What HUD offices serve Assumption Parish, 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 Assumption Parish.
How many renters live in Assumption Parish, Louisiana?
The County of Assumption Parish has people living in households.
There are renters living in renter households in this County. Renters make up 15.54 percent of the population living in Assumption Parish.
What is the rental market like in Assumption Parish, Louisiana?
There are an estimated housing units in the Assumption Parish area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Assumption Parish, Louisiana, there are 1.14 rental units.
What is the vacancy rate for rentals in Assumption Parish?
The rental vacancy rate in Assumption Parish is 10 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 Assumption Parish for each bedroom size?
Occupied Rental Units by Size in Assumption Parish
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 275 | 531 | 494 | 96 |
Occupied Rental Units by Size in Assumption Parish
A large number of apartments in Assumption Parish have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Assumption Parish
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $863 to $1,654. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $863 |
| One BR | $886 |
| Two BR | $995 |
| Three BR | $1,402 |
| Four BR | $1,654 |
2024 Fair Market Rents in Assumption Parish, Louisiana
How many units are rented at Fair Market Rent (FMR) in Assumption Parish?
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 | 144 | 52 percent |
| Two BR | 424 | 80 percent |
Rental Units Below FMR in Assumption Parish, Louisiana
How many affordable rental units are in Assumption Parish?
There are a variety of federal affordable housing programs serving households in Assumption Parish, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Assumption Parish, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Assumption Parish, Louisiana
Assumption Parish features 72 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 Assumption Parish, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Assumption Parish.
Housing Choice Vouchers in Assumption Parish, Louisiana
On average, Section 8 Housing Choice vouchers pay Assumption Parish landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Assumption Parish.
The maximum amount a voucher would pay on behalf of a low-income tenant in Assumption Parish, Louisiana for a two-bedroom apartment is between $896 and $1,095.
Sourced from federal housing data and AffordableHousingOnline.com research.