What HUD offices serve Rayville, 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 Rayville.
How many renters live in Rayville, Louisiana?
The City of Rayville has 3,343 people living in 1,145 households.
There are 2,429 renters living in 827 renter households in this City. Renters make up 72.66 percent of the population living in Rayville.
What is the rental market like in Rayville, Louisiana?
There are an estimated 1,447 housing units in the Rayville area. Of these, 872 units are rental homes, making up 60 percent of the housing market. For every renter household in Rayville, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in Rayville?
The rental vacancy rate in Rayville is 3 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 Rayville for each bedroom size?
Occupied Rental Units by Size in Rayville
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 28 | 164 | 150 | 419 | 66 |
Occupied Rental Units by Size in Rayville
A large number of apartments in Rayville 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 Rayville are overburdened by housing costs?
Among renter households in this market, 41 percent have housing cost burden. Further, 17 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 Rayville
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $645 to $1,242. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $645 |
| One BR | $649 |
| Two BR | $846 |
| Three BR | $1,023 |
| Four BR | $1,242 |
2024 Fair Market Rents in Rayville, Louisiana
How many units are rented at Fair Market Rent (FMR) in Rayville?
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 | 16 | 57 percent |
| One BR | 133 | 81 percent |
| Two BR | 59 | 39 percent |
Rental Units Below FMR in Rayville, Louisiana
How many affordable rental units are in Rayville?
There are a variety of federal affordable housing programs serving households in Rayville, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 330 |
| Public Housing | 100 |
| Section 8 Project-Based Rental Assistance | 132 |
| USDA Section 515 Rural Rental Housing | 70 |
Tracked Units by Federal Program in Rayville, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Rayville, Louisiana
Rayville features 310 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 Rayville, Louisiana
There are 39 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Rayville.
Housing Choice Vouchers in Rayville, Louisiana
On average, Section 8 Housing Choice vouchers pay Rayville landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Rayville.
The maximum amount a voucher would pay on behalf of a low-income tenant in Rayville, Louisiana for a two-bedroom apartment is between $761 and $931.
Sourced from federal housing data and AffordableHousingOnline.com research.
