Department of Numbers

Tangipahoa Parish Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Tangipahoa Parish LA was $802 in 2017 according to the Census ACS survey.1 Average gross rent in Tangipahoa Parish was $688 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 Tangipahoa Parish median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Tangipahoa 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%
Tangipahoa Parish LA Median Gross Rent $802 +3.35% +4.84%

Tangipahoa Parish LA Real Gross Rent Trends

Median gross rent for Tangipahoa Parish peaked in real terms in 2015 at $817 and is now $15 (1.84%) lower. Average gross rent for Tangipahoa Parish peaked in real terms in 2016 at $715 and is now $27 (3.78%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Tangipahoa Parish

Date US
Median
Louisiana
Median
Tangipahoa Parish LA
Median
Tangipahoa Parish LA
Average
2017 $1,012 $836 $802 $688
2016 $996 $821 $776 $715
2015 $987 $823 $817 $705
2014 $956 $820 $765 $669
2013 $924 $779 $750 $685
2012 $912 $771 $730 $588
2011 $912 $782 $769 $667
2010 $927 $798 $751 $680
2009 $931 $790 $781 $682
2008 $947 $802 $756 $681
2007 $899 $742 $710 $597
2006 $909 $736 $805 $585

Tangipahoa Parish Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Tangipahoa Parish Louisiana was 4.47% according to Census ACS data.

Rental Vacancy Rate in Tangipahoa Parish Louisiana

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Louisiana 8.74% +0.30% +0.38%
Tangipahoa Parish LA

Trends in Tangipahoa Parish LA Rental Vacancy Rate

The rental vacancy rate in Tangipahoa Parish peaked in 2010 at 15.38%. Since then it has fallen by 10.91% to 4.47%. Data records for this series originated in 2005.

Rental Vacancy Rate: Tangipahoa Parish LA, Louisiana, US

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for Tangipahoa Parish

Date US Louisiana Tangipahoa Parish LA
2017 6.18% 8.74%
2016 5.89% 8.44% 4.47%
2015 5.85% 8.30% 7.81%
2014 6.32% 8.36%
2013 6.49% 7.64% 5.24%
2012 6.77% 8.55% 10.42%
2011 7.40% 8.15%
2010 8.17% 8.98% 15.38%
2009 8.43% 8.19% 13.91%
2008 7.86% 8.20% 7.44%
2007 7.87% 7.18% 13.98%
2006 7.70% 6.36% 7.53%

Rent as a Fraction of Income

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

Tangipahoa 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%
Tangipahoa Parish LA 21.45% +2.42% -0.58%

Trends in Tangipahoa Parish LA Rent as a Fraction of Income

The fraction of median Tangipahoa Parish household income required to pay median monthly gross rent peaked in 2006 (relative to the 2005 series origin) at 24.53%. Since then it has fallen by 3.07% to 21.45%.

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

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

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

Date US Louisiana Tangipahoa Parish LA
2017 20.13% 21.74% 21.45%
2016 20.43% 21.48% 19.04%
2015 20.63% 20.99% 22.18%
2014 20.89% 21.57% 22.03%
2013 20.78% 20.73% 19.94%
2012 20.65% 20.87% 24.34%
2011 20.70% 21.48% 22.36%
2010 20.50% 20.78% 22.24%
2009 20.12% 20.19% 22.52%
2008 19.00% 19.15% 19.07%
2007 18.66% 19.09% 22.82%
2006 18.90% 18.85% 24.53%

Renter Fraction in Tangipahoa Parish Louisiana

You can calculate the renter fraction in Tangipahoa 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 Tangipahoa Parish as a fraction of total Tangipahoa Parish households. In 2017 32.30% of households were renters according to Census ACS data.

Tangipahoa 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%
Tangipahoa Parish LA 32.30% -2.41% -0.43%

Trends in the Tangipahoa Parish LA Renter Fraction

The Tangipahoa Parish household renter fraction peaked in in 2015 at 35.68% and is now 3.38% below that level. The origin year for the series is 2005.

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

Fraction of renters in Tangipahoa Parish

History of Tangipahoa Parish Renter Fraction

Date US Louisiana Tangipahoa Parish LA
2017 36.13% 34.82% 32.30%
2016 36.88% 35.74% 34.71%
2015 36.97% 35.42% 35.68%
2014 36.90% 35.58% 32.73%
2013 36.50% 34.03% 31.40%
2012 36.09% 34.27% 33.88%
2011 35.42% 33.57% 30.43%
2010 34.65% 32.45% 34.42%
2009 34.13% 32.08% 28.79%
2008 33.36% 31.46% 34.28%
2007 32.80% 32.06% 31.44%
2006 32.73% 31.52% 31.60%

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.