Builders Patch | HousingCount: Louisiana affordable housing data and latest news
Louisiana
Summary
Louisiana state is facing an acute affordable housing crisis. For every 100 low-income renter households, there are 52 units available that are affordable to them. The median rent in the state has risen by 39% since 2010, while median household incomes have grown by 20%. Currently, the state is short over 73,293 low-income housing units, meaning rental units that are affordable to households earning ≤60% of AMI.
Key Statistics
- 33.3% share of renter households
- 41.5% share of low-income households
- 46.7% share of rent-burdened households
Renter population data
| Households | % share |
|---|---|
| Renter households | 582,830 |
| Homeowner households | 1,165,858 |
| Total households | 1,748,688 |
| Low-income renter households | - |
Renter households by income group
| Households | % share |
|---|---|
| Extremely low-income ≤30% AMI | 84,601 |
| Very low-income 31-50% AMI | 68,178 |
| Low-income 51-80% AMI | 88,890 |
| All low-income households <80% AMI | 241,669 |
Rent-burdened households
| Households | % share |
|---|---|
| Moderately rent-burdened | 126,334 |
| 30.0–34.9% | 43,112 |
| 35.0–39.9% | 34,721 |
| 40.0-49.9% | 48,501 |
| Severely rent-burdened | 145,916 |
| All rent-burdened households | 272,250 |
Affordable housing shortage
Median household income
| Year | Amount ($) |
|---|---|
| 2010 | 25,592 |
| 2021 | 30,675 |
| Increase (2010–2021) | 19.9% |
Median rent
| Year | Amount ($) |
|---|---|
| 2010 | 540 |
| 2021 | 748 |
| Increase (2010–2021) | 38.5% |
Affordable housing stock
Supply, demand & shortage
| Units | Number |
|---|---|
| Supply (current stock) | 79,486 |
| Demand (total units needed) | 152,779 |
| Shortage | 73,293 |
| Total shortage | 73,293 |
| Supply/Demand ratio | 52.0% |
Finance institutions
Louisiana Housing Corporation
Address: 2415 Quail Drive, Baton Rouge, LA 70808
List of loan programs
- LOW-INCOME HOUSING TAX CREDIT (LIHTC) PROGRAM
- MULTIFAMILY REVENUE BONDS
- Nonprofit Open Cycle Affordable Housing Program (NOAH)
- CHDO Annual Awards Program (CHAAP)
- HOME
- HOUSING TRUST FUND
- CDBG
- COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO)
Housing news
September 19, 2024 - Fast Company
How Fed Rate Cuts Impact the Housing Market
The Federal Reserve’s recent rate cuts will influence the housing market, but the effects won't be immediate. Key Takeaways:
- Lower Mortgage Rates: Fed rate cuts have reduced the average 30-year mortgage rate from a peak of 7.79% to around 6.2%.
- Ongoing Supply Issues: Despite lower rates, housing supply shortages persist, especially in high-demand areas.
June 26, 2024 - New York Post
Housing market won’t come ‘unstuck’ until 2026, economists predict
Economists predict the housing market won't recover until at least 2026, mainly due to high inflation and mortgage rates.
May 15, 2024 - US News
States With the Largest Homeless Populations
In 2023, the number of homeless individuals in the U.S. reached approximately 653,000, representing a significant increase compared to 2020.
June 11, 2024 - NBC News
The homebuying affordability gap is widening across the country
Currently, only 63% of counties are affordable for median-income households, down from 94% in 2019.
July 15, 2024 - The Washington Post
Homelessness appears to be worsening among workers
More employed people are unable to afford housing due to high rents, forcing many into precarious living situations.
Shortage statistics for ELI & VLI renters
List of counties
- County statistics coming soon...
Housing news
Latest updates
- September 19, 2024 - Fast Company
- June 26, 2024 - New York Post
- May 15, 2024 - US News
- June 11, 2024 - NBC News
- July 15, 2024 - The Washington Post
Housing Count
Builders Patch Inc. © 2025 – All rights reserved.