Department of Numbers

Lafourche Parish Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Lafourche Parish LA was $812 in 2019 according to the Census ACS survey.1 Average gross rent in Lafourche Parish was $860 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 Lafourche Parish median and average rent data will be released in September of 2021.

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

Show dollars as: Nominal Real

Real Gross Rent in Lafourche 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%
Lafourche Parish LA Median Gross Rent $812 -1.58% +0.50%

Lafourche Parish LA Real Gross Rent Trends

Median gross rent for Lafourche Parish peaked in real terms in 2014 at $825 and is now $13 (1.58%) lower. At $860, real average gross rent in Lafourche Parish was at its highest level in 2019 since the series began in 2005.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Lafourche Parish

Date US
Median
Louisiana
Median
Lafourche Parish LA
Median
Lafourche Parish LA
Average
2019 $1,097 $866 $812 $860
2018 $1,077 $869 $825 $675
2017 $1,043 $862 $721 $677
2016 $1,027 $846 $808 $701
2015 $1,017 $849 $693 $622
2014 $986 $846 $825 $724
2013 $953 $803 $727 $614
2012 $940 $795 $682 $632
2011 $941 $807 $732 $561
2010 $955 $822 $751 $700
2009 $960 $815 $672 $571

more history ...

Lafourche Parish Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Lafourche Parish Louisiana was 7.94% according to Census ACS data.

Rental Vacancy Rate in Lafourche Parish Louisiana

2019 1 Year Change 3 Year Change
US 5.97% -0.18% +0.08%
Louisiana 8.34% -0.37% -0.10%
Lafourche Parish LA

Trends in Lafourche Parish LA Rental Vacancy Rate

At 7.94%, Lafourche Parish residential rental vacancy rate in 2018 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Lafourche Parish LA, Louisiana, US

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for Lafourche Parish

Date US Louisiana Lafourche Parish LA
2019 5.97% 8.34%
2018 6.15% 8.71% 7.94%
2017 6.18% 8.74% 4.65%
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%
2010 8.17% 8.98%
2009 8.43% 8.19% 4.71%

more history ...

Rent as a Fraction of Income

Using median household income data for Lafourche Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Lafourche Parish, median monthly gross rent as a fraction of median household income was 18.98% in 2019 according to the ACS.

Lafourche 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%
Lafourche Parish LA 18.98% -0.35% +1.09%

Trends in Lafourche Parish LA Rent as a Fraction of Income

The fraction of median Lafourche Parish household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.40%. Since then it has fallen by 3.42% to 18.98%.

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

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

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

Date US Louisiana Lafourche Parish LA
2019 20.03% 20.35% 18.98%
2018 20.50% 21.39% 19.33%
2017 20.13% 21.74% 16.04%
2016 20.43% 21.48% 17.89%
2015 20.63% 20.99% 14.90%
2014 20.89% 21.57% 22.40%
2013 20.78% 20.73% 15.81%
2012 20.65% 20.87% 15.77%
2011 20.70% 21.48% 17.42%
2010 20.50% 20.78% 17.00%
2009 20.12% 20.19% 14.80%

more history ...

Renter Fraction in Lafourche Parish Louisiana

You can calculate the renter fraction in Lafourche 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 Lafourche Parish as a fraction of total Lafourche Parish households. In 2019 24.25% of households were renters according to Census ACS data.

Lafourche 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%
Lafourche Parish LA 24.25% +0.14% -2.12%

Trends in the Lafourche Parish LA Renter Fraction

The Lafourche Parish household renter fraction peaked in in 2014 at 27.34% and is now 3.09% below that level. The origin year for the series is 2005.

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

Fraction of renters in Lafourche Parish

History of Lafourche Parish Renter Fraction

Date US Louisiana Lafourche Parish LA
2019 35.89% 33.51% 24.25%
2018 36.05% 34.52% 24.11%
2017 36.13% 34.82% 25.18%
2016 36.88% 35.74% 26.37%
2015 36.97% 35.42% 26.15%
2014 36.90% 35.58% 27.34%
2013 36.50% 34.03% 24.98%
2012 36.09% 34.27% 21.75%
2011 35.42% 33.57% 23.14%
2010 34.65% 32.45% 22.27%
2009 34.13% 32.08% 19.18%

more history ...

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.