Alexandria Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Alexandria, LA (the Alexandria metro area) was $841 in 2019 according to the Census ACS survey.1 Average gross rent in Alexandria was $718 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Alexandria median and average rent data will be released in September of 2021.
Data is also available below for Alexandria rental vacancy rates, Alexandria rent as a percent of median income and the fraction of renters in Alexandria.
Real Gross Rent in Alexandria Louisiana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Louisiana Median Gross Rent | $866 | -0.35% | +2.36% |
| Alexandria, LA Median Gross Rent | $841 | +2.81% | +10.22% |
Alexandria, LA Real Gross Rent Trends
At $841, real median gross rent in Alexandria was at its highest level in 2019 since the series began in 2005. Average gross rent for Alexandria peaked in real terms in 2008 at $770 and is now $52 (6.75%) lower. From a recent low of 609.0 in 2011, real average gross rent has now increased by $109 (17.90%).
Real Gross Rent in Alexandria: Alexandria LA Median, Alexandria LA Average, Louisiana Median, US Median
Real Gross Rent History for Alexandria
| Date | US Median |
Louisiana Median |
Alexandria, LA Median |
Alexandria, LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $841 | $718 |
| 2018 | $1,077 | $869 | $818 | $756 |
| 2017 | $1,043 | $862 | $802 | $760 |
| 2016 | $1,027 | $846 | $763 | $697 |
| 2015 | $1,017 | $849 | $775 | $674 |
| 2014 | $986 | $846 | $800 | $722 |
| 2013 | $953 | $803 | $771 | $739 |
| 2012 | $940 | $795 | $710 | $666 |
| 2011 | $941 | $807 | $678 | $609 |
| 2010 | $955 | $822 | $739 | $713 |
| 2009 | $960 | $815 | $761 | $683 |
| 2007 | $927 | $765 | $739 | $640 |
| 2005 | $910 | $711 | $706 | $728 |
Alexandria Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Alexandria Louisiana was 8.22% according to Census ACS data.
Rental Vacancy Rate in Alexandria Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| Alexandria, LA | 8.22% | +0.89% | +0.07% |
Trends in Alexandria, LA Rental Vacancy Rate
The rental vacancy rate in Alexandria peaked in 2005 at 12.10%. Since then it has fallen by 3.88% to 8.22%. Data records for this series originated in 2005. From a 2010 post peak low of 3.13%, the rental vacancy rate has increased by 5.09%.
Rental Vacancy Rate: Alexandria LA, Louisiana, US
Historical Rental Vacancy Rate data for Alexandria
| Date | US | Louisiana | Alexandria, LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | 8.22% |
| 2018 | 6.15% | 8.71% | 7.33% |
| 2017 | 6.18% | 8.74% | 8.78% |
| 2016 | 5.89% | 8.44% | 8.15% |
| 2015 | 5.85% | 8.30% | 5.77% |
| 2014 | 6.32% | 8.36% | 11.59% |
| 2013 | 6.49% | 7.64% | 6.71% |
| 2012 | 6.77% | 8.55% | 7.62% |
| 2011 | 7.40% | 8.15% | 3.41% |
| 2010 | 8.17% | 8.98% | 3.13% |
| 2009 | 8.43% | 8.19% | 5.54% |
| 2007 | 7.87% | 7.18% | 6.98% |
| 2005 | 7.74% | 7.89% | 12.10% |
Rent as a Fraction of Income
Using median household income data for Alexandria, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Alexandria, median monthly gross rent as a fraction of median household income was 19.96% in 2019 according to the ACS.
Alexandria Louisiana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Louisiana | 20.35% | -1.04% | -1.13% |
| Alexandria, LA | 19.96% | -0.37% | -0.80% |
Trends in Alexandria, LA Rent as a Fraction of Income
The fraction of median Alexandria household income required to pay median monthly gross rent peaked in 2017 (relative to the 2005 series origin) at 23.00%. Since then it has fallen by 3.04% to 19.96%.
Fraction of Income towards Rent: Alexandria LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in Alexandria Louisiana
| Date | US | Louisiana | Alexandria, LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 19.96% |
| 2018 | 20.50% | 21.39% | 20.33% |
| 2017 | 20.13% | 21.74% | 23.00% |
| 2016 | 20.43% | 21.48% | 20.76% |
| 2015 | 20.63% | 20.99% | 20.51% |
| 2014 | 20.89% | 21.57% | 22.62% |
| 2013 | 20.78% | 20.73% | 21.98% |
| 2012 | 20.65% | 20.87% | 19.57% |
| 2011 | 20.70% | 21.48% | 21.11% |
| 2010 | 20.50% | 20.78% | 19.82% |
| 2009 | 20.12% | 20.19% | 20.28% |
| 2007 | 18.66% | 19.09% | 20.30% |
| 2005 | 18.89% | 18.59% | 19.60% |
Renter Fraction in Alexandria Louisiana
You can calculate the renter fraction in Alexandria in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Alexandria as a fraction of total Alexandria households. In 2019 33.61% of households were renters according to Census ACS data.
Alexandria Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Louisiana | 33.51% | -1.01% | -2.23% |
| Alexandria, LA | 33.61% | -3.27% | -5.63% |
Trends in the Alexandria, LA Renter Fraction
The Alexandria household renter fraction peaked in in 2015 at 42.60% and is now 8.99% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Alexandria LA, Louisiana, US
History of Alexandria Renter Fraction
| Date | US | Louisiana | Alexandria, LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 33.61% |
| 2018 | 36.05% | 34.52% | 36.88% |
| 2017 | 36.13% | 34.82% | 37.42% |
| 2016 | 36.88% | 35.74% | 39.24% |
| 2015 | 36.97% | 35.42% | 42.60% |
| 2014 | 36.90% | 35.58% | 36.52% |
| 2013 | 36.50% | 34.03% | 34.63% |
| 2012 | 36.09% | 34.27% | 33.64% |
| 2011 | 35.42% | 33.57% | 31.80% |
| 2010 | 34.65% | 32.45% | 32.84% |
| 2009 | 34.13% | 32.08% | 31.61% |
| 2007 | 32.80% | 32.06% | 32.73% |
| 2005 | 33.10% | 32.19% | 30.03% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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