Department of Numbers

St. Landry Parish Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in St. Landry Parish LA was $616 in 2017 according to the Census ACS survey.1 Average gross rent in St. Landry Parish was $491 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 St. Landry Parish median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in St. Landry 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%
St. Landry Parish LA Median Gross Rent $616 +2.84% +7.13%

St. Landry Parish LA Real Gross Rent Trends

Median gross rent for St. Landry Parish peaked in real terms in 2015 at $641 and is now $25 (3.90%) lower. Average gross rent for St. Landry Parish peaked in real terms in 2013 at $536 and is now $45 (8.40%) lower.

Real Gross Rent: St. Landry Parish LA Median, St. Landry Parish LA Average, Louisiana Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for St. Landry Parish

Date US
Median
Louisiana
Median
St. Landry Parish LA
Median
St. Landry Parish LA
Average
2017 $1,012 $836 $616 $491
2016 $996 $821 $599 $455
2015 $987 $823 $641 $503
2014 $956 $820 $575 $522
2013 $924 $779 $605 $536
2012 $912 $771 $615 $489
2011 $912 $782 $558 $490
2010 $927 $798 $535 $484
2009 $931 $790 $552 $500
2008 $947 $802 $566 $497
2007 $899 $742 $490 $398
2006 $909 $736 $561 $499

St. Landry 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 St. Landry Parish Louisiana was 4.03% according to Census ACS data.

Rental Vacancy Rate in St. Landry Parish Louisiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Louisiana 8.74% +0.30% +0.38%
St. Landry Parish LA 4.03% -1.95% -12.52%

Trends in St. Landry Parish LA Rental Vacancy Rate

The rental vacancy rate in St. Landry Parish peaked in 2014 at 16.55%. Since then it has fallen by 12.52% to 4.03%. Data records for this series originated in 2005.

Rental Vacancy Rate: St. Landry Parish LA, Louisiana, US

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for St. Landry Parish

Date US Louisiana St. Landry Parish LA
2017 6.18% 8.74% 4.03%
2016 5.89% 8.44% 5.98%
2015 5.85% 8.30% 10.53%
2014 6.32% 8.36% 16.55%
2013 6.49% 7.64% 3.69%
2012 6.77% 8.55% 11.68%
2011 7.40% 8.15% 2.33%
2010 8.17% 8.98% 6.04%
2009 8.43% 8.19% 5.90%
2008 7.86% 8.20%
2007 7.87% 7.18% 12.97%
2006 7.70% 6.36% 12.15%

Rent as a Fraction of Income

Using median household income data for St. Landry Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For St. Landry Parish, median monthly gross rent as a fraction of median household income was 21.45% in 2017 according to the ACS.

St. Landry 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%
St. Landry Parish LA 21.45% -1.24% -2.85%

Trends in St. Landry Parish LA Rent as a Fraction of Income

The fraction of median St. Landry Parish household income required to pay median monthly gross rent peaked in 2015 (relative to the 2005 series origin) at 24.68%. Since then it has fallen by 3.23% to 21.45%.

Fraction of Income towards Rent: St. Landry Parish LA, Louisiana, US

Percent of median household income going towards median monthly gross rent in St. Landry Parish Louisiana

Historical Data for Annual Rent as a Fraction of Income in St. Landry Parish Louisiana

Date US Louisiana St. Landry Parish LA
2017 20.13% 21.74% 21.45%
2016 20.43% 21.48% 22.69%
2015 20.63% 20.99% 24.68%
2014 20.89% 21.57% 24.30%
2013 20.78% 20.73% 22.23%
2012 20.65% 20.87% 20.00%
2011 20.70% 21.48% 18.63%
2010 20.50% 20.78% 17.75%
2009 20.12% 20.19% 17.33%
2008 19.00% 19.15% 17.85%
2007 18.66% 19.09% 19.64%
2006 18.90% 18.85% 24.45%

Renter Fraction in St. Landry Parish Louisiana

You can calculate the renter fraction in St. Landry 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 St. Landry Parish as a fraction of total St. Landry Parish households. In 2017 28.00% of households were renters according to Census ACS data.

St. Landry 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%
St. Landry Parish LA 28.00% -4.28% +0.54%

Trends in the St. Landry Parish LA Renter Fraction

The St. Landry Parish household renter fraction peaked in in 2005 at 33.52% and is now 5.52% below that level. From a recent low of 27.46% in 2014, the household based renter fraction has now grown by 0.54%. The origin year for the series is 2005.

Fraction of Renting Households: St. Landry Parish LA, Louisiana, US

Fraction of renters in St. Landry Parish

History of St. Landry Parish Renter Fraction

Date US Louisiana St. Landry Parish LA
2017 36.13% 34.82% 28.00%
2016 36.88% 35.74% 32.28%
2015 36.97% 35.42% 31.74%
2014 36.90% 35.58% 27.46%
2013 36.50% 34.03% 31.46%
2012 36.09% 34.27% 29.85%
2011 35.42% 33.57% 31.52%
2010 34.65% 32.45% 27.71%
2009 34.13% 32.08% 30.90%
2008 33.36% 31.46% 27.59%
2007 32.80% 32.06% 28.57%
2006 32.73% 31.52% 32.99%

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.