What HUD offices serve West Monroe, 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 West Monroe.
How many renters live in West Monroe, Louisiana?
The City of West Monroe has 12,987 people living in 5,153 households.
There are 7,697 renters living in 2,981 renter households in this City. Renters make up 59.27 percent of the population living in West Monroe.
What is the rental market like in West Monroe, Louisiana?
There are an estimated 6,158 housing units in the West Monroe area. Of these, 3,494 units are rental homes, making up 57 percent of the housing market. For every renter household in West Monroe, Louisiana, there are 1 rental units.
What is the vacancy rate for rentals in West Monroe?
The rental vacancy rate in West Monroe 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 West Monroe for each bedroom size?
Occupied Rental Units by Size in West Monroe
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 187 | 558 | 1,115 | 941 | 171 |
Occupied Rental Units by Size in West Monroe
A large number of apartments in West Monroe 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 West Monroe are overburdened by housing costs?
Among renter households in this market, 44 percent have housing cost burden. Further, 29 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 West Monroe
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $753 to $1,325. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $753 |
| One BR | $757 |
| Two BR | $995 |
| Three BR | $1,245 |
| Four BR | $1,325 |
2024 Fair Market Rents in West Monroe, Louisiana
How many units are rented at Fair Market Rent (FMR) in West Monroe?
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 | 109 | 58 percent |
| One BR | 403 | 72 percent |
| Two BR | 872 | 78 percent |
Rental Units Below FMR in West Monroe, Louisiana
How many affordable rental units are in West Monroe?
There are a variety of federal affordable housing programs serving households in West Monroe, Louisiana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 182 |
Tracked Units by Federal Program in West Monroe, Louisiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in West Monroe, Louisiana
West Monroe features 96 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 West Monroe, Louisiana
There are 424 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in West Monroe.
Housing Choice Vouchers in West Monroe, Louisiana
On average, Section 8 Housing Choice vouchers pay West Monroe landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in West Monroe.
The maximum amount a voucher would pay on behalf of a low-income tenant in West Monroe, Louisiana for a two-bedroom apartment is between $896 and $1,095.
Sourced from federal housing data and AffordableHousingOnline.com research.
