Department of Numbers

Shreveport Louisiana Residential Rent and Rental Statistics

The median monthly gross residential rent in Shreveport, LA (the Shreveport-Bossier City metro area) was $754 in 2015 according to the Census ACS survey.1 Average gross rent in Shreveport was $734 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Shreveport median and average rent data will be released in September of 2017.

Data is also available below for Shreveport rental vacancy rates, Shreveport rent as a percent of median income and the fraction of renters in Shreveport.

Show dollars as: Nominal Real

Real Gross Rent in Shreveport Louisiana (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Louisiana Median Gross Rent $800 +0.38% +6.81%
Shreveport, LA Median Gross Rent $754 -4.92% +2.72%

Shreveport, LA Real Gross Rent Trends

Median gross rent for Shreveport peaked in real terms in 2014 at $793 and is now $39 (4.92%) lower. At $734, real average gross rent in Shreveport was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Shreveport: Shreveport LA Median, Shreveport LA Average, Louisiana Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Shreveport

Date US
Median
Louisiana
Median
Shreveport, LA
Median
Shreveport, LA
Average
2015 $959 $800 $754 $734
2014 $930 $797 $793 $733
2013 $898 $757 $721 $693
2012 $886 $749 $734 $729
2011 $887 $761 $747 $716
2010 $901 $775 $728 $705
2009 $905 $768 $726 $707
2008 $920 $779 $751 $718
2007 $874 $721 $679 $631
2006 $883 $715 $691 $659
2005 $858 $671 $640 $612

Shreveport Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Shreveport Louisiana was 10.87% according to Census ACS data.

Rental Vacancy Rate in Shreveport Louisiana

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Louisiana 8.30% -0.06% -0.25%
Shreveport, LA 10.87% +1.86% +2.24%

Trends in Shreveport, LA Rental Vacancy Rate

At 10.87%, Shreveport residential rental vacancy rate in 2015 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Shreveport LA, Louisiana, US

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for Shreveport

Date US Louisiana Shreveport, LA
2015 5.85% 8.30% 10.87%
2014 6.32% 8.36% 9.01%
2013 6.49% 7.64% 6.35%
2012 6.77% 8.55% 8.63%
2011 7.40% 8.15% 8.07%
2010 8.17% 8.98% 6.29%
2009 8.43% 8.19% 7.28%
2008 7.86% 8.20% 5.92%
2007 7.87% 7.18% 5.87%
2006 7.70% 6.36% 9.44%
2005 7.74% 7.89% 6.53%

Rent as a Fraction of Income

Using median household income data for Shreveport, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Shreveport, median monthly gross rent as a fraction of median household income was 20.90% in 2015 according to the ACS.

Shreveport Louisiana Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Louisiana 20.99% -0.58% +0.12%
Shreveport, LA 20.90% -1.79% +0.99%

Trends in Shreveport, LA Rent as a Fraction of Income

The fraction of median Shreveport household income required to pay median monthly gross rent peaked in 2014 (relative to the 2005 series origin) at 22.69%. Since then it has fallen by 1.79% to 20.90%.

Fraction of Income towards Rent: Shreveport LA, Louisiana, US

Percent of median household income going towards median monthly gross rent in Shreveport Louisiana

Historical Data for Annual Rent as a Fraction of Income in Shreveport Louisiana

Date US Louisiana Shreveport, LA
2015 20.63% 20.99% 20.90%
2014 20.89% 21.57% 22.69%
2013 20.78% 20.73% 20.95%
2012 20.65% 20.87% 19.91%
2011 20.70% 21.48% 20.19%
2010 20.50% 20.78% 20.34%
2009 20.12% 20.19% 19.82%
2008 19.00% 19.15% 20.43%
2007 18.66% 19.09% 18.87%
2006 18.90% 18.85% 19.54%
2005 18.89% 18.59% 18.09%

Renter Fraction in Shreveport Louisiana

You can calculate the renter fraction in Shreveport in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Shreveport as a fraction of total Shreveport households. In 2015 38.58% of households were renters according to Census ACS data.

Shreveport Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Louisiana 35.42% -0.16% +1.15%
Shreveport, LA 38.58% +0.35% +0.92%

Trends in the Shreveport, LA Renter Fraction

At 38.58%, the 2015 household based renter fraction in Shreveport was at its highest level. The origin year for the series is 2005.

Fraction of Renting Households: Shreveport LA, Louisiana, US

Fraction of renters in Shreveport

History of Shreveport Renter Fraction

Date US Louisiana Shreveport, LA
2015 36.97% 35.42% 38.58%
2014 36.90% 35.58% 38.23%
2013 36.50% 34.03% 35.91%
2012 36.09% 34.27% 37.66%
2011 35.42% 33.57% 35.43%
2010 34.65% 32.45% 36.73%
2009 34.13% 32.08% 34.82%
2008 33.36% 31.46% 36.15%
2007 32.80% 32.06% 36.66%
2006 32.73% 31.52% 33.44%
2005 33.10% 32.19% 33.39%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.