Location: Shreveport-Bossier City, LA | Metro: Shreveport-Bossier City, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 71078 reveals a market that is moderately positioned on both yield and stability axes. With a Fair Market Rent (FMR) of $1190 for the fiscal year 2024, it significantly outpaces the median market rent of $861, indicating a potential for higher rental yields. The disparity between FMR and market rent suggests an opportunity for landlords to command rents above the average without pricing themselves out of the market.
However, the stability of this area is somewhat compromised. Only 12.2% of the residents are classified as renters, which is a low percentage. This implies that there might be a smaller pool of potential tenants, leading to higher vacancy rates and increased competition among landlords. The median household income in the area is $86,042, which is a positive indicator for tenant financial stability and ability to pay rent. Yet, the lack of data on the number of days on market (DOM) for rentals suggests some uncertainty regarding how quickly properties can be leased.
The home value in ZIP 71078 stands at $354,517, which is considerably higher than the median household income, potentially deterring first-time buyers and keeping the rental market active. However, this also means that the property investment cost is high, which could affect the overall return on investment (ROI).
Based on these figures, ZIP 71078 leans towards being a moderate cash flow area rather than a high-yield/low-stability flip-style market. The higher-than-average rental rates suggest decent returns, but the relatively low percentage of renters and the unknown DOM factor introduce instability into the equation. For small-portfolio investors, this ZIP code requires careful consideration of the local rental demand and the ability to manage potential vacancies effectively.
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.