FY2027 Small Area FMR · Shreveport, LA

ZIP 71118 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 71118 (Shreveport, LA) is $1,040 a month, down 6.3% from FY2026. That is 0% equal to the Shreveport-Bossier City, LA area-wide FMR of $1,045.

2-bedroom SAFMR$1,040per month ▼ 6.3%

Area-wide 2 BR FMR$1,045Shreveport-Bossier City, LA

Rank in the area22ndof 64 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$936

2 BR Small Area FMR$1,040

110% of SAFMR$1,144

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$830▼ 4.6%

1 BR$920▼ 6.1%

2 BR$1,040▼ 6.3%

3 BR$1,370▼ 6.2%

4 BR$1,440▼ 7.1%

FY2027 FY2026

Where 71118 sits in the Shreveport-Bossier City, LA area

Of the 64 ZIP codes HUD lists for the area, 71118 has the 22nd highest two-bedroom Small Area FMR. Shreveport-Bossier City, LA is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,045 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,040 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$830	$747 – $913	$832	$870
1 bedroom	$920	$828 – $1,012	$926	$980
2 bedrooms	$1,040	$936 – $1,144	$1,045	$1,110
3 bedrooms	$1,370	$1,233 – $1,507	$1,380	$1,460
4 bedrooms	$1,440	$1,296 – $1,584	$1,450	$1,550

A household renting a two-bedroom home at the Small Area FMR of $1,040 needs about $41,600 a year to keep housing costs at 30% of income. The area median family income is $79,200 and the 80% low-income limit for four people is $63,350. ZIP code 71118 lies mainly in Caddo Parish. See the Shreveport-Bossier City, LA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
71108	Shreveport	3.5 mi	$1,100
71106	Shreveport	4.0 mi	$1,000
71109	Shreveport	5.2 mi	$1,000
71129	Shreveport	6.4 mi	$1,000
71105	Shreveport	7.0 mi	$1,300
71103	Shreveport	7.0 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 71118?

HUD's FY2027 Small Area Fair Market Rents for 71118 are $830 (studio), $920 (1 BR), $1,040 (2 BR), $1,370 (3 BR) and $1,440 (4 BR) a month.

What is the Section 8 payment standard in 71118?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 71118 that range is $936 to $1,144 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 71118?

The FY2026 income limits of the Shreveport-Bossier City, LA area apply: median family income $79,200, low-income (80%) limit $63,350 for a family of four.