How many renters live in Madison Parish, Louisiana?
The County of Madison Parish has people living in households.
There are renters living in renter households in this County. Renters make up 40.33 percent of the population living in Madison Parish.
What is the rental market like in Madison Parish, Louisiana?
There are an estimated housing units in the Madison Parish area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Madison Parish, Louisiana, there are 1.19 rental units.
What is the vacancy rate for rentals in Madison Parish?
The rental vacancy rate in Madison Parish is 15 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 Madison Parish for each bedroom size?
Occupied Rental Units by Size in Madison Parish
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 134 | 135 | 220 | 772 | 83 |
Occupied Rental Units by Size in Madison Parish
A large number of apartments in Madison 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 Madison Parish
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $621 to $1,395. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $621 |
| One BR | $626 |
| Two BR | $822 |
| Three BR | $1,068 |
| Four BR | $1,395 |
2024 Fair Market Rents in Madison Parish, Louisiana
How many units are rented at Fair Market Rent (FMR) in Madison 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 |
| Studio | 53 | 40 percent |
| One BR | 121 | 90 percent |
| Two BR | 146 | 66 percent |
Rental Units Below FMR in Madison Parish, Louisiana
How many affordable rental units are in Madison Parish?
There are a variety of federal affordable housing programs serving households in Madison Parish, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Section 8 Project-Based Rental Assistance | |
| Section 202 Supportive Housing for the Elderly | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Madison Parish, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Madison Parish, Louisiana
Madison Parish features 425 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 Madison Parish, Louisiana
There are 19 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Madison Parish.
Housing Choice Vouchers in Madison Parish, Louisiana
On average, Section 8 Housing Choice vouchers pay Madison Parish landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Madison Parish.
The maximum amount a voucher would pay on behalf of a low-income tenant in Madison Parish, Louisiana for a two-bedroom apartment is between $740 and $904.
Sourced from federal housing data and AffordableHousingOnline.com research.
