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 | $41,157 | 2.43% | A+ |
| 3BR | $1,320 | $47,525 | 2.78% | A+ |
U.S. Census Bureau data (2024)
The ZIP code 71101 in Shreveport, LA, stands out due to its unique demographic and economic characteristics. With a population of 6,415 residents, this area has a high rental rate of 67.9%, indicating a strong demand for affordable housing options. The median income in ZIP 71101 is relatively low at $19,351, which is significantly below the national average, while the median home value is $45,789, suggesting that homeownership is still accessible despite the lower incomes.
The economic landscape of ZIP 71101 is heavily influenced by the Section 8 voucher program. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $910, whereas the market rent, measured by the ZORI (Zillow Observed Rent Index), is $744. This difference highlights the importance of the Section 8 program in providing subsidized rental assistance to those who cannot afford market rates. Landlords and small-portfolio investors should be aware of these figures, as they can impact the decision to accept vouchers and the overall financial viability of their properties.
Given the data signature of ZIP 71101, it appears to be a stable market. The high percentage of renters indicates a consistent demand for rental units, and the relatively low median home value suggests that homeownership remains attainable for many residents. However, the disparity between the FMR and the ZORI market rent underscores the ongoing need for affordable housing solutions, such as the Section 8 program, to support the local community. For landlords and investors, this stability offers an opportunity to provide much-needed housing while ensuring a steady income stream through the voucher program.
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.