Airbnb & VRBO Performance in Lafayette Louisiana.

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Lafayette, Louisiana: Airbnb & VRBO Vacation Rental Market Overview

Despite strict regulations, Lafayette, Louisiana's short-term rental market remains viable, with operators adapting to new licensing requirements and tax regulations to continue supporting the city's vibrant tourism industry.

Market overview

Thriving Despite Regulations: Lafayette's Short-Term Rental Scene

Despite the implementation of strict regulations, Lafayette's short-term rental market continues to show resilience and adaptability. As of October 2023, short-term rentals are prohibited in single-family residential zones, which comprise 75% of the city's neighborhoods. However, in permissible zones, hosts are finding ways to comply with the new rules, including obtaining necessary permits and paying required taxes.

While specific data on occupancy rates and average daily rates for Lafayette's short-term rentals is not readily available, the city's strong tourism demand, particularly during festival seasons, suggests that compliant rentals are still attracting a significant number of visitors. The enforcement of regulations has led to a more organized and tax-compliant market, which in turn supports local infrastructure and services. This balance between neighborhood livability and tourism demand is a testament to the city's efforts to maintain its vibrant cultural and economic landscape.

Short Term Regulations

Short-Term Rental Regulations in Lafayette, Louisiana for 2024

Licensing and Permits

  • All short-term rentals must obtain a permit to operate, with a deadline to apply by April 1, 2024. The permit fee is $100 and must be renewed annually.

Zoning Restrictions

  • Short-term rentals are banned in single-family residential neighborhoods (RS-1 zones) effective October 6, 2024. There are no exceptions or grandfathering for existing STRs in these areas.

Operational Requirements

  • Owners/operators must be available 24/7 and respond to concerns within 1 hour, or 30 minutes between 11 PM and 7 AM.

Room and Occupancy Limits

  • Maximum of 4 rooms per STR, with a limit of 2 people per room. Single rooms may be rented, but only one at a time.

Booking Minimums

  • STRs cannot be rented for less than one full night.

Parties and Events

  • Prohibition on paid events and private parties in Residential-Mixed (RM) zoning districts.

Neighbor Notification

  • Operators must notify their immediate neighbors of their intent to run an STR on their property.

Life Safety Inspections

  • A basic life safety inspection is required when obtaining a license, ensuring the presence of smoke detectors, carbon monoxide detectors, fire extinguishers, etc..

Advertising and Signage

  • City of Lafayette license number must be included in all advertisements. STRs may display one non-illuminated wall or window sign up to 1 ½ square feet.

Parking

  • Guest parking must be on-site, with a maximum of two vehicles allowed off-site if there is no on-site parking available.

Simultaneous Rentals

  • Short-term rentals cannot include simultaneous rental to more than one party under separate contracts.

Primary Residence Requirement

  • The property being offered as a short-term rental must be the operator’s primary residence, although the operator does not need to be physically present at the property while it is being rented.

Sales and Use Tax License

  • Each short-term rental must also obtain a Sales and Use Tax license, valid for a period of two years.
Neighborhood Performance

Top Neighborhoods Generating Airbnb Revenue in Lafayette, Louisiana

1. Downtown Lafayette

  • Appeal: Downtown Lafayette is highly appealing due to its central location, walking distance to restaurants, shops, art, and live music venues. Properties like the "Freetown Flat" and "Stella’s Downtown King Bed Festival Parade Dome UL" are favorites among guests for their proximity to local attractions and modern amenities.

2. The Saints Streets (Historic Neighborhood)

  • Appeal: This historic neighborhood is popular for its beautifully decorated townhomes and homes, such as the "Charming 2BR Townhouse in Historic Neighborhood" and "Dan’s Tiny Home Near Downtown/UL/Cajundome". Guests appreciate the convenient location near the University of Louisiana at Lafayette, Cajundome, and other cultural venues.

3. River Ranch

  • Appeal: River Ranch is attractive due to its upscale living and amenities. Properties like the "Luxe Cajun Home In Bayou Country, Near River Ranch" offer spacious accommodations, fully equipped kitchens, and private patios, making them ideal for families and groups.

4. Carencro

  • Appeal: Carencro, just 10 minutes from Downtown Lafayette, is popular for long-term stays. The "Cajun Cottage #1" is a favorite for its recent remodeling, new appliances, and extensive list of local recommendations for food, fun, and sights.

5. Youngsville

  • Appeal: Youngsville is appealing for its modern vacation homes and townhouses, such as the "Townhouse near Sports Complex" and "Luxury Sport Complex Townhome". These properties offer easy access to sports facilities, clean and modern amenities, and a safe environment.

