Terrebonne Parish Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Terrebonne Parish LA was $804 in 2019 according to the Census ACS survey.1 Average gross rent in Terrebonne Parish was $780 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Terrebonne Parish median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Terrebonne Parish Louisiana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Louisiana Median Gross Rent | $866 | -0.35% | +2.36% |
| Terrebonne Parish LA Median Gross Rent | $804 | -3.83% | -9.26% |
Terrebonne Parish LA Real Gross Rent Trends
Median gross rent for Terrebonne Parish peaked in real terms in 2014 at $950 and is now $146 (15.37%) lower. Average gross rent for Terrebonne Parish peaked in real terms in 2013 at $848 and is now $68 (8.02%) lower.
Real Gross Rent: Terrebonne Parish LA Median, Terrebonne Parish LA Average, Louisiana Median, US Median
Real Gross Rent History for Terrebonne Parish
| Date | US Median |
Louisiana Median |
Terrebonne Parish LA Median |
Terrebonne Parish LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $804 | $780 |
| 2018 | $1,077 | $869 | $836 | $665 |
| 2017 | $1,043 | $862 | $847 | $703 |
| 2016 | $1,027 | $846 | $886 | $806 |
| 2015 | $1,017 | $849 | $796 | $806 |
| 2014 | $986 | $846 | $950 | $838 |
| 2013 | $953 | $803 | $910 | $848 |
| 2012 | $940 | $795 | $901 | $781 |
| 2011 | $941 | $807 | $815 | $752 |
| 2010 | $955 | $822 | $773 | $710 |
| 2009 | $960 | $815 | $774 | $617 |
| 2007 | $927 | $765 | $853 | $754 |
| 2005 | $910 | $711 | $709 | $613 |
Terrebonne Parish Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2018 the rental vacancy rate for Terrebonne Parish Louisiana was 7.53% according to Census ACS data.
Rental Vacancy Rate in Terrebonne Parish Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| 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 2.20% to 7.53%. Data records for this series originated in 2005.
Rental Vacancy Rate: Terrebonne Parish LA, Louisiana, US
Historical Rental Vacancy Rate data for Terrebonne Parish
| Date | US | Louisiana | Terrebonne Parish LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | — |
| 2018 | 6.15% | 8.71% | 7.53% |
| 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% | — |
| 2007 | 7.87% | 7.18% | — |
| 2005 | 7.74% | 7.89% | — |
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 19.91% in 2019 according to the ACS.
Terrebonne Parish Louisiana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Louisiana | 20.35% | -1.04% | -1.13% |
| Terrebonne Parish LA | 19.91% | +1.26% | -2.14% |
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 3.22% to 19.91%.
Fraction of Income towards Rent: Terrebonne Parish LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in Terrebonne Parish Louisiana
| Date | US | Louisiana | Terrebonne Parish LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 19.91% |
| 2018 | 20.50% | 21.39% | 18.65% |
| 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% |
| 2007 | 18.66% | 19.09% | 19.71% |
| 2005 | 18.89% | 18.59% | 18.33% |
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 2019 31.45% of households were renters according to Census ACS data.
Terrebonne Parish Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Louisiana | 33.51% | -1.01% | -2.23% |
| Terrebonne Parish LA | 31.45% | +5.42% | +3.08% |
Trends in the Terrebonne Parish LA Renter Fraction
The Terrebonne Parish household renter fraction peaked in in 2014 at 33.59% and is now 2.14% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Terrebonne Parish LA, Louisiana, US
History of Terrebonne Parish Renter Fraction
| Date | US | Louisiana | Terrebonne Parish LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 31.45% |
| 2018 | 36.05% | 34.52% | 26.03% |
| 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% |
| 2007 | 32.80% | 32.06% | 26.77% |
| 2005 | 33.10% | 32.19% | 27.16% |
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. ↩
Department of Numbers
The Department of Numbers contextualizes public data so that individuals can form independent opinions on everyday social and economic matters.
Here's where you are
- Home
- / Rent
- / Louisiana
- / Terrebonne Parish
