Section 8 Fair Market Rent (FMR) for ZIP 71109 - 2027

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

Investment Score for ZIP 71109

A+

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$32,180

1% Rule

3.11%

Annual Yield

37.29%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

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

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$890	$27,376	3.25%	A+
2BR	$1,000	$32,180	3.11%	A+
3BR	$1,320	$44,572	2.96%	A+
4BR	$1,400	$63,719	2.2%	A+

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

17,412

Median Household Income

$32,939

Housing Units

9,157

Renter Percentage

58.3%

Occupancy Rate

80.9%

Renter Occupied

4,321

The ZIP code 71109, located in Shreveport, Louisiana, is characterized by a mix of urban and suburban living, offering affordable housing options to both renters and homeowners. The area is served by public transportation and has access to various amenities including shopping centers, parks, and schools, making it attractive for families and individuals seeking a cost-effective lifestyle.

Fair Market Rent (FMR) for ZIP 71109 in fiscal year 2024: The FMR, set at $990, indicates the maximum amount that landlords can charge for a two-bedroom apartment under the Section 8 program.
Market Rent (ZORI): At $758, the Zillow Observed Rental Index (ZORI) shows the average rent price for properties in the area, suggesting that the market rent is below the FMR, which could be advantageous for landlords participating in the Section 8 program.
Median Home Value: With a median home value of $35,585, the area is particularly appealing for first-time buyers and investors looking for low-cost entry points into the real estate market.
Renter Share: 58.3% of the population in ZIP 71109 are renters, indicating a strong demand for rental properties and potentially steady cash flow for landlords.
Median Income: The median household income is $32,939, which aligns well with the affordability of the FMR and ZORI rates, supporting the viability of the rental market in this area.

In summary, ZIP 71109 presents a favorable investment landscape for real estate investors, especially those interested in the Section 8 program. The discrepancy between the ZORI and FMR suggests potential for higher returns on rental properties compared to the general market. Additionally, the high renter share and relatively low median home values indicate a robust rental demand and opportunities for property appreciation, making it a strategic choice for landlords and small-portfolio investors.

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.