Section 8 Fair Market Rent (FMR) for ZIP 71105 - 2027

Location: Shreveport-Bossier City, LA | Metro: Shreveport-Bossier City, LA MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,040
1 Bedroom	$1,150
2 Bedrooms	$1,300
3 Bedrooms	$1,720
4 Bedrooms	$1,800
5 Bedrooms	$2,088
6 Bedrooms	$2,339
7 Bedrooms	$2,526
8 Bedrooms	$2,652

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

20,179

Median Household Income

$67,968

Housing Units

10,928

Renter Percentage

43.2%

Occupancy Rate

85.9%

Renter Occupied

4,055

Housing Authorities Serving ZIP 71105

HOUSING AUTHORITY OF SHREVEPORT (Shreveport, LA) - 4,017 Section 8 vouchers
Bossier Parish Section 8 Housing Authority (Bossier City, LA) - 988 Section 8 vouchers
Caddo Parish Commission (Shreveport, LA) - 145 Section 8 vouchers
Community Support Programs, Inc. (Shreveport, LA) - 58 Section 8 vouchers
Housing Authority of the City of Bossier City (Bossier City, LA)
Housing Authority of Vivian (Vivian, LA)
Housing Authority of the Town of Oil City (Oil City, LA)

ZIP code 71105, located in Shreveport, LA, is situated within the larger Shreveport-Bossier City, LA Metropolitan Statistical Area (MSA). The Fair Market Rent (FMR) for ZIP 71105 in fiscal year 2024 is set at $1250, which is slightly below the market rent of $1290. This indicates that the rental prices in this area are competitive and reflect a balance between affordability and market demand.

The median home value in ZIP 71105 stands at $196,531, which is lower than the typical home values found in other ZIP codes within the Shreveport-Bossier City MSA. This suggests that 71105 could be considered a value pocket within the metro, offering more affordable housing options compared to the broader market.

The renter share in ZIP 71105 is 43.2%, which is notably higher than the average renter share in the typical Shreveport-Bossier City MSA ZIPs. This high percentage of renters combined with below-average home values can signal an attractive opportunity for Section 8 investors. Landlords and small-portfolio investors should take note of the potential for subsidized housing tenants in this area.

To summarize, ZIP 71105 presents itself as a value pocket within the Shreveport-Bossier City, LA MSA. It offers relatively low home values and a slightly below-market FMR, while maintaining a higher-than-average renter share. These factors collectively make it a favorable location for those interested in Section 8 real estate investments.

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.