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 | $930 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,170 | $107,417 | 1.09% | B |
| 3BR | $1,550 | $175,616 | 0.88% | C |
U.S. Census Bureau data (2024)
The ZIP code 71060, located in Mooringsport, Louisiana, represents an area where rental properties can attract a significant portion of tenants eligible for Section 8 housing vouchers. With a population of 2,400, 17.9% of residents are renters, indicating that approximately 430 individuals or households rely on renting their homes. This percentage suggests a moderate demand for rental properties, but it's not a renter-heavy area.
The median household income in this ZIP is $61,417. A market rent of $950 means that typical rent consumes about 18.7% of the median income. This calculation is derived from dividing the market rent by the annual income ($950 / ($61,417 / 12)), which is relatively manageable for most renters. However, the Federal Market Rent (FMR) for the area is set at $1150 for FY 2024, suggesting that landlords could potentially charge higher rents if they meet certain quality standards.
The discrepancy between the market rent and the FMR highlights the potential for landlords to adjust their rental rates. Given that the FMR is higher, landlords who offer well-maintained and up-to-date properties may find themselves able to command rents closer to the FMR without significantly deterring potential tenants. This is especially true considering that the FMR is designed to reflect a reasonable cost of living while ensuring affordability for voucher holders.
A landlord in ZIP 71060 should expect tenants who are likely to be heavily reliant on Section 8 vouchers due to the income levels and the availability of rental units. The majority of these tenants will be low-income families or individuals who need assistance to afford decent housing. They will be looking for properties that provide good value for their voucher amount, often prioritizing basic amenities and maintenance over luxury features.
To summarize, ZIP 71060 presents a moderate opportunity for landlords interested in Section 8 tenants. While it is not a renter-heavy area, there is sufficient demand for rental properties, especially those that cater to the needs of low-income families and individuals. Landlords should focus on providing well-maintained units that offer a good balance between affordability and quality, aligning closely with the FMR to ensure their properties remain attractive to voucher recipients.
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.