What HUD offices serve Lake Arthur, 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 Lake Arthur.
How many renters live in Lake Arthur, Louisiana?
The City of Lake Arthur has 2,617 people living in 885 households.
There are 888 renters living in 289 renter households in this City. Renters make up 33.93 percent of the population living in Lake Arthur.
What is the rental market like in Lake Arthur, Louisiana?
There are an estimated 1,129 housing units in the Lake Arthur area. Of these, 352 units are rental homes, making up 31 percent of the housing market. For every renter household in Lake Arthur, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in Lake Arthur?
The rental vacancy rate in Lake Arthur is 18 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 Lake Arthur for each bedroom size?
Occupied Rental Units by Size in Lake Arthur
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 15 | 21 | 95 | 153 | 0 |
Occupied Rental Units by Size in Lake Arthur
A large number of apartments in Lake Arthur 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 Lake Arthur are overburdened by housing costs?
Among renter households in this market, 49 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 Lake Arthur
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $635 to $1,387. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $635 |
| One BR | $672 |
| Two BR | $822 |
| Three BR | $1,158 |
| Four BR | $1,387 |
2024 Fair Market Rents in Lake Arthur, Louisiana
How many units are rented at Fair Market Rent (FMR) in Lake Arthur?
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 | 15 | 100 percent |
| One BR | 15 | 71 percent |
| Two BR | 79 | 83 percent |
Rental Units Below FMR in Lake Arthur, Louisiana
How many affordable rental units are in Lake Arthur?
There are a variety of federal affordable housing programs serving households in Lake Arthur, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 32 |
| Public Housing | 49 |
| USDA Section 515 Rural Rental Housing | 32 |
Tracked Units by Federal Program in Lake Arthur, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Lake Arthur, Louisiana
Lake Arthur features 81 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 Lake Arthur, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake Arthur.
Housing Choice Vouchers in Lake Arthur, Louisiana
On average, Section 8 Housing Choice vouchers pay Lake Arthur landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lake Arthur.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lake Arthur, Louisiana for a two-bedroom apartment is between $740 and $904.
Sourced from federal housing data and AffordableHousingOnline.com research.
