Houma Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Houma, LA (the Houma-Bayou Cane-Thibodaux metro area) was $807 in 2019 according to the Census ACS survey.1 Average gross rent in Houma was $813 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 Houma median and average rent data will be released in September of 2021.
Data is also available below for Houma rental vacancy rates, Houma rent as a percent of median income and the fraction of renters in Houma.
Real Gross Rent in Houma 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% |
| Houma, LA Median Gross Rent | $807 | -2.89% | -2.06% |
Houma, LA Real Gross Rent Trends
Median gross rent for Houma peaked in real terms in 2014 at $886 and is now $79 (8.92%) lower. At $813, real average gross rent in Houma was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Houma: Houma LA Median, Houma LA Average, Louisiana Median, US Median
Real Gross Rent History for Houma
| Date | US Median |
Louisiana Median |
Houma, LA Median |
Houma, LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $807 | $813 |
| 2018 | $1,077 | $869 | $831 | $669 |
| 2017 | $1,043 | $862 | $814 | $692 |
| 2016 | $1,027 | $846 | $824 | $757 |
| 2015 | $1,017 | $849 | $768 | $723 |
| 2014 | $986 | $846 | $886 | $791 |
| 2013 | $953 | $803 | $809 | $726 |
| 2012 | $940 | $795 | $827 | $716 |
| 2011 | $941 | $807 | $783 | $679 |
| 2010 | $955 | $822 | $765 | $705 |
| 2009 | $960 | $815 | $735 | $598 |
| 2007 | $927 | $765 | $724 | $663 |
| 2005 | $910 | $711 | $685 | $599 |
Houma 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 Houma Louisiana was 6.04% according to Census ACS data.
Rental Vacancy Rate in Houma Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| Houma, LA | 6.04% | -1.69% | +1.19% |
Trends in Houma, LA Rental Vacancy Rate
The rental vacancy rate in Houma peaked in 2012 at 8.72%. Since then it has fallen by 2.68% to 6.04%. Data records for this series originated in 2005.
Rental Vacancy Rate: Houma LA, Louisiana, US
Historical Rental Vacancy Rate data for Houma
| Date | US | Louisiana | Houma, LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | 6.04% |
| 2018 | 6.15% | 8.71% | 7.73% |
| 2017 | 6.18% | 8.74% | 6.10% |
| 2016 | 5.89% | 8.44% | 4.85% |
| 2015 | 5.85% | 8.30% | 5.75% |
| 2014 | 6.32% | 8.36% | 6.40% |
| 2013 | 6.49% | 7.64% | 5.08% |
| 2012 | 6.77% | 8.55% | 8.72% |
| 2011 | 7.40% | 8.15% | 2.39% |
| 2010 | 8.17% | 8.98% | 4.16% |
| 2009 | 8.43% | 8.19% | 4.77% |
| 2007 | 7.87% | 7.18% | 2.92% |
| 2005 | 7.74% | 7.89% | 6.97% |
Rent as a Fraction of Income
Using median household income data for Houma, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Houma, median monthly gross rent as a fraction of median household income was 19.42% in 2019 according to the ACS.
Houma 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% |
| Houma, LA | 19.42% | +0.38% | +0.50% |
Trends in Houma, LA Rent as a Fraction of Income
The fraction of median Houma household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.32%. Since then it has fallen by 2.90% to 19.42%.
Fraction of Income towards Rent: Houma LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in Houma Louisiana
| Date | US | Louisiana | Houma, LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 19.42% |
| 2018 | 20.50% | 21.39% | 19.04% |
| 2017 | 20.13% | 21.74% | 20.12% |
| 2016 | 20.43% | 21.48% | 18.91% |
| 2015 | 20.63% | 20.99% | 18.06% |
| 2014 | 20.89% | 21.57% | 22.32% |
| 2013 | 20.78% | 20.73% | 17.04% |
| 2012 | 20.65% | 20.87% | 19.08% |
| 2011 | 20.70% | 21.48% | 19.34% |
| 2010 | 20.50% | 20.78% | 17.06% |
| 2009 | 20.12% | 20.19% | 16.21% |
| 2007 | 18.66% | 19.09% | 17.61% |
| 2005 | 18.89% | 18.59% | 17.29% |
Renter Fraction in Houma Louisiana
You can calculate the renter fraction in Houma 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 Houma as a fraction of total Houma households. In 2019 28.01% of households were renters according to Census ACS data.
Houma 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% |
| Houma, LA | 28.01% | +2.91% | +0.60% |
Trends in the Houma, LA Renter Fraction
The Houma household renter fraction peaked in in 2014 at 30.69% and is now 2.68% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Houma LA, Louisiana, US
History of Houma Renter Fraction
| Date | US | Louisiana | Houma, LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 28.01% |
| 2018 | 36.05% | 34.52% | 25.10% |
| 2017 | 36.13% | 34.82% | 28.12% |
| 2016 | 36.88% | 35.74% | 27.41% |
| 2015 | 36.97% | 35.42% | 27.63% |
| 2014 | 36.90% | 35.58% | 30.69% |
| 2013 | 36.50% | 34.03% | 22.48% |
| 2012 | 36.09% | 34.27% | 23.63% |
| 2011 | 35.42% | 33.57% | 28.32% |
| 2010 | 34.65% | 32.45% | 24.13% |
| 2009 | 34.13% | 32.08% | 22.54% |
| 2007 | 32.80% | 32.06% | 25.85% |
| 2005 | 33.10% | 32.19% | 25.03% |
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. ↩
