What HUD offices serve Bastrop, 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 Bastrop.
How many renters live in Bastrop, Louisiana?
The City of Bastrop has 9,623 people living in 3,548 households.
There are 4,233 renters living in 1,652 renter households in this City. Renters make up 43.99 percent of the population living in Bastrop.
What is the rental market like in Bastrop, Louisiana?
There are an estimated 4,420 housing units in the Bastrop area. Of these, 1,730 units are rental homes, making up 39 percent of the housing market. For every renter household in Bastrop, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in Bastrop?
The rental vacancy rate in Bastrop 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 Bastrop for each bedroom size?
Occupied Rental Units by Size in Bastrop
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 41 | 185 | 552 | 784 | 90 |
Occupied Rental Units by Size in Bastrop
A large number of apartments in Bastrop 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 Bastrop are overburdened by housing costs?
Among renter households in this market, 42 percent have housing cost burden. Further, 28 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 Bastrop
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $646 to $1,229. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $646 |
| One BR | $650 |
| Two BR | $822 |
| Three BR | $1,034 |
| Four BR | $1,229 |
2024 Fair Market Rents in Bastrop, Louisiana
How many units are rented at Fair Market Rent (FMR) in Bastrop?
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 | 4 | 10 percent |
| One BR | 114 | 62 percent |
| Two BR | 446 | 81 percent |
Rental Units Below FMR in Bastrop, Louisiana
How many affordable rental units are in Bastrop?
There are a variety of federal affordable housing programs serving households in Bastrop, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 425 |
| Section 8 Project-Based Rental Assistance | 151 |
| Section 202 Supportive Housing for the Elderly | 12 |
| Section 811 Supportive Housing for Persons with Disabilities | 14 |
| USDA Section 515 Rural Rental Housing | 96 |
Tracked Units by Federal Program in Bastrop, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Bastrop, Louisiana
Bastrop features 266 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 Bastrop, Louisiana
There are 298 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bastrop.
Housing Choice Vouchers in Bastrop, Louisiana
On average, Section 8 Housing Choice vouchers pay Bastrop landlords $300 per month towards rent. The average voucher holder contributes $300 towards rent in Bastrop.
The maximum amount a voucher would pay on behalf of a low-income tenant in Bastrop, Louisiana for a two-bedroom apartment is between $740 and $904.
Sourced from federal housing data and AffordableHousingOnline.com research.
