Caddo Parish Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Caddo Parish LA was $810 in 2019 according to the Census ACS survey.1 Average gross rent in Caddo Parish was $780 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 Caddo Parish median and average rent data will be released in September of 2021.
Data is also available below for Caddo Parish rental vacancy rates, Caddo Parish rent as a percent of median income and the fraction of renters in Caddo Parish.
Real Gross Rent in Caddo 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% |
| Caddo Parish LA Median Gross Rent | $810 | -1.22% | +5.19% |
Caddo Parish LA Real Gross Rent Trends
Median gross rent for Caddo Parish peaked in real terms in 2014 at $834 and is now $24 (2.88%) lower. Average gross rent for Caddo Parish peaked in real terms in 2018 at $804 and is now $24 (2.99%) lower.
Real Gross Rent: Caddo Parish LA Median, Caddo Parish LA Average, Louisiana Median, US Median
Real Gross Rent History for Caddo Parish
| Date | US Median |
Louisiana Median |
Caddo Parish LA Median |
Caddo Parish LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $810 | $780 |
| 2018 | $1,077 | $869 | $820 | $804 |
| 2017 | $1,043 | $862 | $764 | $720 |
| 2016 | $1,027 | $846 | $770 | $751 |
| 2015 | $1,017 | $849 | $782 | $783 |
| 2014 | $986 | $846 | $834 | $746 |
| 2013 | $953 | $803 | $739 | $695 |
| 2012 | $940 | $795 | $758 | $772 |
| 2011 | $941 | $807 | $782 | $746 |
| 2010 | $955 | $822 | $753 | $720 |
| 2009 | $960 | $815 | $778 | $767 |
| 2007 | $927 | $765 | $708 | $664 |
| 2005 | $910 | $711 | $680 | $673 |
Caddo Parish 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 Caddo Parish Louisiana was 6.85% according to Census ACS data.
Rental Vacancy Rate in Caddo Parish Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| Caddo Parish LA | 6.85% | -3.65% | -2.15% |
Trends in Caddo Parish LA Rental Vacancy Rate
The rental vacancy rate in Caddo Parish peaked in 2015 at 12.49%. Since then it has fallen by 5.64% to 6.85%. Data records for this series originated in 2005.
Rental Vacancy Rate: Caddo Parish LA, Louisiana, US
Historical Rental Vacancy Rate data for Caddo Parish
| Date | US | Louisiana | Caddo Parish LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | 6.85% |
| 2018 | 6.15% | 8.71% | 10.50% |
| 2017 | 6.18% | 8.74% | 10.24% |
| 2016 | 5.89% | 8.44% | 9.00% |
| 2015 | 5.85% | 8.30% | 12.49% |
| 2014 | 6.32% | 8.36% | 10.22% |
| 2013 | 6.49% | 7.64% | 5.34% |
| 2012 | 6.77% | 8.55% | 8.89% |
| 2011 | 7.40% | 8.15% | 7.49% |
| 2010 | 8.17% | 8.98% | 5.97% |
| 2009 | 8.43% | 8.19% | 5.96% |
| 2007 | 7.87% | 7.18% | 5.88% |
| 2005 | 7.74% | 7.89% | 6.87% |
Rent as a Fraction of Income
Using median household income data for Caddo Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Caddo Parish, median monthly gross rent as a fraction of median household income was 21.35% in 2019 according to the ACS.
Caddo 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% |
| Caddo Parish LA | 21.35% | -3.38% | -2.43% |
Trends in Caddo Parish LA Rent as a Fraction of Income
The fraction of median Caddo Parish household income required to pay median monthly gross rent peaked in 2018 (relative to the 2005 series origin) at 24.72%. Since then it has fallen by 3.38% to 21.35%.
Fraction of Income towards Rent: Caddo Parish LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in Caddo Parish Louisiana
| Date | US | Louisiana | Caddo Parish LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 21.35% |
| 2018 | 20.50% | 21.39% | 24.72% |
| 2017 | 20.13% | 21.74% | 24.59% |
| 2016 | 20.43% | 21.48% | 23.77% |
| 2015 | 20.63% | 20.99% | 21.55% |
| 2014 | 20.89% | 21.57% | 24.11% |
| 2013 | 20.78% | 20.73% | 21.23% |
| 2012 | 20.65% | 20.87% | 20.93% |
| 2011 | 20.70% | 21.48% | 21.47% |
| 2010 | 20.50% | 20.78% | 21.96% |
| 2009 | 20.12% | 20.19% | 21.39% |
| 2007 | 18.66% | 19.09% | 20.83% |
| 2005 | 18.89% | 18.59% | 19.60% |
Renter Fraction in Caddo Parish Louisiana
You can calculate the renter fraction in Caddo 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 Caddo Parish as a fraction of total Caddo Parish households. In 2019 36.58% of households were renters according to Census ACS data.
Caddo 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% |
| Caddo Parish LA | 36.58% | -5.33% | -4.95% |
Trends in the Caddo Parish LA Renter Fraction
The Caddo Parish household renter fraction peaked in in 2017 at 42.95% and is now 6.37% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Caddo Parish LA, Louisiana, US
History of Caddo Parish Renter Fraction
| Date | US | Louisiana | Caddo Parish LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 36.58% |
| 2018 | 36.05% | 34.52% | 41.91% |
| 2017 | 36.13% | 34.82% | 42.95% |
| 2016 | 36.88% | 35.74% | 41.53% |
| 2015 | 36.97% | 35.42% | 41.06% |
| 2014 | 36.90% | 35.58% | 40.24% |
| 2013 | 36.50% | 34.03% | 39.34% |
| 2012 | 36.09% | 34.27% | 40.54% |
| 2011 | 35.42% | 33.57% | 37.22% |
| 2010 | 34.65% | 32.45% | 38.63% |
| 2009 | 34.13% | 32.08% | 38.16% |
| 2007 | 32.80% | 32.06% | 38.37% |
| 2005 | 33.10% | 32.19% | 33.63% |
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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