6. Broussard

  • Appeal: Broussard, though slightly further from Downtown Lafayette, is attractive for its unique studios and homes like the "Unique Cajun Studio, free parking, & pets welcome". Guests appreciate the large yards, free parking, and pet-friendly environment.

These neighborhoods are highly sought after due to their combination of central locations, modern amenities, and the unique cultural experiences that Lafayette, Louisiana, has to offer.

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Design Tips

Furnishing and Design Tips for an Inviting Airbnb in Lafayette, Louisiana

General Tips

  • Choose Timeless and Durable Furniture: Opt for sturdy, easy-to-clean furniture that can withstand the wear and tear of frequent guests. Consider pieces like sofas with washable covers and beds with storage for extra space.
  • Select a Neutral Color Palette: Use neutral colors for walls and large furniture pieces to create a relaxed and welcoming atmosphere that appeals to a wide range of tastes.

Reflecting Local Culture

  • Incorporate Local Design Elements: Add elements that reflect Lafayette's Cajun heritage and local culture, such as Cajun-inspired artworks, rustic elements, and coastal-themed decor to give your space a unique and authentic feel.
  • Use Local Materials and Themes: Incorporate materials and themes that evoke the charm of Louisiana's historical homes, complemented by modern accents for a contemporary feel.

Functional Spaces

  • Define Each Area's Purpose: Ensure each area of your property has a clear purpose, such as a well-defined reading nook, dining area, or relaxation spot, to enhance the guest’s experience.
  • Opt for Space-Saving Furniture: Use furniture with big functionality, like sofa beds, folding tables, or ottomans with hidden storage compartments, to maximize space and versatility.

Guest Amenities and Comfort

  • Provide Essential Items: Stock up on essential items like toiletries, basic cooking ingredients, and a first aid kit. Also, include amenities such as a hairdryer, basic toiletries, and high-quality, durable towels in neutral colors.
  • Ensure Comfort-Driven Design: Focus on comfort with features like modern kitchens, spacious living areas, and access to recreational features if possible. Use comfy, lightweight chairs and a solid, easy-to-clean bed.

Smart Storage and Lighting

  • Utilize Smart Storage: Use beds with drawers, wall hooks for coats, pegboards in the kitchen, and stackable containers to keep the space tidy and organized. Provide a designated spot for guests' personal items, like a luggage rack.
  • Enhance with Mirrors and Lighting: Use mirrors to make your Airbnb feel bigger and brighter. Avoid office-like lighting fixtures and opt for lighting that creates a warm and inviting atmosphere.

Maintenance and Upkeep

  • Plan Updates Wisely: Update your furniture during the off-season or plan short gaps between bookings to minimize disruption. Ensure your cleaning crew is aware of any new furniture or layout changes.
  • Use High-Quality Linens and Materials: Choose white linens for a hotel-like feel and ease of maintenance. Use heavy-duty materials for rugs and other furnishings to ensure they can withstand wear and tear.

Additional Touches

  • Add Local Touches and Guides: Provide a guidebook with local recommendations and incorporate elements that reflect the local culture to enhance the guest experience.
  • Include Entertainment and Relaxation Options: Leave some games, cards, and informative books to keep guests entertained. Consider adding smart home features like keyless entry and streaming devices for modern conveniences.
Insider Tips

Discovering Lafayette, Louisiana: Local Attractions and Insider Tips

Morning Attractions

Breakfast Spots

  • T-Coon’s Restaurant: A top spot for authentic Creole and Cajun dining. Try their traditional south Louisiana dishes.
  • Scratch Farm Kitchen: A charming downtown spot supporting local farmers, offering fresh and homemade meals.
  • Dwyer’s Café: Known for tasty breakfast items and plate lunches, a local favorite.

Historical and Cultural Sites

  • Vermilionville Living History Museum and Folk Life Park: Explore the culture and history of Acadian, Creole, and Native American communities from 1765 to 1890. Guided tours and historic recreations are available.
  • LARC's Acadian Village: Tour authentic 19th-century Acadian homes, showcasing early Acadian heritage.

Afternoon Attractions

Nature and Wildlife

  • Cypress Island Nature Preserve on Lake Martin: A great spot for nature lovers to see native flora and fauna, including alligators and nesting shorebirds. Explore via walking, canoeing, or kayaking.
  • Zoosiana: Zoo of Acadiana: Meet over 1,000 animals and learn about their conservation in this lush park.

