What HUD offices serve River Ridge, 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 River Ridge.
How many renters live in River Ridge, Louisiana?
The City of River Ridge has people living in households.
There are renters living in renter households in this City. Renters make up 19.92 percent of the population living in River Ridge.
What is the rental market like in River Ridge, Louisiana?
There are an estimated housing units in the River Ridge area. Of these, units are rental homes, making up percent of the housing market. For every renter household in River Ridge, Louisiana, there are 1.1 rental units.
What is the vacancy rate for rentals in River Ridge?
The rental vacancy rate in River Ridge is 4 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 River Ridge for each bedroom size?
Occupied Rental Units by Size in River Ridge
Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
---|---|---|---|---|
65 | 749 | 485 | 241 | 28 |
Occupied Rental Units by Size in River Ridge
A large number of apartments in River Ridge 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 River Ridge
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $986 to $2,039. FMRs are updated annually by HUD for every city and county nationwide.
Bed Size | 2024 Fair Market Rents |
Studio | $986 |
One BR | $1,149 |
Two BR | $1,362 |
Three BR | $1,750 |
Four BR | $2,039 |
2024 Fair Market Rents in River Ridge, Louisiana
How many units are rented at Fair Market Rent (FMR) in River Ridge?
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 | 35 | 54 percent |
One BR | 604 | 81 percent |
Two BR | 391 | 81 percent |
Rental Units Below FMR in River Ridge, Louisiana
How many affordable rental units are in River Ridge?
Income Based Apartments in River Ridge, Louisiana
River Ridge features 0 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 River Ridge, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in River Ridge.
Housing Choice Vouchers in River Ridge, Louisiana
On average, Section 8 Housing Choice vouchers pay River Ridge landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in River Ridge.
The maximum amount a voucher would pay on behalf of a low-income tenant in River Ridge, Louisiana for a two-bedroom apartment is between $1,226 and $1,498.
Sourced from federal housing data and AffordableHousingOnline.com research.