Location: Shreveport-Bossier City, LA | Metro: Shreveport-Bossier City, LA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $243,314 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP code 71007, located within the Shreveport-Bossier City, LA MSA, has a Federal Market Rent (FMR) of $1000 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors who wish to understand the subsidized rental market dynamics in this area.
The FMR serves as an upper limit on the rents charged to tenants participating in the Section 8 program. In comparison to other ZIP codes within the Shreveport-Bossier City, LA MSA, 71007 stands out due to its specific characteristics. The market rent data is currently unavailable for this ZIP, which makes it difficult to directly compare with non-subsidized rental rates. However, the FMR can be used as a proxy for understanding the subsidized rental environment.
The median home value in ZIP 71007 is $211,618. This is lower than the typical home values seen across the broader Shreveport-Bossier City, LA MSA, indicating that it might be considered a more affordable sub-market within the metro. Despite the lower home values, the renter share in 71007 is 14.4%, which is above average for the metro. A higher renter share combined with below-average home values often signals a strong presence of subsidized housing, such as Section 8 properties.
In summary, ZIP 71007 appears to be a value pocket within the Shreveport-Bossier City, LA MSA. It offers a relatively low FMR of $1000 for subsidized tenants, lower median home values compared to the metro, and a higher-than-average renter share. These factors suggest that it could be an attractive area for landlords interested in Section 8 properties, given the potential for a steady stream of tenants supported by federal subsidies.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.