Department of Numbers

Ascension Parish Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Ascension Parish LA was $969 in 2017 according to the Census ACS survey.1 Average gross rent in Ascension Parish was $870 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 Ascension Parish median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Ascension Parish 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%
Ascension Parish LA Median Gross Rent $969 -11.83% +5.90%

Ascension Parish LA Real Gross Rent Trends

Median gross rent for Ascension Parish peaked in real terms in 2016 at $1,099 and is now $130 (11.83%) lower. Average gross rent for Ascension Parish peaked in real terms in 2016 at $1,042 and is now $172 (16.51%) lower.

Real Gross Rent: Ascension Parish LA Median, Ascension Parish LA Average, Louisiana Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Ascension Parish

Date US
Median
Louisiana
Median
Ascension Parish LA
Median
Ascension Parish LA
Average
2017 $1,012 $836 $969 $870
2016 $996 $821 $1,099 $1,042
2015 $987 $823
2014 $956 $820 $915 $969
2013 $924 $779 $841 $796
2012 $912 $771 $799 $781
2011 $912 $782 $896 $895
2010 $927 $798 $904 $908
2009 $931 $790 $878 $875
2008 $947 $802 $876 $674
2007 $899 $742 $738 $559
2006 $909 $736 $715 $611

Historical Rental Vacancy Rate data for Ascension Parish

Date US Louisiana Ascension Parish LA
2017 6.18% 8.74%
2016 5.89% 8.44%
2015 5.85% 8.30%
2014 6.32% 8.36%
2013 6.49% 7.64%
2012 6.77% 8.55%
2011 7.40% 8.15% 13.65%
2010 8.17% 8.98%
2009 8.43% 8.19%
2008 7.86% 8.20%
2007 7.87% 7.18%
2006 7.70% 6.36%

Rent as a Fraction of Income

Using median household income data for Ascension Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Ascension Parish, median monthly gross rent as a fraction of median household income was 16.48% in 2017 according to the ACS.

Ascension Parish 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%
Ascension Parish LA 16.48% -0.48% +0.37%

Trends in Ascension Parish LA Rent as a Fraction of Income

The fraction of median Ascension Parish household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 16.95%. Since then it has fallen by 0.48% to 16.48%.

Fraction of Income towards Rent: Ascension Parish LA, Louisiana, US

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

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

Date US Louisiana Ascension Parish LA
2017 20.13% 21.74% 16.48%
2016 20.43% 21.48% 16.95%
2015 20.63% 20.99% 13.94%
2014 20.89% 21.57% 16.11%
2013 20.78% 20.73% 13.11%
2012 20.65% 20.87% 14.01%
2011 20.70% 21.48% 15.90%
2010 20.50% 20.78% 15.68%
2009 20.12% 20.19% 15.47%
2008 19.00% 19.15% 14.65%
2007 18.66% 19.09% 13.51%
2006 18.90% 18.85% 12.95%

Renter Fraction in Ascension Parish Louisiana

You can calculate the renter fraction in Ascension 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 Ascension Parish as a fraction of total Ascension Parish households. In 2017 23.28% of households were renters according to Census ACS data.

Ascension Parish 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%
Ascension Parish LA 23.28% +4.28% +0.93%

Trends in the Ascension Parish LA Renter Fraction

The Ascension Parish household renter fraction peaked in in 2006 at 23.93% and is now 0.65% below that level. From a recent low of 16.55% in 2015, the household based renter fraction has now grown by 6.73%. The origin year for the series is 2005.

Fraction of Renting Households: Ascension Parish LA, Louisiana, US

Fraction of renters in Ascension Parish

History of Ascension Parish Renter Fraction

Date US Louisiana Ascension Parish LA
2017 36.13% 34.82% 23.28%
2016 36.88% 35.74% 19.00%
2015 36.97% 35.42% 16.55%
2014 36.90% 35.58% 22.35%
2013 36.50% 34.03% 18.07%
2012 36.09% 34.27% 19.93%
2011 35.42% 33.57% 20.02%
2010 34.65% 32.45% 19.58%
2009 34.13% 32.08% 17.05%
2008 33.36% 31.46% 18.27%
2007 32.80% 32.06% 19.94%
2006 32.73% 31.52% 23.93%

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.