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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $28,408 | 3.52% | A+ |
| 3BR | $1,320 | $33,257 | 3.97% | A+ |
U.S. Census Bureau data (2024)
To integrate ZIP 71103 into a Section 8 portfolio strategy, consider it primarily as an appreciation play. The zip code, located in Shreveport, LA, within the Shreveport-Bossier City, LA MSA metro area, offers several key indicators that support this approach.
The Fair Market Rent (FMR) for ZIP 71103 in fiscal year 2024 is set at $960, while the current market rent stands at $824. This suggests a potential undervaluation of rental properties in the area, which can be capitalized on as market rents adjust upwards over time to align with the FMR. Additionally, the median home value in ZIP 71103 is $28,552, indicating that property values could rise as the local economy improves and demand for housing increases.
The low 0.1% price-cut share and N/A-day Days on Market (DOM) suggest that properties in this area are selling without significant discounts and are likely moving quickly once listed. This stability and speed in the market imply that there is a consistent demand for housing, which is favorable for long-term appreciation.
ZIP 71103 also has a high 54.9% renter share, meaning a majority of residents are tenants rather than homeowners. This characteristic makes the area attractive for rental investments, particularly those aligned with Section 8 programs, as there is a substantial pool of potential tenants who rely on rental housing. Furthermore, the median income of $27,380 aligns well with the eligibility requirements for Section 8, ensuring a steady stream of qualified applicants.
The spread between the FMR and the market rent, along with the high renter share and median income levels, points towards ZIP 71103 being a solid appreciation play. Landlords and small-portfolio investors should expect modest but stable growth in property values and rental income over time, making it a reliable component of their investment strategies.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.