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: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,100 | $146,510 | 0.75% | D |
| 3BR | $1,450 | $194,967 | 0.74% | D |
| 4BR | $1,530 | $278,985 | 0.55% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 71119 in Shreveport, Louisiana, for fiscal year 2024 is set at $1110. This figure represents the maximum amount that a landlord can charge for rent under the Section 8 program, which is a government subsidy to help low-income families afford housing. It's important to note that this is not the actual rent you'll receive; it's the benchmark against which your rental property must be priced.
In comparison, the average rent for a two-bedroom apartment in the same area is $1177, according to recent Census American Community Survey (ACS) data. This means that while your rental price might be slightly below the market average, it still aligns closely with typical rental costs in the area. The difference of $67 between the FMR and the local average rent should be considered when setting your rental price for Section 8 tenants.
The rental share in ZIP 71119 is 26.7%, indicating that nearly one in four residents are renters. This suggests a reasonable demand for rental properties, including those participating in the Section 8 program. However, it also means competition exists among landlords offering subsidized housing.
If you're looking to acquire a new rental property in this area, the median home value is approximately $187,783. This gives you an idea of the investment required to enter the market. Keep in mind that the FMR will cover only the portion of the rent that exceeds 30% of the tenant's income, so your actual rental income may vary based on the tenant's earnings.
Before proceeding with your first Section 8 rental in ZIP 71119, ensure that your property meets all the necessary quality standards. The Housing Quality Standards (HQS) inspection is mandatory and will determine whether your property is eligible for the program. Failure to meet these standards can result in disqualification, regardless of the property's value or location.
To summarize, the FMR of $1110 sets the limit for your rental price under Section 8, and the local average rent of $1177 provides context for how competitive your pricing will be. With 26.7% of residents being renters, there is a steady demand for affordable housing. The median home value of $187,783 indicates the investment needed. But remember, the key to getting started is passing the HQS inspection to confirm your property's eligibility.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.