Lafourche Parish Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Lafourche Parish LA was $812 in 2019 according to the Census ACS survey.1 Average gross rent in Lafourche Parish was $860 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 Lafourche Parish median and average rent data will be released in September of 2021.
Data is also available below for Lafourche Parish rental vacancy rates, Lafourche Parish rent as a percent of median income and the fraction of renters in Lafourche Parish.
Real Gross Rent in Lafourche 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% |
| Lafourche Parish LA Median Gross Rent | $812 | -1.58% | +0.50% |
Lafourche Parish LA Real Gross Rent Trends
Median gross rent for Lafourche Parish peaked in real terms in 2014 at $825 and is now $13 (1.58%) lower. At $860, real average gross rent in Lafourche Parish was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: Lafourche Parish LA Median, Lafourche Parish LA Average, Louisiana Median, US Median
Real Gross Rent History for Lafourche Parish
| Date | US Median |
Louisiana Median |
Lafourche Parish LA Median |
Lafourche Parish LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $812 | $860 |
| 2018 | $1,077 | $869 | $825 | $675 |
| 2017 | $1,043 | $862 | $721 | $677 |
| 2016 | $1,027 | $846 | $808 | $701 |
| 2015 | $1,017 | $849 | $693 | $622 |
| 2014 | $986 | $846 | $825 | $724 |
| 2013 | $953 | $803 | $727 | $614 |
| 2012 | $940 | $795 | $682 | $632 |
| 2011 | $941 | $807 | $732 | $561 |
| 2010 | $955 | $822 | $751 | $700 |
| 2009 | $960 | $815 | $672 | $571 |
| 2007 | $927 | $765 | $629 | $544 |
| 2005 | $910 | $711 | $613 | $579 |
Lafourche Parish Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Lafourche Parish Louisiana was 7.94% according to Census ACS data.
Rental Vacancy Rate in Lafourche Parish Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| Lafourche Parish LA | — | — | — |
Trends in Lafourche Parish LA Rental Vacancy Rate
At 7.94%, Lafourche Parish residential rental vacancy rate in 2018 is at the highest point since 2005, the beginning of our reporting for this series.
Rental Vacancy Rate: Lafourche Parish LA, Louisiana, US
Historical Rental Vacancy Rate data for Lafourche Parish
| Date | US | Louisiana | Lafourche Parish LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | — |
| 2018 | 6.15% | 8.71% | 7.94% |
| 2017 | 6.18% | 8.74% | 4.65% |
| 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% | — |
| 2011 | 7.40% | 8.15% | — |
| 2010 | 8.17% | 8.98% | — |
| 2009 | 8.43% | 8.19% | 4.71% |
| 2007 | 7.87% | 7.18% | — |
| 2005 | 7.74% | 7.89% | — |
Rent as a Fraction of Income
Using median household income data for Lafourche Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lafourche Parish, median monthly gross rent as a fraction of median household income was 18.98% in 2019 according to the ACS.
Lafourche 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% |
| Lafourche Parish LA | 18.98% | -0.35% | +1.09% |
Trends in Lafourche Parish LA Rent as a Fraction of Income
The fraction of median Lafourche Parish household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.40%. Since then it has fallen by 3.42% to 18.98%.
Fraction of Income towards Rent: Lafourche Parish LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in Lafourche Parish Louisiana
| Date | US | Louisiana | Lafourche Parish LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 18.98% |
| 2018 | 20.50% | 21.39% | 19.33% |
| 2017 | 20.13% | 21.74% | 16.04% |
| 2016 | 20.43% | 21.48% | 17.89% |
| 2015 | 20.63% | 20.99% | 14.90% |
| 2014 | 20.89% | 21.57% | 22.40% |
| 2013 | 20.78% | 20.73% | 15.81% |
| 2012 | 20.65% | 20.87% | 15.77% |
| 2011 | 20.70% | 21.48% | 17.42% |
| 2010 | 20.50% | 20.78% | 17.00% |
| 2009 | 20.12% | 20.19% | 14.80% |
| 2007 | 18.66% | 19.09% | 15.88% |
| 2005 | 18.89% | 18.59% | 14.62% |
Renter Fraction in Lafourche Parish Louisiana
You can calculate the renter fraction in Lafourche 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 Lafourche Parish as a fraction of total Lafourche Parish households. In 2019 24.25% of households were renters according to Census ACS data.
Lafourche 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% |
| Lafourche Parish LA | 24.25% | +0.14% | -2.12% |
Trends in the Lafourche Parish LA Renter Fraction
The Lafourche Parish household renter fraction peaked in in 2014 at 27.34% and is now 3.09% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Lafourche Parish LA, Louisiana, US
History of Lafourche Parish Renter Fraction
| Date | US | Louisiana | Lafourche Parish LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 24.25% |
| 2018 | 36.05% | 34.52% | 24.11% |
| 2017 | 36.13% | 34.82% | 25.18% |
| 2016 | 36.88% | 35.74% | 26.37% |
| 2015 | 36.97% | 35.42% | 26.15% |
| 2014 | 36.90% | 35.58% | 27.34% |
| 2013 | 36.50% | 34.03% | 24.98% |
| 2012 | 36.09% | 34.27% | 21.75% |
| 2011 | 35.42% | 33.57% | 23.14% |
| 2010 | 34.65% | 32.45% | 22.27% |
| 2009 | 34.13% | 32.08% | 19.18% |
| 2007 | 32.80% | 32.06% | 24.75% |
| 2005 | 33.10% | 32.19% | 22.47% |
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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