What HUD offices serve Cotton Valley, 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 Cotton Valley.
How many renters live in Cotton Valley, Louisiana?
The City of Cotton Valley has 713 people living in 265 households.
There are 262 renters living in 101 renter households in this City. Renters make up 36.75 percent of the population living in Cotton Valley.
What is the rental market like in Cotton Valley, Louisiana?
There are an estimated 363 housing units in the Cotton Valley area. Of these, 101 units are rental homes, making up 28 percent of the housing market. For every renter household in Cotton Valley, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in Cotton Valley?
The rental vacancy rate in Cotton Valley 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 Cotton Valley for each bedroom size?
Occupied Rental Units by Size in Cotton Valley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 1 | 13 | 31 | 38 | 17 |
Occupied Rental Units by Size in Cotton Valley
A large number of apartments in Cotton Valley 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 Cotton Valley are overburdened by housing costs?
Among renter households in this market, 57 percent have housing cost burden. Further, 21 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 Cotton Valley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $615 to $1,095. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $615 |
| One BR | $626 |
| Two BR | $822 |
| Three BR | $1,091 |
| Four BR | $1,095 |
2024 Fair Market Rents in Cotton Valley, Louisiana
How many units are rented at Fair Market Rent (FMR) in Cotton Valley?
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 | 100 percent |
| Two BR | 31 | 100 percent |
Rental Units Below FMR in Cotton Valley, Louisiana
How many affordable rental units are in Cotton Valley?
There are a variety of federal affordable housing programs serving households in Cotton Valley, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 32 |
| Public Housing | 20 |
| USDA Section 515 Rural Rental Housing | 32 |
Tracked Units by Federal Program in Cotton Valley, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Cotton Valley, Louisiana
Cotton Valley features 52 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 Cotton Valley, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cotton Valley.
Housing Choice Vouchers in Cotton Valley, Louisiana
On average, Section 8 Housing Choice vouchers pay Cotton Valley landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Cotton Valley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Cotton Valley, Louisiana for a two-bedroom apartment is between $740 and $904.
Sourced from federal housing data and AffordableHousingOnline.com research.
