Department of Numbers

Alexandria Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Alexandria, LA (the Alexandria metro area) was $731 in 2015 according to the Census ACS survey.1 Average gross rent in Alexandria was $635 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Alexandria median and average rent data will be released in September of 2017.

Data is also available below for Alexandria rental vacancy rates, Alexandria rent as a percent of median income and the fraction of renters in Alexandria.

Show dollars as: Nominal Real

Real Gross Rent in Alexandria Louisiana (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Louisiana Median Gross Rent $800 +0.38% +6.81%
Alexandria, LA Median Gross Rent $731 -3.05% +9.27%

Alexandria, LA Real Gross Rent Trends

Median gross rent for Alexandria peaked in real terms in 2008 at $784 and is now $53 (6.76%) lower. From a recent low of 639.0 in 2011, real median gross rent has now increased by $92 (14.40%). Average gross rent for Alexandria peaked in real terms in 2008 at $726 and is now $91 (12.53%) lower. From a recent low of 574.0 in 2011, real average gross rent has now increased by $61 (10.63%).

Real Gross Rent in Alexandria: Alexandria LA Median, Alexandria LA Average, Louisiana Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Alexandria

Date US
Median
Louisiana
Median
Alexandria, LA
Median
Alexandria, LA
Average
2015 $959 $800 $731 $635
2014 $930 $797 $754 $681
2013 $898 $757 $727 $697
2012 $886 $749 $669 $628
2011 $887 $761 $639 $574
2010 $901 $775 $696 $672
2009 $905 $768 $718 $644
2008 $920 $779 $784 $726
2007 $874 $721 $697 $604
2006 $883 $715 $736 $664
2005 $858 $671 $666 $686

Alexandria Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Alexandria Louisiana was 5.77% according to Census ACS data.

Rental Vacancy Rate in Alexandria Louisiana

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Louisiana 8.30% -0.06% -0.25%
Alexandria, LA 5.77% -5.82% -1.85%

Trends in Alexandria, LA Rental Vacancy Rate

The rental vacancy rate in Alexandria peaked in 2005 at 12.10%. Since then it has fallen by 6.33% to 5.77%. Data records for this series originated in 2005. From a 2010 post peak low of 3.13%, the rental vacancy rate has increased by 2.64%.

Rental Vacancy Rate: Alexandria LA, Louisiana, US

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for Alexandria

Date US Louisiana Alexandria, LA
2015 5.85% 8.30% 5.77%
2014 6.32% 8.36% 11.59%
2013 6.49% 7.64% 6.71%
2012 6.77% 8.55% 7.62%
2011 7.40% 8.15% 3.41%
2010 8.17% 8.98% 3.13%
2009 8.43% 8.19% 5.54%
2008 7.86% 8.20% 11.70%
2007 7.87% 7.18% 6.98%
2006 7.70% 6.36% 11.32%
2005 7.74% 7.89% 12.10%

Rent as a Fraction of Income

Using median household income data for Alexandria, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Alexandria, median monthly gross rent as a fraction of median household income was 20.51% in 2015 according to the ACS.

Alexandria Louisiana Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Louisiana 20.99% -0.58% +0.12%
Alexandria, LA 20.51% -2.12% +0.93%

Trends in Alexandria, LA Rent as a Fraction of Income

The fraction of median Alexandria household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.62%. Since then it has fallen by 2.12% to 20.51%.

Fraction of Income towards Rent: Alexandria LA, Louisiana, US

Percent of median household income going towards median monthly gross rent in Alexandria Louisiana

Historical Data for Annual Rent as a Fraction of Income in Alexandria Louisiana

Date US Louisiana Alexandria, LA
2015 20.63% 20.99% 20.51%
2014 20.89% 21.57% 22.62%
2013 20.78% 20.73% 21.98%
2012 20.65% 20.87% 19.57%
2011 20.70% 21.48% 21.11%
2010 20.50% 20.78% 19.82%
2009 20.12% 20.19% 20.28%
2008 19.00% 19.15% 19.78%
2007 18.66% 19.09% 20.30%
2006 18.90% 18.85% 21.83%
2005 18.89% 18.59% 19.60%

Renter Fraction in Alexandria Louisiana

You can calculate the renter fraction in Alexandria 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 Alexandria as a fraction of total Alexandria households. In 2015 42.60% of households were renters according to Census ACS data.

Alexandria Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Louisiana 35.42% -0.16% +1.15%
Alexandria, LA 42.60% +6.08% +8.96%

Trends in the Alexandria, LA Renter Fraction

At 42.60%, the 2015 household based renter fraction in Alexandria was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Alexandria LA, Louisiana, US

Fraction of renters in Alexandria

History of Alexandria Renter Fraction

Date US Louisiana Alexandria, LA
2015 36.97% 35.42% 42.60%
2014 36.90% 35.58% 36.52%
2013 36.50% 34.03% 34.63%
2012 36.09% 34.27% 33.64%
2011 35.42% 33.57% 31.80%
2010 34.65% 32.45% 32.84%
2009 34.13% 32.08% 31.61%
2008 33.36% 31.46% 30.34%
2007 32.80% 32.06% 32.73%
2006 32.73% 31.52% 32.22%
2005 33.10% 32.19% 30.03%

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.