Department of Numbers

Caddo Parish Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Caddo Parish LA was $741 in 2017 according to the Census ACS survey.1 Average gross rent in Caddo Parish was $698 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 Caddo Parish median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Caddo 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%
Caddo Parish LA Median Gross Rent $741 -0.67% -8.41%

Caddo Parish LA Real Gross Rent Trends

Median gross rent for Caddo Parish peaked in real terms in 2014 at $809 and is now $68 (8.41%) lower. Average gross rent for Caddo Parish peaked in real terms in 2015 at $759 and is now $61 (8.04%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Caddo Parish

Date US
Median
Louisiana
Median
Caddo Parish LA
Median
Caddo Parish LA
Average
2017 $1,012 $836 $741 $698
2016 $996 $821 $746 $728
2015 $987 $823 $758 $759
2014 $956 $820 $809 $724
2013 $924 $779 $717 $674
2012 $912 $771 $736 $749
2011 $912 $782 $758 $724
2010 $927 $798 $730 $698
2009 $931 $790 $755 $744
2008 $947 $802 $763 $749
2007 $899 $742 $687 $644
2006 $909 $736 $692 $682

Caddo Parish 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 Caddo Parish Louisiana was 10.24% according to Census ACS data.

Rental Vacancy Rate in Caddo Parish Louisiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Louisiana 8.74% +0.30% +0.38%
Caddo Parish LA 10.24% +1.24% +0.02%

Trends in Caddo Parish LA Rental Vacancy Rate

The rental vacancy rate in Caddo Parish peaked in 2015 at 12.49%. Since then it has fallen by 2.25% to 10.24%. Data records for this series originated in 2005.

Rental Vacancy Rate: Caddo Parish LA, Louisiana, US

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for Caddo Parish

Date US Louisiana Caddo Parish LA
2017 6.18% 8.74% 10.24%
2016 5.89% 8.44% 9.00%
2015 5.85% 8.30% 12.49%
2014 6.32% 8.36% 10.22%
2013 6.49% 7.64% 5.34%
2012 6.77% 8.55% 8.89%
2011 7.40% 8.15% 7.49%
2010 8.17% 8.98% 5.97%
2009 8.43% 8.19% 5.96%
2008 7.86% 8.20% 5.67%
2007 7.87% 7.18% 5.88%
2006 7.70% 6.36% 9.84%

Rent as a Fraction of Income

Using median household income data for Caddo Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Caddo Parish, median monthly gross rent as a fraction of median household income was 24.59% in 2017 according to the ACS.

Caddo 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%
Caddo Parish LA 24.59% +0.82% +0.47%

Trends in Caddo Parish LA Rent as a Fraction of Income

Caddo Parish renters paid 24.59% 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: Caddo Parish LA, Louisiana, US

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

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

Date US Louisiana Caddo Parish LA
2017 20.13% 21.74% 24.59%
2016 20.43% 21.48% 23.77%
2015 20.63% 20.99% 21.55%
2014 20.89% 21.57% 24.11%
2013 20.78% 20.73% 21.23%
2012 20.65% 20.87% 20.93%
2011 20.70% 21.48% 21.47%
2010 20.50% 20.78% 21.96%
2009 20.12% 20.19% 21.39%
2008 19.00% 19.15% 22.23%
2007 18.66% 19.09% 20.83%
2006 18.90% 18.85% 21.45%

Renter Fraction in Caddo Parish Louisiana

You can calculate the renter fraction in Caddo 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 Caddo Parish as a fraction of total Caddo Parish households. In 2017 42.95% of households were renters according to Census ACS data.

Caddo 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%
Caddo Parish LA 42.95% +1.42% +2.71%

Trends in the Caddo Parish LA Renter Fraction

At 42.95%, the 2017 household based renter fraction in Caddo Parish was at its highest level. The origin year for the series is 2005.

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

Fraction of renters in Caddo Parish

History of Caddo Parish Renter Fraction

Date US Louisiana Caddo Parish LA
2017 36.13% 34.82% 42.95%
2016 36.88% 35.74% 41.53%
2015 36.97% 35.42% 41.06%
2014 36.90% 35.58% 40.24%
2013 36.50% 34.03% 39.34%
2012 36.09% 34.27% 40.54%
2011 35.42% 33.57% 37.22%
2010 34.65% 32.45% 38.63%
2009 34.13% 32.08% 38.16%
2008 33.36% 31.46% 39.50%
2007 32.80% 32.06% 38.37%
2006 32.73% 31.52% 35.44%

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.