Iberia Parish Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Iberia Parish LA was $803 in 2019 according to the Census ACS survey.1 Average gross rent in Iberia Parish was $692 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 Iberia Parish median and average rent data will be released in September of 2021.
Data is also available below for Iberia Parish rental vacancy rates, Iberia Parish rent as a percent of median income and the fraction of renters in Iberia Parish.
Real Gross Rent in Iberia 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% |
| Iberia Parish LA Median Gross Rent | $803 | +16.55% | -6.30% |
Iberia Parish LA Real Gross Rent Trends
Median gross rent for Iberia Parish peaked in real terms in 2016 at $857 and is now $54 (6.30%) lower. Average gross rent for Iberia Parish peaked in real terms in 2016 at $755 and is now $63 (8.34%) lower.
Real Gross Rent: Iberia Parish LA Median, Iberia Parish LA Average, Louisiana Median, US Median
Real Gross Rent History for Iberia Parish
| Date | US Median |
Louisiana Median |
Iberia Parish LA Median |
Iberia Parish LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $803 | $692 |
| 2018 | $1,077 | $869 | $689 | $675 |
| 2017 | $1,043 | $862 | $721 | $540 |
| 2016 | $1,027 | $846 | $857 | $755 |
| 2015 | $1,017 | $849 | $719 | $638 |
| 2014 | $986 | $846 | $743 | $621 |
| 2013 | $953 | $803 | $656 | $525 |
| 2012 | $940 | $795 | $658 | $637 |
| 2011 | $941 | $807 | $731 | $585 |
| 2010 | $955 | $822 | $716 | $712 |
| 2009 | $960 | $815 | $682 | $602 |
| 2007 | $927 | $765 | $721 | $577 |
| 2005 | $910 | $711 | $629 | $494 |
Iberia Parish Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2012 the rental vacancy rate for Iberia Parish Louisiana was 7.36% according to Census ACS data.
Rental Vacancy Rate in Iberia Parish Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| Iberia Parish LA | — | — | — |
Trends in Iberia Parish LA Rental Vacancy Rate
At 7.36%, Iberia Parish residential rental vacancy rate in 2012 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Iberia Parish LA, Louisiana, US
Historical Rental Vacancy Rate data for Iberia Parish
| Date | US | Louisiana | Iberia Parish LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | — |
| 2018 | 6.15% | 8.71% | — |
| 2017 | 6.18% | 8.74% | — |
| 2016 | 5.89% | 8.44% | — |
| 2015 | 5.85% | 8.30% | — |
| 2014 | 6.32% | 8.36% | — |
| 2013 | 6.49% | 7.64% | — |
| 2012 | 6.77% | 8.55% | 7.36% |
| 2011 | 7.40% | 8.15% | — |
| 2010 | 8.17% | 8.98% | — |
| 2009 | 8.43% | 8.19% | — |
| 2007 | 7.87% | 7.18% | — |
| 2005 | 7.74% | 7.89% | — |
Rent as a Fraction of Income
Using median household income data for Iberia Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Iberia Parish, median monthly gross rent as a fraction of median household income was 18.90% in 2019 according to the ACS.
Iberia 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% |
| Iberia Parish LA | 18.90% | 0.00% | -4.80% |
Trends in Iberia Parish LA Rent as a Fraction of Income
The fraction of median Iberia Parish household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 23.70%. Since then it has fallen by 4.80% to 18.90%.
Fraction of Income towards Rent: Iberia Parish LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in Iberia Parish Louisiana
| Date | US | Louisiana | Iberia Parish LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 18.90% |
| 2018 | 20.50% | 21.39% | 18.90% |
| 2017 | 20.13% | 21.74% | 20.96% |
| 2016 | 20.43% | 21.48% | 23.70% |
| 2015 | 20.63% | 20.99% | 17.55% |
| 2014 | 20.89% | 21.57% | 18.25% |
| 2013 | 20.78% | 20.73% | 18.79% |
| 2012 | 20.65% | 20.87% | 16.93% |
| 2011 | 20.70% | 21.48% | 19.12% |
| 2010 | 20.50% | 20.78% | 18.44% |
| 2009 | 20.12% | 20.19% | 16.61% |
| 2007 | 18.66% | 19.09% | 18.36% |
| 2005 | 18.89% | 18.59% | 17.01% |
Renter Fraction in Iberia Parish Louisiana
You can calculate the renter fraction in Iberia 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 Iberia Parish as a fraction of total Iberia Parish households. In 2019 30.02% of households were renters according to Census ACS data.
Iberia 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% |
| Iberia Parish LA | 30.02% | -4.35% | +1.70% |
Trends in the Iberia Parish LA Renter Fraction
The Iberia Parish household renter fraction peaked in in 2017 at 41.83% and is now 11.81% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Iberia Parish LA, Louisiana, US
History of Iberia Parish Renter Fraction
| Date | US | Louisiana | Iberia Parish LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 30.02% |
| 2018 | 36.05% | 34.52% | 34.37% |
| 2017 | 36.13% | 34.82% | 41.83% |
| 2016 | 36.88% | 35.74% | 28.32% |
| 2015 | 36.97% | 35.42% | 29.69% |
| 2014 | 36.90% | 35.58% | 35.07% |
| 2013 | 36.50% | 34.03% | 29.30% |
| 2012 | 36.09% | 34.27% | 28.70% |
| 2011 | 35.42% | 33.57% | 25.77% |
| 2010 | 34.65% | 32.45% | 29.59% |
| 2009 | 34.13% | 32.08% | 28.50% |
| 2007 | 32.80% | 32.06% | 32.17% |
| 2005 | 33.10% | 32.19% | 29.76% |
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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