What HUD offices serve Terrytown, 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 Terrytown.
How many renters live in Terrytown, Louisiana?
The City of Terrytown has 26,105 people living in 8,814 households.
There are 13,649 renters living in 4,726 renter households in this City. Renters make up 52.29 percent of the population living in Terrytown.
What is the rental market like in Terrytown, Louisiana?
There are an estimated 9,416 housing units in the Terrytown area. Of these, 4,960 units are rental homes, making up 53 percent of the housing market. For every renter household in Terrytown, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in Terrytown?
The rental vacancy rate in Terrytown is 5 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 Terrytown for each bedroom size?
Occupied Rental Units by Size in Terrytown
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 65 | 1,262 | 1,860 | 1,085 | 439 |
Occupied Rental Units by Size in Terrytown
A large number of apartments in Terrytown 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 Terrytown are overburdened by housing costs?
Among renter households in this market, 49 percent have housing cost burden. Further, 15 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 Terrytown
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $986 to $2,039. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $986 |
| One BR | $1,149 |
| Two BR | $1,362 |
| Three BR | $1,750 |
| Four BR | $2,039 |
2024 Fair Market Rents in Terrytown, Louisiana
How many units are rented at Fair Market Rent (FMR) in Terrytown?
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 | 29 | 45 percent |
| One BR | 1,131 | 90 percent |
| Two BR | 1,584 | 85 percent |
Rental Units Below FMR in Terrytown, Louisiana
How many affordable rental units are in Terrytown?
There are a variety of federal affordable housing programs serving households in Terrytown, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 571 |
| Section 8 Project-Based Rental Assistance | 68 |
| Section 811 Supportive Housing for Persons with Disabilities | 14 |
Tracked Units by Federal Program in Terrytown, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Terrytown, Louisiana
Terrytown features 61 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 Terrytown, Louisiana
There are 201 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Terrytown.
Housing Choice Vouchers in Terrytown, Louisiana
On average, Section 8 Housing Choice vouchers pay Terrytown landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Terrytown.
The maximum amount a voucher would pay on behalf of a low-income tenant in Terrytown, Louisiana for a two-bedroom apartment is between $1,226 and $1,498.
Sourced from federal housing data and AffordableHousingOnline.com research.
