Department of Numbers

Rapides Parish Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Rapides Parish LA was $795 in 2017 according to the Census ACS survey.1 Average gross rent in Rapides Parish was $747 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 Rapides Parish median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Rapides 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%
Rapides Parish LA Median Gross Rent $795 +2.85% +1.66%

Rapides Parish LA Real Gross Rent Trends

Median gross rent for Rapides Parish peaked in real terms in 2008 at $828 and is now $33 (3.99%) lower. From a recent low of 653.0 in 2011, real median gross rent has now increased by $142 (21.75%). Average gross rent for Rapides Parish peaked in real terms in 2008 at $760 and is now $13 (1.71%) lower. From a recent low of 582.0 in 2011, real average gross rent has now increased by $165 (28.35%).

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Rapides Parish

Date US
Median
Louisiana
Median
Rapides Parish LA
Median
Rapides Parish LA
Average
2017 $1,012 $836 $795 $747
2016 $996 $821 $773 $695
2015 $987 $823 $756 $692
2014 $956 $820 $782 $728
2013 $924 $779 $749 $725
2012 $912 $771 $684 $662
2011 $912 $782 $653 $582
2010 $927 $798 $722 $712
2009 $931 $790 $737 $678
2008 $947 $802 $828 $760
2007 $899 $742 $719 $653
2006 $909 $736 $776 $705

Rapides 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 Rapides Parish Louisiana was 10.25% according to Census ACS data.

Rental Vacancy Rate in Rapides Parish Louisiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Louisiana 8.74% +0.30% +0.38%
Rapides Parish LA 10.25% +1.46% -1.69%

Trends in Rapides Parish LA Rental Vacancy Rate

The rental vacancy rate in Rapides Parish peaked in 2014 at 11.94%. Since then it has fallen by 1.69% to 10.25%. Data records for this series originated in 2005.

Rental Vacancy Rate: Rapides Parish LA, Louisiana, US

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for Rapides Parish

Date US Louisiana Rapides Parish LA
2017 6.18% 8.74% 10.25%
2016 5.89% 8.44% 8.79%
2015 5.85% 8.30% 6.27%
2014 6.32% 8.36% 11.94%
2013 6.49% 7.64% 6.48%
2012 6.77% 8.55% 8.31%
2011 7.40% 8.15% 3.50%
2010 8.17% 8.98% 2.80%
2009 8.43% 8.19% 6.13%
2008 7.86% 8.20% 11.53%
2007 7.87% 7.18% 7.32%
2006 7.70% 6.36% 11.58%

Rent as a Fraction of Income

Using median household income data for Rapides Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Rapides Parish, median monthly gross rent as a fraction of median household income was 22.91% in 2017 according to the ACS.

Rapides 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%
Rapides Parish LA 22.91% +1.46% +0.23%

Trends in Rapides Parish LA Rent as a Fraction of Income

Rapides Parish renters paid 22.91% 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: Rapides Parish LA, Louisiana, US

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

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

Date US Louisiana Rapides Parish LA
2017 20.13% 21.74% 22.91%
2016 20.43% 21.48% 21.45%
2015 20.63% 20.99% 20.41%
2014 20.89% 21.57% 22.67%
2013 20.78% 20.73% 22.36%
2012 20.65% 20.87% 19.25%
2011 20.70% 21.48% 21.33%
2010 20.50% 20.78% 19.79%
2009 20.12% 20.19% 20.20%
2008 19.00% 19.15% 20.23%
2007 18.66% 19.09% 20.45%
2006 18.90% 18.85% 22.38%

Renter Fraction in Rapides Parish Louisiana

You can calculate the renter fraction in Rapides 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 Rapides Parish as a fraction of total Rapides Parish households. In 2017 35.37% of households were renters according to Census ACS data.

Rapides 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%
Rapides Parish LA 35.37% -4.59% -2.09%

Trends in the Rapides Parish LA Renter Fraction

The Rapides Parish household renter fraction peaked in in 2015 at 43.43% and is now 8.06% below that level. The origin year for the series is 2005.

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

Fraction of renters in Rapides Parish

History of Rapides Parish Renter Fraction

Date US Louisiana Rapides Parish LA
2017 36.13% 34.82% 35.37%
2016 36.88% 35.74% 39.96%
2015 36.97% 35.42% 43.43%
2014 36.90% 35.58% 37.46%
2013 36.50% 34.03% 36.10%
2012 36.09% 34.27% 35.37%
2011 35.42% 33.57% 32.94%
2010 34.65% 32.45% 34.50%
2009 34.13% 32.08% 32.63%
2008 33.36% 31.46% 32.16%
2007 32.80% 32.06% 33.46%
2006 32.73% 31.52% 33.22%

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.