What HUD offices serve Sibley, 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 Sibley.
How many renters live in Sibley, Louisiana?
The City of Sibley has 1,323 people living in 507 households.
There are 426 renters living in 180 renter households in this City. Renters make up 32.2 percent of the population living in Sibley.
What is the rental market like in Sibley, Louisiana?
There are an estimated 553 housing units in the Sibley area. Of these, 186 units are rental homes, making up 34 percent of the housing market. For every renter household in Sibley, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in Sibley?
The rental vacancy rate in Sibley is 0 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 Sibley for each bedroom size?
Occupied Rental Units by Size in Sibley
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 0 | 104 | 54 | 22 |
Occupied Rental Units by Size in Sibley
A large number of apartments in Sibley 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 Sibley are overburdened by housing costs?
Among renter households in this market, 56 percent have housing cost burden. Further, 42 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 Sibley
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $615 to $1,095. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $615 |
| One BR | $626 |
| Two BR | $822 |
| Three BR | $1,091 |
| Four BR | $1,095 |
2024 Fair Market Rents in Sibley, Louisiana
How many units are rented at Fair Market Rent (FMR) in Sibley?
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 |
| Two BR | 83 | 80 percent |
Rental Units Below FMR in Sibley, Louisiana
How many affordable rental units are in Sibley?
Income Based Apartments in Sibley, Louisiana
Sibley features 48 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 Sibley, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sibley.
Housing Choice Vouchers in Sibley, Louisiana
On average, Section 8 Housing Choice vouchers pay Sibley landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Sibley.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sibley, Louisiana for a two-bedroom apartment is between $740 and $904.
Sourced from federal housing data and AffordableHousingOnline.com research.
