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 | $940 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,250 | $138,249 | 0.9% | C |
| 3BR | $1,620 | $243,285 | 0.67% | D |
U.S. Census Bureau data (2024)
The potential risks for a first-time Section 8 landlord in ZIP code 71051, Elm Grove, LA, include significant tenant turnover, especially when comparing the market rent to the Fair Market Rent (FMR) set at $1610 for FY 2024. The lack of data on market rent makes it challenging to gauge the financial impact accurately, but if market rents are significantly higher, tenants may struggle to afford them outside of the Section 8 program.
Vacancy exposure is another concern due to the absence of data on days on market (DOM). This uncertainty can lead to prolonged vacancies, affecting cash flow and profitability. With a typical home value of $219,573 and a median income of $85,331, there is a risk of deferred maintenance. Landlords must be prepared to invest in property upkeep, as lower-income residents might not have the resources to maintain homes to the standards required by the Section 8 program.
Despite these challenges, the high renter share of 23.4% suggests a robust demand for rental properties, which typically translates into a higher demand for housing vouchers. This strong rental market can mitigate some of the risks associated with tenant turnover and vacancy rates, providing a steady stream of qualified applicants.
In conclusion, the overall risk for a first-time Section 8 landlord in ZIP 71051, Elm Grove, LA, is moderate. While there are notable risks related to tenant turnover and deferred maintenance, the high renter share offers a substantial buffer against prolonged vacancies and low occupancy rates.
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.