What HUD offices serve New Roads, Louisiana?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Louisiana Public Housing and Low-Income Apartments Waiting Lists page for openings near New Roads.
How many renters live in New Roads, Louisiana?
The City of New Roads has 4,508 people living in 1,774 households.
There are 1,244 renters living in 513 renter households in this City. Renters make up 27.6 percent of the population living in New Roads.
What is the rental market like in New Roads, Louisiana?
There are an estimated 2,377 housing units in the New Roads area. Of these, 625 units are rental homes, making up 26 percent of the housing market. For every renter household in New Roads, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in New Roads?
The rental vacancy rate in New Roads is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in New Roads for each bedroom size?
Occupied Rental Units by Size in New Roads
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 6 | 226 | 219 | 62 | 0 |
Occupied Rental Units by Size in New Roads
A large number of apartments in New Roads have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in New Roads are overburdened by housing costs?
Among renter households in this market, 32 percent have housing cost burden. Further, 1 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in New Roads
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,107 to $2,125. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,107 |
| One BR | $1,124 |
| Two BR | $1,277 |
| Three BR | $1,598 |
| Four BR | $2,125 |
2024 Fair Market Rents in New Roads, Louisiana
How many units are rented at Fair Market Rent (FMR) in New Roads?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 0 | 100 percent |
| One BR | 171 | 76 percent |
| Two BR | 143 | 65 percent |
Rental Units Below FMR in New Roads, Louisiana
How many affordable rental units are in New Roads?
There are a variety of federal affordable housing programs serving households in New Roads, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 72 |
| Public Housing | 60 |
| Section 811 Supportive Housing for Persons with Disabilities | 14 |
| USDA Section 515 Rural Rental Housing | 136 |
Tracked Units by Federal Program in New Roads, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in New Roads, Louisiana
New Roads features 210 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in New Roads, Louisiana
There are 68 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in New Roads.
Housing Choice Vouchers in New Roads, Louisiana
On average, Section 8 Housing Choice vouchers pay New Roads landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in New Roads.
The maximum amount a voucher would pay on behalf of a low-income tenant in New Roads, Louisiana for a two-bedroom apartment is between $1,149 and $1,405.
Sourced from federal housing data and AffordableHousingOnline.com research.
