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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $130,468 | 1.01% | B |
U.S. Census Bureau data (2024)
The market in ZIP code 71061 presents a dynamic environment characterized by specific metrics that offer insight into its current state. The Fair Market Rent (FMR) for the area is set at $910 for the fiscal year 2024, which indicates the government's benchmark for rental affordability. However, the actual market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at $445. This suggests a significant gap between the FMR and the market rate, implying that the current rents are below what might be considered fair market value.
The median home value in the area is $96,155, which is relatively low compared to national averages, pointing towards an affordable housing market. While the exact percentage of homes experiencing price cuts and the days on market (DOM) are not available, the lower-than-FMR market rent could suggest that there is a surplus of rental units, indicating that supply may currently outpace demand. Landlords and small-portfolio investors should be cautious when setting rental prices to ensure they remain competitive while still reflecting the true value of their properties.
A key metric to consider is the 49.4% renter share in the ZIP code. This figure tells us that nearly half of the households are renters, which can exert long-term housing pressure on the market. A high renter share often means a steady demand for rental properties, as many residents are unlikely to purchase homes due to financial constraints or other factors. This scenario can benefit investors who are looking to capitalize on a consistent rental market, but it also implies that any significant increase in mortgage rates or home prices could push more residents into renting, further increasing the pressure on the rental market.
In summary, ZIP 71061 is a market where the current rents are below the government's benchmark, suggesting potential oversupply. The low median home value and high renter share indicate an affordable housing market with ongoing housing pressure, which can create both opportunities and challenges for landlords and investors. Understanding these dynamics is crucial for making informed decisions about property management and investment strategies.
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.