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)
The classification of ZIP code 71049 hinges on the interplay between its yield potential and stability metrics. With a Fair Market Rent (FMR) of $910 for the fiscal year 2024, compared to a mere $497 for market value, it's evident that the rental market outstrips the purchase price significantly. This stark difference suggests a high-yield environment, particularly appealing to landlords and small-portfolio investors looking to maximize their returns on investment through rental income.
However, the stability of the area is less robust. Only 24.3% of residents are renters, which indicates a lower demand for rental properties relative to other areas. The lack of data regarding days on market (DOM) makes it challenging to assess the speed at which properties can be rented out, adding an element of uncertainty. Additionally, the median household income stands at $37,455, which is relatively low and could impact the ability of tenants to consistently pay rent, thereby affecting the stability of cash flow.
Given these factors, ZIP 71049 leans towards being a high-yield but low-stability market. The high FMR-to-market-value ratio signals strong rental income potential, but the lower percentage of renters and modest median income levels suggest that the market might be more suited for short-term investments or flipping rather than long-term, steady cash flow. Investors should consider the risk associated with tenant payment reliability and the potentially slower turnover of rental units when evaluating this ZIP code.
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.