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 ZIP code 71166 is located in downtown Shreveport, LA, and serves primarily as a PO Box-only designation for the city's commercial corridor. Due to the nature of ZIP code 71166 being a PO Box-only area, specific demographic data such as population, percentage of renters, median income, and median home value are not available. However, we can focus on the rental market dynamics to provide insights relevant to Section 8 investors.
The Fair Market Rent (FMR) for ZIP code 71166 in fiscal year 2024 is set at $1030. This figure represents the benchmark for determining rental subsidies under the Section 8 program. Unfortunately, precise data on the market rent for this specific ZIP code is not readily available. Nonetheless, the FMR provides a reliable estimate for understanding the rental landscape in the area.
Given that ZIP code 71166 is focused on commercial spaces and PO boxes, it is likely to attract a diverse range of tenants, including those who might benefit from Section 8 vouchers. This makes the area suitable for hands-off voucher operators who are looking for stable cash flows without the need for extensive property management. For hands-on value-add buyers, the lack of residential data means that opportunities for significant improvements in the local rental market may be limited compared to more residential-focused areas.
In conclusion, ZIP code 71166 presents itself as a commercial-focused zone in downtown Shreveport, with the Fair Market Rent at $1030 guiding the potential for Section 8 investment. The absence of detailed residential metrics suggests a preference for passive investment strategies over active value-add initiatives.
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.