How many renters live in St. Martin Parish, Louisiana?
The County of St. Martin Parish has 51,856 people living in 19,874 households.
There are 10,389 renters living in 4,334 renter households in this County. Renters make up 20.03 percent of the population living in St. Martin Parish.
What is the rental market like in St. Martin Parish, Louisiana?
There are an estimated 23,563 housing units in the St. Martin Parish area. Of these, 4,714 units are rental homes, making up 20 percent of the housing market. For every renter household in St. Martin Parish, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in St. Martin Parish?
The rental vacancy rate in St. Martin Parish is 7 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 St. Martin Parish for each bedroom size?
Occupied Rental Units by Size in St. Martin Parish
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 41 | 577 | 1,722 | 1,882 | 95 |
Occupied Rental Units by Size in St. Martin Parish
A large number of apartments in St. Martin Parish 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 St. Martin Parish are overburdened by housing costs?
Among renter households in this market, 38 percent have housing cost burden. Further, 21 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 St. Martin Parish
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $701 to $1,755. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $701 |
| One BR | $921 |
| Two BR | $1,034 |
| Three BR | $1,344 |
| Four BR | $1,755 |
2024 Fair Market Rents in St. Martin Parish, Louisiana
How many units are rented at Fair Market Rent (FMR) in St. Martin 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 | 34 | 83 percent |
| One BR | 495 | 86 percent |
| Two BR | 1,083 | 63 percent |
Rental Units Below FMR in St. Martin Parish, Louisiana
How many affordable rental units are in St. Martin Parish?
There are a variety of federal affordable housing programs serving households in St. Martin Parish, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 179 |
| Public Housing | 238 |
| Section 8 Project-Based Rental Assistance | 100 |
| Section 202 Supportive Housing for the Elderly | 16 |
| Section 811 Supportive Housing for Persons with Disabilities | 17 |
| USDA Section 515 Rural Rental Housing | 240 |
Tracked Units by Federal Program in St. Martin Parish, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in St. Martin Parish, Louisiana
St. Martin Parish 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 St. Martin Parish, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St. Martin Parish.
Housing Choice Vouchers in St. Martin Parish, Louisiana
On average, Section 8 Housing Choice vouchers pay St. Martin Parish landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in St. Martin Parish.
The maximum amount a voucher would pay on behalf of a low-income tenant in St. Martin Parish, Louisiana for a two-bedroom apartment is between $931 and $1,137.
Sourced from federal housing data and AffordableHousingOnline.com research.
