Location: Shreveport-Bossier City, LA | Metro: Shreveport-Bossier City, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,250 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,070 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
U.S. Census Bureau data (2024)
In ZIP code 71110, there are several factors that could pose challenges for a Section 8 landlord. First, the tenant turnover rate is a significant concern. With a market rent of $1,746 compared to the Fair Market Rent (FMR) of $1,610 for FY 2024, landlords may experience higher turnover as tenants seek more affordable options. This turnover can lead to increased costs associated with finding new tenants, such as advertising, screening, and preparation of the property for new occupants.
Vacancy exposure is another risk factor. The Days on Market (DOM) figure is currently unavailable, which makes it difficult to predict how long a unit might remain vacant between tenancies. Vacant units represent lost rental income, and without a clear understanding of the local market's vacancy rates, landlords must be prepared for potential financial strain during these periods.
The deferred-maintenance exposure is also noteworthy. Although the typical home value in the area is not specified, the median household income of $62,647 suggests that residents may have limited funds available for maintenance beyond basic living expenses. Landlords should anticipate the need to cover any repairs or upgrades themselves, potentially leading to higher operational costs.
However, these risks must be weighed against the high renter share of 98.9%. This statistic indicates a densely populated rental market, which typically translates into robust demand for housing vouchers. High renter density reduces the likelihood of prolonged vacancies and ensures a steady stream of potential tenants, even if they require assistance through Section 8 programs.
In conclusion, despite the challenges posed by tenant turnover, vacancy exposure, and deferred-maintenance needs, the strong rental market presence in ZIP 71110 mitigates some of these risks. The high renter share supports a vibrant demand for subsidized housing, making the overall risk for a first-time Section 8 landlord moderate.
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.