Location: Shreveport-Bossier City, LA | Metro: Shreveport-Bossier City, LA MSA
| 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 |
U.S. Census Bureau data (2024)
0.0% of the residents in ZIP code 71009 are renters, indicating a predominantly owner-occupied market. This statistic suggests that landlords should carefully consider their investment strategy, focusing on areas with higher rental demand for better returns. $45,750 stands as the median income for this region, providing insight into the financial capacity of potential tenants or buyers. While the market rent and median home value are not available, the $1030 Fair Market Rent (FMR) for zip code 71009 in fiscal year 2024 offers a benchmark for rental pricing. The lack of data on days on market (DOM) and the percentage of price-cut share indicates stability in the housing market, but also a lack of recent transactional activity which could affect liquidity. For those interested in Section 8 participation, the $45,750 median income figure is crucial, as it helps determine the eligibility threshold for tenants seeking assistance. Given the low renter share and the stable yet inactive housing market, landlords might find limited opportunities for traditional rentals. However, the presence of the Section 8 program can still provide a steady stream of income for those willing to participate. With the FMR set at $1030, properties priced around this amount would be attractive to Section 8 tenants. In conclusion, while the overall rental market in ZIP 71009 is not robust, Section 8 remains a viable option for landlords looking to capitalize on government-assisted housing programs.
Verdict: Section 8 is a reliable alternative in ZIP 71009 due to low renter share and limited market activity.
Data Sources: FMR data from HUD (2027). 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.