How many renters live in Richland Parish, Louisiana?
The County of Richland Parish has people living in households.
There are renters living in renter households in this County. Renters make up 38.23 percent of the population living in Richland Parish.
What is the rental market like in Richland Parish, Louisiana?
There are an estimated housing units in the Richland Parish area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Richland Parish, Louisiana, there are 1.02 rental units.
What is the vacancy rate for rentals in Richland Parish?
The rental vacancy rate in Richland Parish is 1 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 Richland Parish for each bedroom size?
Occupied Rental Units by Size in Richland Parish
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 134 | 235 | 409 | 1,583 | 278 |
Occupied Rental Units by Size in Richland Parish
A large number of apartments in Richland 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 Richland Parish
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 Richland Parish, Louisiana
How many units are rented at Fair Market Rent (FMR) in Richland 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 | 88 | 66 percent |
| One BR | 184 | 78 percent |
| Two BR | 184 | 45 percent |
Rental Units Below FMR in Richland Parish, Louisiana
How many affordable rental units are in Richland Parish?
There are a variety of federal affordable housing programs serving households in Richland Parish, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Richland Parish, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Richland Parish, Louisiana
Richland Parish features 442 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 Richland Parish, Louisiana
There are 39 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richland Parish.
Housing Choice Vouchers in Richland Parish, Louisiana
On average, Section 8 Housing Choice vouchers pay Richland Parish landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Richland Parish.
The maximum amount a voucher would pay on behalf of a low-income tenant in Richland Parish, Louisiana for a two-bedroom apartment is between $761 and $931.
Sourced from federal housing data and AffordableHousingOnline.com research.