Section 8 Fair Market Rent (FMR) for ZIP 71129 - 2027

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

Investment Score for ZIP 71129

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$117,580

1% Rule

0.85%

Annual Yield

10.21%

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: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,000	$117,580	0.85%	C
3BR	$1,320	$216,067	0.61%	D
4BR	$1,400	$291,347	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

12,845

Median Household Income

$51,013

Housing Units

6,774

Renter Percentage

37.7%

Occupancy Rate

84.6%

Renter Occupied

2,163

The ZIP code 71129, located in Shreveport, Louisiana, offers a balanced market for both rental and homeownership opportunities. The area is characterized by a mix of residential neighborhoods that cater to various demographics, including families and young professionals. This analysis will provide insights into the current and projected rental market conditions, home values, and demographic trends to help landlords and small-portfolio investors make informed decisions.

The Fair Market Rent (FMR) for a two-bedroom apartment in ZIP 71129 for fiscal year 2024 is set at $1000. This figure serves as a benchmark for landlords and can be used to adjust rental prices accordingly.
The actual market rent for a similar unit, according to the latest Census American Community Survey (ACS), is slightly lower at $920. This indicates a competitive market where landlords need to balance affordability with profitability.
The median home value in ZIP 71129 stands at $198,028, reflecting a relatively affordable housing market for potential homeowners.
Renters make up 37.7% of the population in this area, suggesting a substantial demand for rental properties. However, the majority still prefer owning their homes, which could influence investment strategies.
The median household income in the region is $51,013, providing context on the economic stability and purchasing power of residents.
Data on days on market (DOM) for rentals is currently N/A, indicating either a lack of recent listings or a rapidly changing market where properties are quickly leased.

Synthesizing these points, investors in ZIP 71129 should expect a moderately competitive rental market with a slight edge towards affordability. The FMR being higher than the market rent suggests room for price adjustments but also highlights the importance of maintaining competitive rates to attract tenants. Given the significant renter share and the median income levels, there is a steady demand for rental units, particularly those priced around $920 to $1000 for a two-bedroom apartment. Landlords and small-portfolio investors should focus on offering well-maintained, affordable units to capitalize on this demand. Additionally, the median home value indicates that the area is also suitable for those interested in flipping or long-term buy-and-hold strategies in the homeownership sector.

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.