What HUD offices serve Loreauville, 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 Loreauville.
How many renters live in Loreauville, Louisiana?
The City of Loreauville has 915 people living in 340 households.
There are 347 renters living in 125 renter households in this City. Renters make up 37.92 percent of the population living in Loreauville.
What is the rental market like in Loreauville, Louisiana?
There are an estimated 438 housing units in the Loreauville area. Of these, 134 units are rental homes, making up 31 percent of the housing market. For every renter household in Loreauville, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in Loreauville?
The rental vacancy rate in Loreauville is 7 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 Loreauville for each bedroom size?
Occupied Rental Units by Size in Loreauville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 19 | 53 | 49 | 0 |
Occupied Rental Units by Size in Loreauville
A large number of apartments in Loreauville 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 Loreauville are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 37 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 Loreauville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $685 to $1,510. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $685 |
| One BR | $690 |
| Two BR | $906 |
| Three BR | $1,167 |
| Four BR | $1,510 |
2024 Fair Market Rents in Loreauville, Louisiana
How many units are rented at Fair Market Rent (FMR) in Loreauville?
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 | 100 percent |
| One BR | 18 | 95 percent |
| Two BR | 28 | 53 percent |
Rental Units Below FMR in Loreauville, Louisiana
How many affordable rental units are in Loreauville?
There are a variety of federal affordable housing programs serving households in Loreauville, Louisiana including the following:
| Federal Program | Unit Count |
| Section 202 Supportive Housing for the Elderly | 16 |
Tracked Units by Federal Program in Loreauville, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Loreauville, Louisiana
Loreauville features 17 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 Loreauville, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Loreauville.
Housing Choice Vouchers in Loreauville, Louisiana
On average, Section 8 Housing Choice vouchers pay Loreauville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Loreauville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Loreauville, Louisiana for a two-bedroom apartment is between $815 and $997.
Sourced from federal housing data and AffordableHousingOnline.com research.
