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 |
The classification of ZIP code 71149 in Unknown, LA, on the yield and stability axes reveals important insights for landlords and small-portfolio investors.
Yield: The Fair Market Rent (FMR) for ZIP 71149 in fiscal year 2024 is set at $1030. This figure indicates the maximum amount that can be charged for a rental property under the Section 8 program. Given the lack of specific market and home value data, we rely heavily on the FMR to assess potential rental income. At $1030, the yield is moderate compared to other regions, suggesting a balance between rental rates and the local housing market conditions.
Stability: Without detailed data on the percentage of renters, days on market (DOM), and median income, it's challenging to fully gauge the stability of the market. However, the presence of the Section 8 program, which guarantees rent through vouchers, implies a relatively stable tenant base. The FMR also serves as a benchmark for affordability, which can contribute to lower turnover rates and increased stability.
Based on the available information, ZIP 71149 appears to be a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The guaranteed rental income through the Section 8 program at $1030 suggests a reliable but not exceptionally high return on investment. Stability is likely supported by the voucher program, though precise metrics are unavailable.
To make a more informed decision, consider researching additional local economic indicators such as unemployment rates and population growth trends. These factors can provide a clearer picture of the overall market stability and potential for consistent cash flow.
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.