Average Rent in Assumption Parish, LA↓ Rents falling 22.7% YoY🔻 3rd cheapest in LA
HUD FY2021 · Official government data · Updated annually · Metro pop. 20,720
Market Overview
Assumption Parish, LA has rental prices ranging from $602/month to $1,132/month in 2021, depending on unit size. The typical 1-bedroom apartment rents for $675/month — 52% below the national average of $1,400/month. With a median household income of $52,546/year, spending $675/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.
How Assumption Parish Compares
With an average 2-bedroom rent of $769/month, Assumption Parish ranks #45 most expensive of the 47 cities tracked in Louisiana — more affordable than 98% of all US cities in our data.
The Assumption Parish Rental Market
The Assumption Parish, LA area has a population of about 20,720 and 15% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Assumption Parish, LA have fallen by $226/month (22.7%) over the past year, from $995 to $769. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.
Affordability
To afford a 1-bedroom apartment in Assumption Parish, LA without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $27,000. The local median household income of $52,546 exceeds that threshold by $25,546, making Assumption Parish relatively accessible compared to local wages.
Economy & Jobs
Assumption Parish, LA has an unemployment rate of 4.3%, 0.4 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.
Fair Market Rents
HUD FY2021Is Assumption Parish, LA Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in LAlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| New Orleans | $1,071 | $1,236 | $1,478 | $1,889 | — |
| Baton Rouge | $1,063 | $1,081 | $1,222 | $1,528 | — |
| Lafayette | $740 | $930 | $1,052 | $1,322 | — |
| Shreveport | $767 | $892 | $1,017 | $1,317 | — |
| Lake Charles | $871 | $877 | $1,144 | $1,383 | — |
| Morehouse Parish | $684 | $688 | $903 | $1,188 | — |
Rent or Buy in Assumption Parish?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Assumption Parish data
Renting appears to be the better financial choice for this scenario.
Living in Assumption Parish
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Assumption ParishSalary needed to afford rent here
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