Location: Shreveport-Bossier City, LA | Metro: Shreveport-Bossier City, LA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 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 |
ZIP code 71134 in Louisiana lacks comprehensive demographic data, including population size, percentage of renters, and median household income. This scarcity of information makes it challenging to provide a detailed analysis of the tenant pool based on Section 8 vouchers.
Despite the missing data points, it is possible to infer some aspects of the rental market. The Fair Market Rent (FMR) for the area is set at $1030 per month for FY 2024. Without specific local market rent figures, we can use the FMR as a benchmark to understand the potential depth of voucher demand.
In areas where the FMR is a significant portion of the median household income, it often indicates that a higher percentage of residents rely on housing assistance such as Section 8 vouchers. However, since the median household income for ZIP 71134 is not available, it's impossible to calculate the exact percentage of income that goes towards rent. Generally, if the median income is lower than the national average, the reliance on vouchers could be higher.
To better assess whether ZIP 71134 is renter-heavy or dominated by homeowners, additional research would be necessary. Typically, in renter-heavy ZIP codes, there is a larger demand for affordable housing options, which can lead to a greater utilization of Section 8 vouchers. Conversely, in areas where homeownership is more prevalent, fewer residents might need or use vouchers.
A landlord in ZIP 71134 should prepare for a tenant pool that likely includes individuals who depend on Section 8 vouchers due to the area's potentially lower income levels. These tenants will have their rent subsidized up to the $1030 FMR threshold, making it important for landlords to ensure that their properties meet the necessary quality standards and are registered with the appropriate housing authorities to accept vouchers.
Given the limited data, landlords should also be aware of the broader economic context of the region, as this can influence the overall demand for rental properties and the effectiveness of Section 8 vouchers in covering typical rents. Engaging with local real estate agents or housing authorities could provide more insights into the specific dynamics of the rental market in ZIP 71134.
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.