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There are 104 low-income apartments in Vermilion Parish that offer reduced rents to eligible households.
Rental assistance programs support 630 low-income homes in Vermilion Parish where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $278 towards rent each month.
Affordable rent data for some communities last confirmed on June 7th, 2024. Subdsidized rents typically change once a year based on federal guidance.
Vermilion Parish, Louisiana Affordable Housing Data
Income Based Apartments in Vermilion Parish, Louisiana
Vermilion Parish features 630 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 Vermilion Parish, Louisiana
There are 104 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Vermilion Parish.
Housing Choice Vouchers in Vermilion Parish, Louisiana
On average, Section 8 Housing Choice vouchers pay Vermilion Parish landlords $600 per month towards rent. The average voucher holder contributes $300 towards rent in Vermilion Parish.
The maximum amount a voucher would pay on behalf of a low-income tenant in Vermilion Parish, Louisiana for a two-bedroom apartment is between $740 and $904.
2024 Vermilion Parish, Louisiana Fair Market Rents and Housing Choice Voucher Payment Standards
Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.
| Studio | One BR | Two BR | Three BR | Four BR | |
|---|---|---|---|---|---|
| Vermilion Parish, Louisiana Fair Market Rent | $568 | $732 | $822 | $1,091 | $1,095 |
| Vermilion Parish, Louisiana Payment Standard Range | $511 to $625 | $659 to $805 | $740 to $904 | $982 to $1,200 | $986 to $1,205 |
Sourced from federal housing data and AffordableHousingOnline.com research.
Vermilion Parish, LA Affordable Housing Snapshot
| Total Affordable Apartment Properties | 14 |
|---|---|
| Total Low Income Apartments | 734 |
| Total Housing Units with Rental Assistance | 630 |
| Percentage of Housing Units Occupied By Renters | 24.77% |
| Average Renter Household Size | 2.71 |
| Average Household Size | 2.69 |
| Median Household Income | $45,374 ±$2,499 |
| Median Rent | $631 ±$32 |
| Percentage Of Renters Overburdened | 33.25% ± 5.3pp |
| Total Population | 59,110 |
Population and Household Demographics
Vermilion Parish is a county in Louisiana with a population of 59,110. There are 21,796 households in the county with an average household size of 2.69 persons. 24.77% of households in Vermilion Parish are renters.
Income and Rent Overburden in Vermilion Parish
The median gross income for households in Vermilion Parish is $45,374 a year, or $3,781 a month. The median rent for the county is $631 a month.
Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Vermilion Parish, a household making less than $2,103 a month would be considered overburdened when renting an apartment at or above the median rent. 33.25% of households who rent are overburdened in Vermilion Parish.
Area Median Income In Vermilion Parish
Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.
In Vermilion Parish, HUD calculates the Area Median Income for a family of four as $77,300
Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.
Rental Assistance in Vermilion Parish
Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.
Income Qualifications for HUD Rental Assistance in Vermilion Parish
| 1 Person | 2 Person | 3 Person | 4 Person | 5 Person | 6 Person | 7 Person | 8 Person | |
|---|---|---|---|---|---|---|---|---|
| 30% AMI Income Limits Renters earning up to 30% of the Vermilion Parish AMI may qualify for rental assistance programs that target Extremely Low Income households. |
$15,700 | $19,720 | $24,860 | $30,000 | $35,140 | $40,280 | $45,420 | $49,250 |
| 50% AMI Income Limits Renters earning up to 50% of the Vermilion Parish AMI may qualify for rental assistance programs that target Very Low Income households. |
$26,150 | $29,850 | $33,600 | $37,300 | $40,300 | $43,300 | $46,300 | $49,250 |
| 80% AMI Income Limits Renters earning up to 80% of the Vermilion Parish AMI may qualify for rental assistance programs that target Low Income households. |
$41,800 | $47,800 | $53,750 | $59,700 | $64,500 | $69,300 | $74,050 | $78,850 |
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