How many renters live in St. Mary Parish, Louisiana?
The County of St. Mary Parish has 49,114 people living in 18,628 households.
There are 14,628 renters living in 5,682 renter households in this County. Renters make up 29.78 percent of the population living in St. Mary Parish.
What is the rental market like in St. Mary Parish, Louisiana?
There are an estimated 22,516 housing units in the St. Mary Parish area. Of these, 6,629 units are rental homes, making up 29 percent of the housing market. For every renter household in St. Mary Parish, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in St. Mary Parish?
The rental vacancy rate in St. Mary Parish is 12 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. Mary Parish for each bedroom size?
Occupied Rental Units by Size in St. Mary Parish
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 122 | 1,076 | 2,082 | 2,088 | 306 |
Occupied Rental Units by Size in St. Mary Parish
A large number of apartments in St. Mary 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. Mary Parish are overburdened by housing costs?
Among renter households in this market, 47 percent have housing cost burden. Further, 25 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. Mary Parish
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $711 to $1,534. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $711 |
| One BR | $740 |
| Two BR | $959 |
| Three BR | $1,241 |
| Four BR | $1,534 |
2024 Fair Market Rents in St. Mary Parish, Louisiana
How many units are rented at Fair Market Rent (FMR) in St. Mary 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 | 103 | 84 percent |
| One BR | 792 | 74 percent |
| Two BR | 1,425 | 68 percent |
Rental Units Below FMR in St. Mary Parish, Louisiana
How many affordable rental units are in St. Mary Parish?
There are a variety of federal affordable housing programs serving households in St. Mary Parish, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 30 |
| Public Housing | 526 |
| Section 8 Project-Based Rental Assistance | 133 |
| USDA Section 515 Rural Rental Housing | 200 |
Tracked Units by Federal Program in St. Mary Parish, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in St. Mary Parish, Louisiana
St. Mary 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. Mary Parish, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in St. Mary Parish.
Housing Choice Vouchers in St. Mary Parish, Louisiana
On average, Section 8 Housing Choice vouchers pay St. Mary Parish landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in St. Mary Parish.
The maximum amount a voucher would pay on behalf of a low-income tenant in St. Mary Parish, Louisiana for a two-bedroom apartment is between $863 and $1,055.
Sourced from federal housing data and AffordableHousingOnline.com research.
