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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $112,975 | 0.89% | C |
| 3BR | $1,320 | $258,900 | 0.51% | F |
| 4BR | $1,400 | $332,855 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 71033 in Bethany, Louisiana, stands out within Caddo Parish County due to its relatively low number of residents at 3,297, coupled with a modest rental rate of 11.9%. The median income in this area is $54,243, which is fairly typical for the region, but the median home value of $238,826 is notably higher. This suggests that while there are fewer renters, those who do rent might have access to more affordable housing options relative to homeownership costs.
Moving into the voucher economics, the Fair Market Rent (FMR) for ZIP 71033 has been set at $1,160 for fiscal year 2024. However, the actual market rent, as reported by the Census American Community Survey, is significantly lower at $485. This substantial gap between the FMR and the market rent indicates a potential opportunity for landlords to benefit from Section 8 vouchers without having to compromise on rental rates. Landlords can set their rents closer to the FMR, thereby attracting tenants with vouchers while still maintaining competitive pricing in the local market.
The data signature for ZIP 71033 reads as stable. With a steady median income and a high median home value, it suggests a community where homeownership is valued and maintained. The modest rental rate also points towards a stable environment, with fewer fluctuations in the rental market. For small-portfolio investors and landlords, this stability means less risk and more predictable cash flows when considering investments or managing properties in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.