How many renters live in Boyce, Louisiana?
The City of Boyce has 1,324 people living in 408 households.
There are 765 renters living in 227 renter households in this City. Renters make up 57.78 percent of the population living in Boyce.
What is the rental market like in Boyce, Louisiana?
There are an estimated 529 housing units in the Boyce area. Of these, 242 units are rental homes, making up 46 percent of the housing market. For every renter household in Boyce, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in Boyce?
The rental vacancy rate in Boyce is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Boyce for each bedroom size?
Occupied Rental Units by Size in Boyce
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 15 | 111 | 80 | 21 |
Occupied Rental Units by Size in Boyce
A large number of apartments in Boyce 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 Boyce are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 22 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 Boyce
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $674 to $1,489. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $674 |
| One BR | $757 |
| Two BR | $995 |
| Three BR | $1,343 |
| Four BR | $1,489 |
2024 Fair Market Rents in Boyce, Louisiana
How many units are rented at Fair Market Rent (FMR) in Boyce?
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 |
| One BR | 15 | 100 percent |
| Two BR | 82 | 74 percent |
Rental Units Below FMR in Boyce, Louisiana
How many affordable rental units are in Boyce?
There are a variety of federal affordable housing programs serving households in Boyce, Louisiana including the following:
| Federal Program | Unit Count |
| Public Housing | 72 |
Tracked Units by Federal Program in Boyce, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Boyce, Louisiana
Boyce features 194 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 Boyce, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Boyce.
Housing Choice Vouchers in Boyce, Louisiana
On average, Section 8 Housing Choice vouchers pay Boyce landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Boyce.
The maximum amount a voucher would pay on behalf of a low-income tenant in Boyce, Louisiana for a two-bedroom apartment is between $896 and $1,095.
Sourced from federal housing data and AffordableHousingOnline.com research.
