Location: Shreveport-Bossier City, LA | Metro: Shreveport-Bossier City, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,420 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
ZIP code 71030, located within the Shreveport-Bossier City, LA MSA, presents an interesting case when compared to typical ZIP codes in the same metropolitan area. The Fair Market Rent (FMR) for ZIP 71030 is set at $1070 for fiscal year 2024, which is higher than the average market rent of $502. This suggests that there might be a significant number of subsidized housing units in the area, driving up the FMR due to government assistance.
The lack of available data on home values indicates that residential property ownership might not be as prevalent or tracked as closely in this ZIP code, possibly pointing towards a higher concentration of rental properties. With a 21.8% renter share, ZIP 71030 has a notably higher percentage of renters compared to the broader metropolitan area, which typically has a lower renter share. This high renter share combined with the disparity between FMR and market rent strongly implies that ZIP 71030 could be considered a Section 8 sweet spot.
In summary, ZIP 71030 stands out as a potential value pocket within the Shreveport-Bossier City, LA MSA, characterized by a higher proportion of rental properties and likely a greater presence of Section 8 tenants. Landlords and small-portfolio investors should consider the advantages of this environment, including steady rental income supported by government subsidies, despite the lower market rents indicating generally affordable housing costs.
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.