Department of Numbers

Terrebonne Parish Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Terrebonne Parish LA was $821 in 2017 according to the Census ACS survey.1 Average gross rent in Terrebonne Parish was $682 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 Terrebonne Parish median and average rent data will be released in September of 2019.

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

Show dollars as: Nominal Real

Real Gross Rent in Terrebonne 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%
Terrebonne Parish LA Median Gross Rent $821 -4.42% -10.95%

Terrebonne Parish LA Real Gross Rent Trends

Median gross rent for Terrebonne Parish peaked in real terms in 2014 at $922 and is now $101 (10.95%) lower. Average gross rent for Terrebonne Parish peaked in real terms in 2013 at $822 and is now $140 (17.03%) lower.

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

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Terrebonne Parish

Date US
Median
Louisiana
Median
Terrebonne Parish LA
Median
Terrebonne Parish LA
Average
2017 $1,012 $836 $821 $682
2016 $996 $821 $859 $782
2015 $987 $823 $772 $782
2014 $956 $820 $922 $813
2013 $924 $779 $882 $822
2012 $912 $771 $874 $757
2011 $912 $782 $791 $729
2010 $927 $798 $750 $688
2009 $931 $790 $751 $598
2008 $947 $802 $889 $754
2007 $899 $742 $827 $732
2006 $909 $736 $699 $585

Terrebonne Parish Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Terrebonne Parish Louisiana was 8.51% according to Census ACS data.

Rental Vacancy Rate in Terrebonne Parish Louisiana

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

Trends in Terrebonne Parish LA Rental Vacancy Rate

The rental vacancy rate in Terrebonne Parish peaked in 2014 at 9.73%. Since then it has fallen by 1.22% to 8.51%. Data records for this series originated in 2005.

Rental Vacancy Rate: Terrebonne Parish LA, Louisiana, US

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for Terrebonne Parish

Date US Louisiana Terrebonne Parish LA
2017 6.18% 8.74%
2016 5.89% 8.44%
2015 5.85% 8.30% 8.51%
2014 6.32% 8.36% 9.73%
2013 6.49% 7.64%
2012 6.77% 8.55% 7.97%
2011 7.40% 8.15%
2010 8.17% 8.98% 4.83%
2009 8.43% 8.19%
2008 7.86% 8.20% 6.88%
2007 7.87% 7.18%
2006 7.70% 6.36% 3.47%

Rent as a Fraction of Income

Using median household income data for Terrebonne Parish, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Terrebonne Parish, median monthly gross rent as a fraction of median household income was 22.99% in 2017 according to the ACS.

Terrebonne 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%
Terrebonne Parish LA 22.99% +0.93% -0.15%

Trends in Terrebonne Parish LA Rent as a Fraction of Income

The fraction of median Terrebonne Parish household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 23.14%. Since then it has fallen by 0.15% to 22.99%.

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

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

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

Date US Louisiana Terrebonne Parish LA
2017 20.13% 21.74% 22.99%
2016 20.43% 21.48% 22.06%
2015 20.63% 20.99% 21.54%
2014 20.89% 21.57% 23.14%
2013 20.78% 20.73% 18.80%
2012 20.65% 20.87% 20.78%
2011 20.70% 21.48% 20.61%
2010 20.50% 20.78% 17.09%
2009 20.12% 20.19% 17.07%
2008 19.00% 19.15% 18.20%
2007 18.66% 19.09% 19.71%
2006 18.90% 18.85% 15.56%

Renter Fraction in Terrebonne Parish Louisiana

You can calculate the renter fraction in Terrebonne 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 Terrebonne Parish as a fraction of total Terrebonne Parish households. In 2017 30.74% of households were renters according to Census ACS data.

Terrebonne 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%
Terrebonne Parish LA 30.74% +2.37% -2.85%

Trends in the Terrebonne Parish LA Renter Fraction

The Terrebonne Parish household renter fraction peaked in in 2014 at 33.59% and is now 2.85% below that level. The origin year for the series is 2005.

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

Fraction of renters in Terrebonne Parish

History of Terrebonne Parish Renter Fraction

Date US Louisiana Terrebonne Parish LA
2017 36.13% 34.82% 30.74%
2016 36.88% 35.74% 28.37%
2015 36.97% 35.42% 28.99%
2014 36.90% 35.58% 33.59%
2013 36.50% 34.03% 20.28%
2012 36.09% 34.27% 25.34%
2011 35.42% 33.57% 32.72%
2010 34.65% 32.45% 25.87%
2009 34.13% 32.08% 25.47%
2008 33.36% 31.46% 23.46%
2007 32.80% 32.06% 26.77%
2006 32.73% 31.52% 27.25%

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.