St. Tammany Parish Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in St. Tammany Parish LA was $1,107 in 2019 according to the Census ACS survey.1 Average gross rent in St. Tammany Parish was $1,059 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. Tammany Parish median and average rent data will be released in September of 2021.
Data is also available below for St. Tammany Parish rental vacancy rates, St. Tammany Parish rent as a percent of median income and the fraction of renters in St. Tammany Parish.
Real Gross Rent in St. Tammany 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. Tammany Parish LA Median Gross Rent | $1,107 | -1.51% | +4.34% |
St. Tammany Parish LA Real Gross Rent Trends
Median gross rent for St. Tammany Parish peaked in real terms in 2008 at $1,163 and is now $56 (4.82%) lower. Average gross rent for St. Tammany Parish peaked in real terms in 2009 at $1,099 and is now $40 (3.64%) lower.
Real Gross Rent: St. Tammany Parish LA Median, St. Tammany Parish LA Average, Louisiana Median, US Median
Real Gross Rent History for St. Tammany Parish
| Date | US Median |
Louisiana Median |
St. Tammany Parish LA Median |
St. Tammany Parish LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $1,107 | $1,059 |
| 2018 | $1,077 | $869 | $1,124 | $1,076 |
| 2017 | $1,043 | $862 | $1,112 | $1,025 |
| 2016 | $1,027 | $846 | $1,061 | $1,001 |
| 2015 | $1,017 | $849 | $1,011 | $994 |
| 2014 | $986 | $846 | $945 | $925 |
| 2013 | $953 | $803 | $1,038 | $980 |
| 2012 | $940 | $795 | $1,100 | $985 |
| 2011 | $941 | $807 | $999 | $1,057 |
| 2010 | $955 | $822 | $1,014 | $1,045 |
| 2009 | $960 | $815 | $1,106 | $1,099 |
| 2007 | $927 | $765 | $1,024 | $852 |
| 2005 | $910 | $711 | $918 | $850 |
St. Tammany Parish 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 St. Tammany Parish Louisiana was 5.54% according to Census ACS data.
Rental Vacancy Rate in St. Tammany Parish Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| St. Tammany Parish LA | 5.54% | -3.03% | -5.40% |
Trends in St. Tammany Parish LA Rental Vacancy Rate
The rental vacancy rate in St. Tammany Parish peaked in 2014 at 11.27%. Since then it has fallen by 5.73% to 5.54%. Data records for this series originated in 2005.
Rental Vacancy Rate: St. Tammany Parish LA, Louisiana, US
Historical Rental Vacancy Rate data for St. Tammany Parish
| Date | US | Louisiana | St. Tammany Parish LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | 5.54% |
| 2018 | 6.15% | 8.71% | 8.57% |
| 2017 | 6.18% | 8.74% | 6.24% |
| 2016 | 5.89% | 8.44% | 10.94% |
| 2015 | 5.85% | 8.30% | 7.53% |
| 2014 | 6.32% | 8.36% | 11.27% |
| 2013 | 6.49% | 7.64% | 10.94% |
| 2012 | 6.77% | 8.55% | 5.88% |
| 2011 | 7.40% | 8.15% | 4.69% |
| 2010 | 8.17% | 8.98% | 8.81% |
| 2009 | 8.43% | 8.19% | 8.20% |
| 2007 | 7.87% | 7.18% | 2.70% |
| 2005 | 7.74% | 7.89% | 2.29% |
Rent as a Fraction of Income
Using median household income data for St. Tammany 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. Tammany Parish, median monthly gross rent as a fraction of median household income was 19.23% in 2019 according to the ACS.
St. Tammany 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. Tammany Parish LA | 19.23% | -1.03% | +0.43% |
Trends in St. Tammany Parish LA Rent as a Fraction of Income
The fraction of median St. Tammany Parish household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.90%. Since then it has fallen by 2.67% to 19.23%.
Fraction of Income towards Rent: St. Tammany Parish LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in St. Tammany Parish Louisiana
| Date | US | Louisiana | St. Tammany Parish LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 19.23% |
| 2018 | 20.50% | 21.39% | 20.26% |
| 2017 | 20.13% | 21.74% | 19.19% |
| 2016 | 20.43% | 21.48% | 18.81% |
| 2015 | 20.63% | 20.99% | 18.10% |
| 2014 | 20.89% | 21.57% | 16.99% |
| 2013 | 20.78% | 20.73% | 19.31% |
| 2012 | 20.65% | 20.87% | 21.90% |
| 2011 | 20.70% | 21.48% | 19.63% |
| 2010 | 20.50% | 20.78% | 18.34% |
| 2009 | 20.12% | 20.19% | 19.79% |
| 2007 | 18.66% | 19.09% | 17.51% |
| 2005 | 18.89% | 18.59% | 16.32% |
Renter Fraction in St. Tammany Parish Louisiana
You can calculate the renter fraction in St. Tammany 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. Tammany Parish as a fraction of total St. Tammany Parish households. In 2019 21.08% of households were renters according to Census ACS data.
St. Tammany 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. Tammany Parish LA | 21.08% | +0.36% | -0.38% |
Trends in the St. Tammany Parish LA Renter Fraction
The St. Tammany Parish household renter fraction peaked in in 2012 at 27.56% and is now 6.48% below that level. The origin year for the series is 2005.
Fraction of Renting Households: St. Tammany Parish LA, Louisiana, US
History of St. Tammany Parish Renter Fraction
| Date | US | Louisiana | St. Tammany Parish LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 21.08% |
| 2018 | 36.05% | 34.52% | 20.72% |
| 2017 | 36.13% | 34.82% | 22.86% |
| 2016 | 36.88% | 35.74% | 21.46% |
| 2015 | 36.97% | 35.42% | 23.43% |
| 2014 | 36.90% | 35.58% | 21.83% |
| 2013 | 36.50% | 34.03% | 22.34% |
| 2012 | 36.09% | 34.27% | 27.56% |
| 2011 | 35.42% | 33.57% | 23.48% |
| 2010 | 34.65% | 32.45% | 21.33% |
| 2009 | 34.13% | 32.08% | 17.86% |
| 2007 | 32.80% | 32.06% | 20.81% |
| 2005 | 33.10% | 32.19% | 18.16% |
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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