Department of Numbers

St. Tammany Parish Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in St. Tammany Parish LA was $1,078 in 2017 according to the Census ACS survey.1 Average gross rent in St. Tammany Parish was $994 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. Tammany Parish median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in St. Tammany 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. Tammany Parish LA Median Gross Rent $1,078 +4.76% +17.69%

St. Tammany Parish LA Real Gross Rent Trends

Median gross rent for St. Tammany Parish peaked in real terms in 2008 at $1,128 and is now $50 (4.43%) lower. Average gross rent for St. Tammany Parish peaked in real terms in 2009 at $1,066 and is now $72 (6.75%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for St. Tammany Parish

Date US
Median
Louisiana
Median
St. Tammany Parish LA
Median
St. Tammany Parish LA
Average
2017 $1,012 $836 $1,078 $994
2016 $996 $821 $1,029 $971
2015 $987 $823 $980 $964
2014 $956 $820 $916 $897
2013 $924 $779 $1,007 $951
2012 $912 $771 $1,067 $955
2011 $912 $782 $969 $1,026
2010 $927 $798 $983 $1,013
2009 $931 $790 $1,072 $1,066
2008 $947 $802 $1,128 $1,048
2007 $899 $742 $994 $826
2006 $909 $736 $985 $927

St. Tammany 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. Tammany Parish Louisiana was 6.24% according to Census ACS data.

Rental Vacancy Rate in St. Tammany Parish Louisiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Louisiana 8.74% +0.30% +0.38%
St. Tammany Parish LA 6.24% -4.70% -5.03%

Trends in St. Tammany Parish LA Rental Vacancy Rate

The rental vacancy rate in St. Tammany Parish peaked in 2014 at 11.27%. Since then it has fallen by 5.03% to 6.24%. Data records for this series originated in 2005.

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

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for St. Tammany Parish

Date US Louisiana St. Tammany Parish LA
2017 6.18% 8.74% 6.24%
2016 5.89% 8.44% 10.94%
2015 5.85% 8.30% 7.53%
2014 6.32% 8.36% 11.27%
2013 6.49% 7.64% 10.94%
2012 6.77% 8.55% 5.88%
2011 7.40% 8.15% 4.69%
2010 8.17% 8.98% 8.81%
2009 8.43% 8.19% 8.20%
2008 7.86% 8.20% 2.54%
2007 7.87% 7.18% 2.70%
2006 7.70% 6.36% 4.42%

Rent as a Fraction of Income

Using median household income data for St. Tammany 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. Tammany Parish, median monthly gross rent as a fraction of median household income was 19.19% in 2017 according to the ACS.

St. Tammany 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. Tammany Parish LA 19.19% +0.39% +2.20%

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

The fraction of median St. Tammany Parish household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 21.90%. Since then it has fallen by 2.71% to 19.19%.

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

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

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

Date US Louisiana St. Tammany Parish LA
2017 20.13% 21.74% 19.19%
2016 20.43% 21.48% 18.81%
2015 20.63% 20.99% 18.10%
2014 20.89% 21.57% 16.99%
2013 20.78% 20.73% 19.31%
2012 20.65% 20.87% 21.90%
2011 20.70% 21.48% 19.63%
2010 20.50% 20.78% 18.34%
2009 20.12% 20.19% 19.79%
2008 19.00% 19.15% 21.09%
2007 18.66% 19.09% 17.51%
2006 18.90% 18.85% 16.83%

Renter Fraction in St. Tammany Parish Louisiana

You can calculate the renter fraction in St. Tammany 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. Tammany Parish as a fraction of total St. Tammany Parish households. In 2017 22.86% of households were renters according to Census ACS data.

St. Tammany 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. Tammany Parish LA 22.86% +1.40% +1.03%

Trends in the St. Tammany Parish LA Renter Fraction

The St. Tammany Parish household renter fraction peaked in in 2012 at 27.56% and is now 4.70% below that level. The origin year for the series is 2005.

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

Fraction of renters in St. Tammany Parish

History of St. Tammany Parish Renter Fraction

Date US Louisiana St. Tammany Parish LA
2017 36.13% 34.82% 22.86%
2016 36.88% 35.74% 21.46%
2015 36.97% 35.42% 23.43%
2014 36.90% 35.58% 21.83%
2013 36.50% 34.03% 22.34%
2012 36.09% 34.27% 27.56%
2011 35.42% 33.57% 23.48%
2010 34.65% 32.45% 21.33%
2009 34.13% 32.08% 17.86%
2008 33.36% 31.46% 23.52%
2007 32.80% 32.06% 20.81%
2006 32.73% 31.52% 17.15%

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.