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 |
|---|---|---|---|---|
| 1BR | $890 | $45,241 | 1.97% | A+ |
| 2BR | $1,000 | $41,160 | 2.43% | A+ |
| 3BR | $1,320 | $153,928 | 0.86% | C |
| 4BR | $1,400 | $447,246 | 0.31% | F |
| 5BR | $1,624 | $690,434 | 0.24% | F |
U.S. Census Bureau data (2024)
The ZIP code 71106, located in Shreveport, Louisiana, presents an interesting scenario for both renters and landlords. The median income in this area is $81,452, which provides some financial cushion for residents. However, when considering the market rate for rent, which stands at $1,114 per month (ZORI), the situation becomes more nuanced.
To put this into perspective, let's compare the market rate to the federal voucher payment standard, known as Fair Market Rent (FMR), which is set at $970 per month for the fiscal year 2024. This means that renters who rely on housing vouchers have a significantly lower monthly rental budget compared to those paying market rates. The difference between the ZORI and the FMR highlights a notable affordability gap for low-income households in this area.
With 31.7% of the population being renters and a total population of 34,117, it's evident that there is a substantial demand for rental properties. However, the affordability gap suggests that landlords might face stiff competition when it comes to attracting tenants who can afford the market rate. On the other hand, landlords who accept housing vouchers will have access to a different pool of tenants, albeit with a slightly lower monthly income.
The takeaway for landlords considering their strategy in ZIP 71106 is straightforward: accepting housing vouchers can be a viable option to fill vacancies, especially in a competitive market. While the voucher rate is lower than the market rate, it ensures a steady stream of income and reduces the risk of vacancies. For landlords aiming to maximize profits, focusing on cash-paying tenants with higher incomes might be more advantageous, but they must be prepared to compete with other high-end rentals in the area.
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.