Museums and Science

  • Lafayette Science Museum: Interactive exhibits, a planetarium, and natural history displays make this a must-visit for science enthusiasts. Open Saturdays 10am – 6pm, Sundays 1pm – 6pm.
  • Lafayette Museum (The Alexandre Mouton House): A historic home and garden preserving the history and culture of Lafayette. Open Tuesday – Saturday, 10am – 4pm.

Evening Attractions

Live Music and Entertainment

  • Rock n’ Bowl de Lafayette: A unique experience combining bowling with live music from regional and touring acts.
  • The Blue Moon Saloon: A local treasure featuring eclectic local music and touring acts in a vibrant setting.
  • The Grouse Room: An upscale establishment offering music, dining, and drinks, featuring jazz to rock music.

Food and Festivals

  • Cajun Food Tours: Explore local history and culture while tasting the unique cuisine of Cajun Country.
  • Breaux Bridge Crawfish Festival: An annual festival celebrating crawfish, live music, and family-friendly activities (first weekend in May).
  • Festival International de Louisiane: A five-day festival celebrating diverse cultural heritage with international cuisine, live music, and art displays (late April or early May).
  • Festivals Acadiens et Créoles: Celebrates Acadian and Creole cultures with traditional music, food, and activities (mid-October).

Insider Tips

Local Eateries

  • Olde Tyme Grocery: Famous for po’ boys and other Cajun/Creole staples in a rustic atmosphere.
  • Poche’s Market & Restaurant: Daily lunch specials and specialty products to take home.
  • Spoonbill Watering Hole & Restaurant: Fresh Gulf-seafood dishes in a unique setting.

Unique Experiences

  • Swamp Tours: Explore America’s largest swamp, the Atchafalaya Basin, with local guides.
  • Acadian Cultural Center: Learn about the history and culture of the Acadian people.
  • Jungle Gardens on Avery Island: Get in touch with nature and see beautiful gardens and wildlife.

Family-Friendly Activities

  • Kart Ranch: Go-kart racing, miniature golf, and a large arcade for family fun.
  • Children's Museum of Acadiana: Interactive exhibits perfect for kids.

By sharing these attractions and insider tips, your guests will have a comprehensive guide to experiencing the best of Lafayette, Louisiana.

Practical Tips

Practical Tips to Run a Successful Short Term Rental Business in Lafayette, Louisiana

To ensure a smooth and successful short-term rental business in Lafayette, Louisiana, several practical tips can be invaluable. Here are some key considerations:

Noise Regulations and Guest Communication

Inform your guests about quiet hours and noise regulations to avoid any potential issues with neighbors. Include clear guidelines on acceptable noise levels in your digital and physical house manual to set expectations from the outset.

Comprehensive House Manual

Create a detailed digital and physical house manual that includes essential instructions, such as Wi-Fi passwords, appliance usage, and emergency contact information. This manual should also outline the rules and regulations specific to Lafayette, including the new permit requirements and zoning restrictions.

Simplified Check-in Process

Utilize smart locks to streamline the check-in process, eliminating the need for physical key exchanges. Provide guests with clear instructions on how to access the property, and consider sending a welcome message with all the necessary details before their arrival.

Parking Instructions

Ensure that parking instructions are clear and accompanied by photos to avoid any confusion. This is particularly important given the specific requirements and restrictions in Lafayette's zoning districts. By providing visual aids, you can help guests understand where and how to park, reducing the likelihood of issues.

By adhering to these tips, you can enhance the guest experience, maintain compliance with local regulations, and ultimately run a successful and stress-free short-term rental business in Lafayette, Louisiana.

Local Vendors

Here is a brief list of house cleaning providers in Lafayette, Louisiana:

The Maids

  • Offers house cleaning services in Lafayette, Youngsville, Broussard, and Breaux Bridge.
  • Uses a 22-Step Cleaning Process and is the official cleaning partner of Mr. Clean®.
  • Provides recurring cleaning, one-time cleaning, spring and fall cleaning, and move-in/move-out cleaning services.
  • Contact: (337) 839-2000.

Geaux Maids of Lafayette

  • Provides deep cleaning, regular house cleaning, move-in/move-out cleaning, green cleaning, Airbnb cleaning, and post-construction cleaning.
  • Offers a 100% satisfaction guarantee and uses modern cleaning products and tools.
  • Ensures all cleaners are vetted, insured, and extensively trained.
  • Contact: (337) 443-4552.

