full analysis →
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