Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Banks Springs CDP, Louisiana?
City · Census ACS 5-Year estimates
The median gross rent in Banks Springs CDP, Louisiana is $356/month (±$328), based on Census ACS 5-Year estimates (2024). The median home value is $80,700 (±$74,717), and the median household income is $26,232/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Banks Springs CDP, Louisiana
| Metric | Value |
|---|---|
| Median Gross Rent | $356 |
| Median Home Value | $80,700 |
| Median Household Income | $26,232 |
| Total Housing Units | 426 |
| Renter-Occupied Units | 264 |
| Renter-Occupied Share | 62% |
| Households Paying 50%+ Income | 60 households |
How does Banks Springs CDP, Louisiana compare?
Median gross rent ranked against all cities in Louisiana.
Higher rent than 1% of cities in Louisiana · 353th of 357
| # | City | Value |
|---|---|---|
| 1 | Point Place CDP | $2,697 |
| 2 | Red Chute CDP | $2,095 |
| 3 | Killian town | $2,086 |
| … 349 more … | ||
| 353 | Banks Springs CDP(you are here) | $356 |
| … 1 more … | ||
| 355 | Collinston village | $290 |
| 356 | Midway CDP | $252 |
| 357 | Greensburg town | $219 |
More data for Banks Springs CDP, Louisiana
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Frequently asked questions
What is the average rent in Banks Springs CDP, Louisiana?
The median gross rent in Banks Springs CDP, Louisiana is $356/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Banks Springs CDP, Louisiana?
The median rent for a 2-bedroom in Banks Springs CDP, Louisiana is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Banks Springs CDP, Louisiana?
The median home value in Banks Springs CDP, Louisiana is $80,700 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Banks Springs CDP are rent-burdened?
In Banks Springs CDP, Louisiana, 60 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Banks Springs CDP, Louisiana?
The median household income in Banks Springs CDP, Louisiana is $26,232/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $356 has a margin of error of ±$328. In very small areas, MOEs can be large relative to the estimate.
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