St. Landry Parish Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in St. Landry Parish LA was $661 in 2019 according to the Census ACS survey.1 Average gross rent in St. Landry Parish was $592 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 St. Landry Parish median and average rent data will be released in September of 2021.
Data is also available below for St. Landry Parish rental vacancy rates, St. Landry Parish rent as a percent of median income and the fraction of renters in St. Landry Parish.
Real Gross Rent in St. Landry 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% |
| St. Landry Parish LA Median Gross Rent | $661 | +4.59% | +6.96% |
St. Landry Parish LA Real Gross Rent Trends
Median gross rent for St. Landry Parish peaked in real terms in 2015 at $661 and is now $0 (0.00%) lower. At $592, real average gross rent in St. Landry Parish was at its highest level in 2019 since the series began in 2005.
Real Gross Rent: St. Landry Parish LA Median, St. Landry Parish LA Average, Louisiana Median, US Median
Real Gross Rent History for St. Landry Parish
| Date | US Median |
Louisiana Median |
St. Landry Parish LA Median |
St. Landry Parish LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $661 | $592 |
| 2018 | $1,077 | $869 | $632 | $539 |
| 2017 | $1,043 | $862 | $635 | $506 |
| 2016 | $1,027 | $846 | $618 | $469 |
| 2015 | $1,017 | $849 | $661 | $519 |
| 2014 | $986 | $846 | $593 | $538 |
| 2013 | $953 | $803 | $623 | $553 |
| 2012 | $940 | $795 | $634 | $504 |
| 2011 | $941 | $807 | $576 | $505 |
| 2010 | $955 | $822 | $552 | $499 |
| 2009 | $960 | $815 | $569 | $515 |
| 2007 | $927 | $765 | $505 | $410 |
| 2005 | $910 | $711 | $486 | $401 |
St. Landry 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 St. Landry Parish Louisiana was 4.99% according to Census ACS data.
Rental Vacancy Rate in St. Landry Parish Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| St. Landry Parish LA | — | — | — |
Trends in St. Landry Parish LA Rental Vacancy Rate
The rental vacancy rate in St. Landry Parish peaked in 2014 at 16.55%. Since then it has fallen by 11.56% to 4.99%. Data records for this series originated in 2005.
Rental Vacancy Rate: St. Landry Parish LA, Louisiana, US
Historical Rental Vacancy Rate data for St. Landry Parish
| Date | US | Louisiana | St. Landry Parish LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | — |
| 2018 | 6.15% | 8.71% | 4.99% |
| 2017 | 6.18% | 8.74% | 4.03% |
| 2016 | 5.89% | 8.44% | 5.98% |
| 2015 | 5.85% | 8.30% | 10.53% |
| 2014 | 6.32% | 8.36% | 16.55% |
| 2013 | 6.49% | 7.64% | 3.69% |
| 2012 | 6.77% | 8.55% | 11.68% |
| 2011 | 7.40% | 8.15% | 2.33% |
| 2010 | 8.17% | 8.98% | 6.04% |
| 2009 | 8.43% | 8.19% | 5.90% |
| 2007 | 7.87% | 7.18% | 12.97% |
| 2005 | 7.74% | 7.89% | 7.36% |
Rent as a Fraction of Income
Using median household income data for St. Landry Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For St. Landry Parish, median monthly gross rent as a fraction of median household income was 20.51% in 2019 according to the ACS.
St. Landry 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% |
| St. Landry Parish LA | 20.51% | -2.17% | -2.18% |
Trends in St. Landry Parish LA Rent as a Fraction of Income
The fraction of median St. Landry Parish household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 24.68%. Since then it has fallen by 4.18% to 20.51%.
Fraction of Income towards Rent: St. Landry Parish LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in St. Landry Parish Louisiana
| Date | US | Louisiana | St. Landry Parish LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 20.51% |
| 2018 | 20.50% | 21.39% | 22.67% |
| 2017 | 20.13% | 21.74% | 21.45% |
| 2016 | 20.43% | 21.48% | 22.69% |
| 2015 | 20.63% | 20.99% | 24.68% |
| 2014 | 20.89% | 21.57% | 24.30% |
| 2013 | 20.78% | 20.73% | 22.23% |
| 2012 | 20.65% | 20.87% | 20.00% |
| 2011 | 20.70% | 21.48% | 18.63% |
| 2010 | 20.50% | 20.78% | 17.75% |
| 2009 | 20.12% | 20.19% | 17.33% |
| 2007 | 18.66% | 19.09% | 19.64% |
| 2005 | 18.89% | 18.59% | 20.78% |
Renter Fraction in St. Landry Parish Louisiana
You can calculate the renter fraction in St. Landry 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 St. Landry Parish as a fraction of total St. Landry Parish households. In 2019 32.29% of households were renters according to Census ACS data.
St. Landry 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% |
| St. Landry Parish LA | 32.29% | -2.21% | +0.01% |
Trends in the St. Landry Parish LA Renter Fraction
The St. Landry Parish household renter fraction peaked in in 2018 at 34.50% and is now 2.21% below that level. The origin year for the series is 2005.
Fraction of Renting Households: St. Landry Parish LA, Louisiana, US
History of St. Landry Parish Renter Fraction
| Date | US | Louisiana | St. Landry Parish LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 32.29% |
| 2018 | 36.05% | 34.52% | 34.50% |
| 2017 | 36.13% | 34.82% | 28.00% |
| 2016 | 36.88% | 35.74% | 32.28% |
| 2015 | 36.97% | 35.42% | 31.74% |
| 2014 | 36.90% | 35.58% | 27.46% |
| 2013 | 36.50% | 34.03% | 31.46% |
| 2012 | 36.09% | 34.27% | 29.85% |
| 2011 | 35.42% | 33.57% | 31.52% |
| 2010 | 34.65% | 32.45% | 27.71% |
| 2009 | 34.13% | 32.08% | 30.90% |
| 2007 | 32.80% | 32.06% | 28.57% |
| 2005 | 33.10% | 32.19% | 33.52% |
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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