Location: Shreveport-Bossier City, LA | Metro: Shreveport-Bossier City, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
The analysis of ZIP code 71113 within the Shreveport-Bossier City, LA MSA reveals several key points for landlords and small-portfolio investors.
The rent math does not work favorably due to the lack of available market rent data. However, the Fair Market Rent (FMR) set at $1240 for the fiscal year 2024 can serve as a benchmark for rental pricing. Without specific market rent figures, it's challenging to determine if the FMR aligns with what tenants are willing to pay in this area.
Regarding acquisition affordability, the absence of specific data on median home values, days on market (DOM), and the percentage of homes that have been subject to price cuts makes it difficult to provide a comprehensive assessment. Landlords and investors would need to seek out current real estate listings and local market reports to understand the dynamics of property acquisition in this ZIP code.
Tenant demand is also unclear without specific population and renter share data. These metrics are crucial for gauging how many potential tenants are in the area and whether they prefer renting over owning a home. Without this information, it's hard to predict the occupancy rates and stability of rental income.
In conclusion, while the FMR provides a guideline for rental pricing at $1240, the lack of detailed market data hinders a thorough analysis of acquisition costs and tenant demand in ZIP code 71113. Investors should conduct further research into local real estate trends and demographic information to make informed decisions about investing in this area.
Data Sources: FMR data from HUD (2027).
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.