How many renters live in Abita Springs, Louisiana?
The City of Abita Springs has 2,639 people living in 1,052 households.
There are 603 renters living in 168 renter households in this City. Renters make up 22.85 percent of the population living in Abita Springs.
What is the rental market like in Abita Springs, Louisiana?
There are an estimated 1,111 housing units in the Abita Springs area. Of these, 168 units are rental homes, making up 15 percent of the housing market. For every renter household in Abita Springs, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in Abita Springs?
The rental vacancy rate in Abita Springs 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 Abita Springs for each bedroom size?
Occupied Rental Units by Size in Abita Springs
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 23 | 45 | 89 | 7 |
Occupied Rental Units by Size in Abita Springs
A large number of apartments in Abita Springs 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 Abita Springs are overburdened by housing costs?
Among renter households in this market, 34 percent have housing cost burden. Further, 7 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 many units are rented at Fair Market Rent (FMR) in Abita Springs?
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 | 13 | 57 percent |
| Two BR | 44 | 98 percent |
Rental Units Below FMR in Abita Springs, Louisiana
How many affordable rental units are in Abita Springs?
There are a variety of federal affordable housing programs serving households in Abita Springs, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 32 |
| USDA Section 515 Rural Rental Housing | 32 |
Tracked Units by Federal Program in Abita Springs, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Abita Springs, Louisiana
Abita Springs features 32 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 Abita Springs, Louisiana
There are 32 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Abita Springs.
Housing Choice Vouchers in Abita Springs, Louisiana
On average, Section 8 Housing Choice vouchers pay Abita Springs landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Abita Springs.
The maximum amount a voucher would pay on behalf of a low-income tenant in Abita Springs, Louisiana for a two-bedroom apartment is between $1,226 and $1,498.
Sourced from federal housing data and AffordableHousingOnline.com research.
