How many renters live in Waterproof, Louisiana?
The City of Waterproof has people living in households.
There are renters living in renter households in this City. Renters make up 22.19 percent of the population living in Waterproof.
What is the rental market like in Waterproof, Louisiana?
There are an estimated housing units in the Waterproof area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Waterproof, Louisiana, there are 1.16 rental units.
What is the vacancy rate for rentals in Waterproof?
The rental vacancy rate in Waterproof is 14 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 Waterproof for each bedroom size?
Occupied Rental Units by Size in Waterproof
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 7 | 10 | 19 | 34 | 0 |
Occupied Rental Units by Size in Waterproof
A large number of apartments in Waterproof 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 Waterproof
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $615 to $1,192. 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 | $1,158 |
| Four BR | $1,192 |
2024 Fair Market Rents in Waterproof, Louisiana
How many units are rented at Fair Market Rent (FMR) in Waterproof?
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 | 7 | 100 percent |
| One BR | 10 | 100 percent |
| Two BR | 14 | 74 percent |
Rental Units Below FMR in Waterproof, Louisiana
How many affordable rental units are in Waterproof?
There are a variety of federal affordable housing programs serving households in Waterproof, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Waterproof, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Waterproof, Louisiana
Waterproof features 34 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 Waterproof, Louisiana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waterproof.
Housing Choice Vouchers in Waterproof, Louisiana
On average, Section 8 Housing Choice vouchers pay Waterproof landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Waterproof.
The maximum amount a voucher would pay on behalf of a low-income tenant in Waterproof, Louisiana for a two-bedroom apartment is between $740 and $904.
Sourced from federal housing data and AffordableHousingOnline.com research.