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 |
|---|---|---|---|---|
| 2BR | $1,000 | $67,999 | 1.47% | A |
| 3BR | $1,320 | $149,268 | 0.88% | C |
U.S. Census Bureau data (2024)
The real estate market in ZIP 71064, Plain Dealing, LA, presents a nuanced landscape for landlords and small-portfolio investors. With a median home value at $127,098, the area remains affordable compared to many other markets across the country. However, the absence of data on percentage of listings that have been reduced and the median days on market (DOM) indicates a stable housing market where neither buyers nor sellers are under significant pressure to adjust prices.
The Forward Monthly Rent (FMR) for ZIP 71064 in fiscal year 2024 is projected to be $910. This figure contrasts sharply with the current market rent of $511, according to the Census American Community Survey (ACS). The disparity suggests strong potential for rental income growth. Landlords can leverage this gap to increase rents gradually, aligning them more closely with the FMR without alienating tenants.
For long-term investors, the setup implies a cautious approach towards appreciation expectations. While the area's low median home value provides an entry point into the market, the lack of recent reductions and stable DOM indicate a balanced market. Without substantial economic drivers or population growth, it is unlikely that property values will experience rapid appreciation over the next 12-24 months. Instead, the focus should be on steady rental yields and the potential for long-term capital appreciation tied to broader economic trends.
Investors should also consider the local economy and job market, which play a crucial role in sustaining demand for both ownership and rental properties. Additionally, any planned infrastructure improvements or changes in zoning laws could impact future appreciation and rental rates. Monitoring these factors will provide insights into the market's evolving dynamics.
The current median home value and the potential for rental rate increases create a favorable environment for generating positive cash flows. However, appreciation expectations must be grounded in the reality of the local market conditions and broader economic outlook. Realistic appreciation theses should account for gradual, rather than explosive, growth in property values.
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.