Bossier Parish Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Bossier Parish LA was $983 in 2019 according to the Census ACS survey.1 Average gross rent in Bossier Parish was $956 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 Bossier Parish median and average rent data will be released in September of 2021.
Data is also available below for Bossier Parish rental vacancy rates, Bossier Parish rent as a percent of median income and the fraction of renters in Bossier Parish.
Real Gross Rent in Bossier Parish 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% |
| Bossier Parish LA Median Gross Rent | $983 | +9.47% | -6.74% |
Bossier Parish LA Real Gross Rent Trends
Median gross rent for Bossier Parish peaked in real terms in 2016 at $1,054 and is now $71 (6.74%) lower. Average gross rent for Bossier Parish peaked in real terms in 2016 at $959 and is now $3 (0.31%) lower.
Real Gross Rent: Bossier Parish LA Median, Bossier Parish LA Average, Louisiana Median, US Median
Real Gross Rent History for Bossier Parish
| Date | US Median |
Louisiana Median |
Bossier Parish LA Median |
Bossier Parish LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $983 | $956 |
| 2018 | $1,077 | $869 | $898 | $927 |
| 2017 | $1,043 | $862 | $1,003 | $944 |
| 2016 | $1,027 | $846 | $1,054 | $959 |
| 2015 | $1,017 | $849 | $965 | $896 |
| 2014 | $986 | $846 | $1,008 | $943 |
| 2013 | $953 | $803 | $938 | $938 |
| 2012 | $940 | $795 | $895 | $840 |
| 2011 | $941 | $807 | $883 | $844 |
| 2010 | $955 | $822 | $845 | $868 |
| 2009 | $960 | $815 | $769 | $749 |
| 2007 | $927 | $765 | $786 | $734 |
| 2005 | $910 | $711 | $724 | $661 |
Bossier Parish Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Bossier Parish Louisiana was 5.64% according to Census ACS data.
Rental Vacancy Rate in Bossier Parish Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| Bossier Parish LA | — | — | — |
Trends in Bossier Parish LA Rental Vacancy Rate
The rental vacancy rate in Bossier Parish peaked in 2016 at 12.36%. Since then it has fallen by 6.72% to 5.64%. Data records for this series originated in 2005.
Rental Vacancy Rate: Bossier Parish LA, Louisiana, US
Historical Rental Vacancy Rate data for Bossier Parish
| Date | US | Louisiana | Bossier Parish LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | — |
| 2018 | 6.15% | 8.71% | — |
| 2017 | 6.18% | 8.74% | 5.64% |
| 2016 | 5.89% | 8.44% | 12.36% |
| 2015 | 5.85% | 8.30% | 8.73% |
| 2014 | 6.32% | 8.36% | 6.01% |
| 2013 | 6.49% | 7.64% | 6.53% |
| 2012 | 6.77% | 8.55% | — |
| 2011 | 7.40% | 8.15% | 8.15% |
| 2010 | 8.17% | 8.98% | — |
| 2009 | 8.43% | 8.19% | — |
| 2007 | 7.87% | 7.18% | 6.48% |
| 2005 | 7.74% | 7.89% | 6.20% |
Rent as a Fraction of Income
Using median household income data for Bossier Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Bossier Parish, median monthly gross rent as a fraction of median household income was 23.61% in 2019 according to the ACS.
Bossier Parish 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% |
| Bossier Parish LA | 23.61% | +4.68% | -1.48% |
Trends in Bossier Parish LA Rent as a Fraction of Income
The fraction of median Bossier Parish household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 25.09%. Since then it has fallen by 1.48% to 23.61%.
Fraction of Income towards Rent: Bossier Parish LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in Bossier Parish Louisiana
| Date | US | Louisiana | Bossier Parish LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 23.61% |
| 2018 | 20.50% | 21.39% | 18.93% |
| 2017 | 20.13% | 21.74% | 23.81% |
| 2016 | 20.43% | 21.48% | 25.09% |
| 2015 | 20.63% | 20.99% | 19.45% |
| 2014 | 20.89% | 21.57% | 22.60% |
| 2013 | 20.78% | 20.73% | 20.64% |
| 2012 | 20.65% | 20.87% | 18.94% |
| 2011 | 20.70% | 21.48% | 19.40% |
| 2010 | 20.50% | 20.78% | 18.46% |
| 2009 | 20.12% | 20.19% | 16.36% |
| 2007 | 18.66% | 19.09% | 16.65% |
| 2005 | 18.89% | 18.59% | 15.48% |
Renter Fraction in Bossier Parish Louisiana
You can calculate the renter fraction in Bossier Parish 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 Bossier Parish as a fraction of total Bossier Parish households. In 2019 33.32% of households were renters according to Census ACS data.
Bossier Parish 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% |
| Bossier Parish LA | 33.32% | -2.25% | -4.07% |
Trends in the Bossier Parish LA Renter Fraction
The Bossier Parish household renter fraction peaked in in 2014 at 39.02% and is now 5.70% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Bossier Parish LA, Louisiana, US
History of Bossier Parish Renter Fraction
| Date | US | Louisiana | Bossier Parish LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 33.32% |
| 2018 | 36.05% | 34.52% | 35.57% |
| 2017 | 36.13% | 34.82% | 38.18% |
| 2016 | 36.88% | 35.74% | 37.39% |
| 2015 | 36.97% | 35.42% | 37.47% |
| 2014 | 36.90% | 35.58% | 39.02% |
| 2013 | 36.50% | 34.03% | 32.82% |
| 2012 | 36.09% | 34.27% | 34.48% |
| 2011 | 35.42% | 33.57% | 34.69% |
| 2010 | 34.65% | 32.45% | 34.34% |
| 2009 | 34.13% | 32.08% | 31.22% |
| 2007 | 32.80% | 32.06% | 33.37% |
| 2005 | 33.10% | 32.19% | 33.35% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Louisiana
- / Bossier Parish
