Ouachita Parish Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Ouachita Parish LA was $747 in 2019 according to the Census ACS survey.1 Average gross rent in Ouachita Parish was $675 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 Ouachita Parish median and average rent data will be released in September of 2021.
Data is also available below for Ouachita Parish rental vacancy rates, Ouachita Parish rent as a percent of median income and the fraction of renters in Ouachita Parish.
Real Gross Rent in Ouachita 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% |
| Ouachita Parish LA Median Gross Rent | $747 | -4.23% | +0.54% |
Ouachita Parish LA Real Gross Rent Trends
Median gross rent for Ouachita Parish peaked in real terms in 2017 at $785 and is now $38 (4.84%) lower. Average gross rent for Ouachita Parish peaked in real terms in 2018 at $783 and is now $108 (13.79%) lower.
Real Gross Rent: Ouachita Parish LA Median, Ouachita Parish LA Average, Louisiana Median, US Median
Real Gross Rent History for Ouachita Parish
| Date | US Median |
Louisiana Median |
Ouachita Parish LA Median |
Ouachita Parish LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $747 | $675 |
| 2018 | $1,077 | $869 | $780 | $783 |
| 2017 | $1,043 | $862 | $785 | $748 |
| 2016 | $1,027 | $846 | $743 | $658 |
| 2015 | $1,017 | $849 | $748 | $673 |
| 2014 | $986 | $846 | $740 | $655 |
| 2013 | $953 | $803 | $721 | $687 |
| 2012 | $940 | $795 | $664 | $627 |
| 2011 | $941 | $807 | $699 | $677 |
| 2010 | $955 | $822 | $743 | $713 |
| 2009 | $960 | $815 | $662 | $646 |
| 2007 | $927 | $765 | $657 | $618 |
| 2005 | $910 | $711 | $684 | $620 |
Ouachita 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 Ouachita Parish Louisiana was 11.95% according to Census ACS data.
Rental Vacancy Rate in Ouachita Parish Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| Ouachita Parish LA | — | — | — |
Trends in Ouachita Parish LA Rental Vacancy Rate
The rental vacancy rate in Ouachita Parish peaked in 2007 at 13.95%. Since then it has fallen by 2.00% to 11.95%. Data records for this series originated in 2005. From a 2014 post peak low of 4.07%, the rental vacancy rate has increased by 7.88%.
Rental Vacancy Rate: Ouachita Parish LA, Louisiana, US
Historical Rental Vacancy Rate data for Ouachita Parish
| Date | US | Louisiana | Ouachita Parish LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | — |
| 2018 | 6.15% | 8.71% | 11.95% |
| 2017 | 6.18% | 8.74% | 10.81% |
| 2016 | 5.89% | 8.44% | 11.89% |
| 2015 | 5.85% | 8.30% | 8.71% |
| 2014 | 6.32% | 8.36% | 4.07% |
| 2013 | 6.49% | 7.64% | 9.75% |
| 2012 | 6.77% | 8.55% | 8.87% |
| 2011 | 7.40% | 8.15% | 7.70% |
| 2010 | 8.17% | 8.98% | 9.75% |
| 2009 | 8.43% | 8.19% | 5.98% |
| 2007 | 7.87% | 7.18% | 13.95% |
| 2005 | 7.74% | 7.89% | — |
Rent as a Fraction of Income
Using median household income data for Ouachita Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ouachita Parish, median monthly gross rent as a fraction of median household income was 21.79% in 2019 according to the ACS.
Ouachita 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% |
| Ouachita Parish LA | 21.79% | +0.93% | -1.07% |
Trends in Ouachita Parish LA Rent as a Fraction of Income
The fraction of median Ouachita Parish household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 23.05%. Since then it has fallen by 1.26% to 21.79%.
Fraction of Income towards Rent: Ouachita Parish LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in Ouachita Parish Louisiana
| Date | US | Louisiana | Ouachita Parish LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 21.79% |
| 2018 | 20.50% | 21.39% | 20.86% |
| 2017 | 20.13% | 21.74% | 22.74% |
| 2016 | 20.43% | 21.48% | 22.86% |
| 2015 | 20.63% | 20.99% | 23.05% |
| 2014 | 20.89% | 21.57% | 20.45% |
| 2013 | 20.78% | 20.73% | 20.31% |
| 2012 | 20.65% | 20.87% | 20.61% |
| 2011 | 20.70% | 21.48% | 22.56% |
| 2010 | 20.50% | 20.78% | 21.31% |
| 2009 | 20.12% | 20.19% | 18.14% |
| 2007 | 18.66% | 19.09% | 18.13% |
| 2005 | 18.89% | 18.59% | 18.84% |
Renter Fraction in Ouachita Parish Louisiana
You can calculate the renter fraction in Ouachita 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 Ouachita Parish as a fraction of total Ouachita Parish households. In 2019 42.58% of households were renters according to Census ACS data.
Ouachita 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% |
| Ouachita Parish LA | 42.58% | +0.90% | -0.56% |
Trends in the Ouachita Parish LA Renter Fraction
The Ouachita Parish household renter fraction peaked in in 2011 at 43.14% and is now 0.56% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Ouachita Parish LA, Louisiana, US
History of Ouachita Parish Renter Fraction
| Date | US | Louisiana | Ouachita Parish LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 42.58% |
| 2018 | 36.05% | 34.52% | 41.68% |
| 2017 | 36.13% | 34.82% | 40.65% |
| 2016 | 36.88% | 35.74% | 43.14% |
| 2015 | 36.97% | 35.42% | 40.62% |
| 2014 | 36.90% | 35.58% | 39.56% |
| 2013 | 36.50% | 34.03% | 39.56% |
| 2012 | 36.09% | 34.27% | 39.71% |
| 2011 | 35.42% | 33.57% | 43.14% |
| 2010 | 34.65% | 32.45% | 39.16% |
| 2009 | 34.13% | 32.08% | 39.38% |
| 2007 | 32.80% | 32.06% | 35.43% |
| 2005 | 33.10% | 32.19% | 38.26% |
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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