Department of Numbers

Alexandria Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Alexandria, LA (the Alexandria metro area) was $778 in 2017 according to the Census ACS survey.1 Average gross rent in Alexandria was $737 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Alexandria median and average rent data will be released in September of 2019.

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 (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Louisiana Median Gross Rent $836 +1.83% +1.95%
Alexandria, LA Median Gross Rent $778 +5.14% +0.26%

Alexandria, LA Real Gross Rent Trends

Median gross rent for Alexandria peaked in real terms in 2008 at $806 and is now $28 (3.47%) lower. From a recent low of 658.0 in 2011, real median gross rent has now increased by $120 (18.24%). Average gross rent for Alexandria peaked in real terms in 2008 at $747 and is now $10 (1.34%) lower. From a recent low of 591.0 in 2011, real average gross rent has now increased by $146 (24.70%).

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
2017 $1,012 $836 $778 $737
2016 $996 $821 $740 $676
2015 $987 $823 $752 $653
2014 $956 $820 $776 $700
2013 $924 $779 $748 $717
2012 $912 $771 $688 $646
2011 $912 $782 $658 $591
2010 $927 $798 $716 $691
2009 $931 $790 $738 $662
2008 $947 $802 $806 $747
2007 $899 $742 $717 $621
2006 $909 $736 $757 $684

Alexandria Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Alexandria Louisiana was 8.78% according to Census ACS data.

Rental Vacancy Rate in Alexandria Louisiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Louisiana 8.74% +0.30% +0.38%
Alexandria, LA 8.78% +0.63% -2.81%

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 3.32% to 8.78%. Data records for this series originated in 2005. From a 2010 post peak low of 3.13%, the rental vacancy rate has increased by 5.65%.

Rental Vacancy Rate: Alexandria LA, Louisiana, US

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for Alexandria

Date US Louisiana Alexandria, LA
2017 6.18% 8.74% 8.78%
2016 5.89% 8.44% 8.15%
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%

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 23.00% in 2017 according to the ACS.

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

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Louisiana 21.74% +0.26% +0.17%
Alexandria, LA 23.00% +2.24% +0.38%

Trends in Alexandria, LA Rent as a Fraction of Income

Alexandria renters paid 23.00% of median household income towards the median monthly gross rent in 2017. This is the highest fraction of median household income going to rent since the series originated in 2005.

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
2017 20.13% 21.74% 23.00%
2016 20.43% 21.48% 20.76%
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%

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 2017 37.42% of households were renters according to Census ACS data.

Alexandria Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Louisiana 34.82% -0.92% -0.76%
Alexandria, LA 37.42% -1.82% +0.90%

Trends in the Alexandria, LA Renter Fraction

The Alexandria household renter fraction peaked in in 2015 at 42.60% and is now 5.18% below that 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
2017 36.13% 34.82% 37.42%
2016 36.88% 35.74% 39.24%
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%

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.