Various Providers Listed on Care.com and HomeAdvisor

  • Multiple individual cleaners and small cleaning services listed, offering a range of cleaning services.
  • Prices vary, with an average rate of $15/hr on Care.com and an average service cost of $161 on HomeAdvisor.
  • Services include one-time, recurring, and specialized cleaning such as Airbnb and post-construction cleaning.
Management fees

Short-Term Rental Management Fees in Lafayette, Louisiana: A Breakdown

In Lafayette, Louisiana, managing short-term rentals can incur management fees that typically range from 10% to 30% of the rental revenue, depending on the level of service provided. Full-service management companies, which handle comprehensive tasks such as guest communication, marketing, and maintenance, usually charge fees at the higher end of this spectrum, often between 20% to 30% of the rental income.

Basic or a la carte services, which may include only specific aspects like booking management or cleaning, can be less expensive. Additionally, property owners may need to account for extra fees for services such as cleaning, repairs, or property design. Companies like GoSummer and Awning offer varying fee structures based on factors like property size, type, and location, ensuring that property owners can choose a management plan that aligns with their needs and budget.

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Why choose RedAwning

RedAwning is a tech leader in full-service short-term rental management, powered by our exclusive, unmatched tools.
Other property managers
Cost
Starting at 10%
25-40%
Guest communications
5-15 mins / 24 hours a day
1 hour+
Host communications
Dedicated phone and text line with no time on hold
Chat bots, hold lines and email threads
Insurance
Robust liability and dwelling coverage for every reservation
Spotty coverage with low claim approval rates
Contract
No cancellation fees
No contract lock-in
Just 90 days notice to cancel
Cancellation penalties
Number of Channels Your Listing is On
50+
2-4

Experience in numbers

Rest well knowing your property is managed by an experienced team powered by world-class technology.
+10-30%
in gross revenue
4.8 stars
guest rating
14+ years
managing STRs

Short Term Rental Calculator

Find out how much your property in Lafayette should generate as a short term rental and look at the performance of properties around yours.

35,000+ Properties
Hosts stay with RedAwning
1,000,000,00 Nights Booked
RedAwing knows how to get bookings
50+ Top Booking Channels
More than any other platform available

Furnishing checklist

This comprehensive checklist ensures that your rental is guest-ready with all the essentials to create a comfortable and memorable experience in Lafayette.

Living Room
Seating: Sofa, armchairs, and ottomans
Coffee Table
Entertainment: Smart TV (with streaming apps) and remote control
Decor: Area rug, wall art, plants, and throw pillows
Lighting: Floor lamp or table lamps
Charging Stations: Power strips or outlets with USB ports
Bedrooms
Beds: High-quality mattress with mattress protector
Linens: At least two sets of sheets per bed
Pillows: Hypoallergenic pillows (2-4 per bed)
Blankets: Extra throw blankets or quilts
Nightstands: With lamps or charging docks
Closet or Storage: Hangers, dresser, or luggage rack
Blackout Curtains or Shades
Bathrooms
Towels: Bath towels, hand towels, washcloths (2 sets per guest)
Shower Curtain & Liner
Toiletries: Shampoo, conditioner, body wash, hand soap
Bathroom Essentials: Toilet paper, tissues, trash bin
Hairdryer
Mirror: Full-length or wall mirror
Dining Area
Dining Table: Seating for the maximum number of guests
Place Settings: Placemats or tablecloths
Centerpiece: Vase with flowers or decorative piece
Kitchen
Appliances: Refrigerator, microwave, toaster, coffee maker, kettle
Cookware: Pots, pans, baking trays
Utensils: Forks, knives, spoons, spatulas, tongs
Dinnerware: Plates, bowls, glasses, mugs (2 sets per guest)
Cutting Board & Knives
Basic Spices & Condiments: Salt, pepper, oil
Cleaning Supplies: Sponge, dish soap, paper towels, trash bags
Outdoor Space (if applicable)
Seating: Outdoor chairs, benches, or lounges
Table: For outdoor dining or drinks
Lighting: String lights or outdoor lanterns
Grill: With necessary utensils and instructions
Outdoor Trash Bin
Extras to Elevate Guest Experience
Welcome Basket: Snacks, water bottles, or wine
Guidebook: Local recommendations and house rules
Board Games or Books: Entertainment for guests
Umbrella & Flashlight
Iron & Ironing Board
Laundry: Washer, dryer, and detergent (if available)
Unlock your home’s potential
Schedule a call to learn more about Awning’s Short Term Rental Property Management Service.
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⇤ Airbnb Statistics for Louisiana