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 | $880 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $32,831 | 3.35% | A+ |
| 3BR | $1,450 | $59,610 | 2.43% | A+ |
| 4BR | $1,530 | $76,979 | 1.99% | A+ |
U.S. Census Bureau data (2024)
The dynamics of the ZIP code 71108 in Shreveport, LA, reveal a market in motion, characterized by a delicate balance between supply and demand. The Fair Market Rent (FMR) set at $1020 for fiscal year 2024 contrasts with the actual market rent, known as the Zillow Observed Rent Index (ZORI), which stands at $831. This suggests that landlords have some flexibility in pricing, but there's also an indication of a competitive rental market.
The low price-cut share of 0.1% points to a relatively stable market where landlords are not frequently having to reduce their asking rents. However, the lack of day Days on Market (DOM) data leaves a gap in understanding how quickly units are being leased. The median home value in the area is $42,176, which is notably lower than the typical U.S. median, suggesting affordability but also potentially indicating less investment in property maintenance and improvement.
A key indicator of long-term housing pressure is the 63.3% renter share. This high percentage implies a significant portion of the population cannot afford homeownership, which could be due to various factors including income levels, job opportunities, and local economic conditions. For landlords and small-portfolio investors, this means a consistent demand for rental properties, but it also signals potential challenges in maintaining occupancy rates as competition for tenants increases.
In summary, the market in ZIP 71108 is one where the rental sector is robust and likely to remain so given the high renter share. Landlords can expect steady demand for rental properties, but they must be prepared to offer competitive rents and maintain quality standards to attract and retain tenants. The lower median home values suggest a need for cautious investment strategies, focusing on areas where appreciation is possible without overextending financial resources.
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.