FMR is below market; voucher rent may lag private rents.
0.64
1 BR
1 BR
0.72ratio
FMR$890
Market$1,230
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.72
2 BR
2 BR
0.63ratio
FMR$1,000
Market$1,590
vs market-$590
FMR is below market; voucher rent may lag private rents.
0.63
3 BR
3 BR
0.69ratio
FMR$1,320
Market$1,920
vs market-$600
FMR is below market; voucher rent may lag private rents.
0.69
4 BR
4 BR
0.60ratio
FMR$1,400
Market$2,330
vs market-$930
FMR is below market; voucher rent may lag private rents.
0.60
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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ZIP 71166 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 71166 (Shreveport, LA) is $1,000 a month. That is down 6.5% from $1,070 in FY 2026. Shreveport is in the Shreveport-Bossier City, LA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,045. Among 39 ZIP codes in Caddo Parish, 71166 is tied for the 10th-highest two-bedroom rent (county range $1,000–$1,300).
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 71166
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$840
$800
−4.8%
$720–$880
1BR
$950
$890
−6.3%
$801–$979
2BR
$1,070
$1,000
−6.5%
$900–$1,100
3BR
$1,400
$1,320
−5.7%
$1,188–$1,452
4BR
$1,490
$1,400
−6.0%
$1,260–$1,540
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 71166
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$800
$890
$1,000
$1,320
$1,400
FY 2026
$840
$950
$1,070
$1,400
$1,490
FY 2025
$740
$860
$980
$1,270
$1,340
FY 2024
$750
$890
$1,030
$1,300
$1,430
FY 2023
$670
$820
$960
$1,200
$1,320
Questions about ZIP 71166 rents
How much will Section 8 pay for a two-bedroom in ZIP 71166?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,045, which applies unless the housing authority uses Small Area FMRs, that basic range is $941 to $1,150 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 71166 in?
ZIP 71166 is in the Shreveport-Bossier City, LA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,045.
How much did fair market rent change in ZIP 71166 for FY 2027?
The two-bedroom FMR fell 6.5%, from $1,070 in FY 2026 to $1,000 in FY 2027. Since FY 2023 it has risen 4.2%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set