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 $768 in 2016 according to the Census ACS survey.1 Average gross rent in Shreveport was $753 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Shreveport median and average rent data will be released in September of 2018.

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 (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Louisiana Median Gross Rent $808 -0.25% +5.35%
Shreveport, LA Median Gross Rent $768 +0.52% +5.21%

Shreveport, LA Real Gross Rent Trends

Median gross rent for Shreveport peaked in real terms in 2014 at $804 and is now $36 (4.48%) lower. At $753, real average gross rent in Shreveport was at its highest level in 2016 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
2016 $981 $808 $768 $753
2015 $972 $810 $764 $744
2014 $942 $808 $804 $743
2013 $910 $767 $730 $702
2012 $898 $759 $744 $739
2011 $898 $771 $757 $725
2010 $912 $785 $737 $714
2009 $916 $778 $736 $716
2008 $932 $789 $761 $727
2007 $885 $730 $688 $640
2006 $895 $725 $700 $667
2005 $869 $679 $648 $620

Shreveport Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Shreveport Louisiana was 8.94% according to Census ACS data.

Rental Vacancy Rate in Shreveport Louisiana

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Louisiana 8.44% +0.14% +0.80%
Shreveport, LA 8.94% -1.93% +2.59%

Trends in Shreveport, LA Rental Vacancy Rate

The rental vacancy rate in Shreveport peaked in 2015 at 10.87%. Since then it has fallen by 1.93% to 8.94%. Data records for this series originated in 2005.

Rental Vacancy Rate: Shreveport LA, Louisiana, US

Rental vacancy rate in Louisiana

Historical Rental Vacancy Rate data for Shreveport

Date US Louisiana Shreveport, LA
2016 5.89% 8.44% 8.94%
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 22.79% in 2016 according to the ACS.

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

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Louisiana 21.48% +0.48% +0.75%
Shreveport, LA 22.79% +1.89% +1.84%

Trends in Shreveport, LA Rent as a Fraction of Income

Shreveport renters paid 22.79% of median household income towards the median monthly gross rent in 2016. This is the highest fraction of median household income going to rent since the series originated in 2005.

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
2016 20.43% 21.48% 22.79%
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 2016 39.07% of households were renters according to Census ACS data.

Shreveport Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Louisiana 35.74% +0.32% +1.71%
Shreveport, LA 39.07% +0.49% +3.16%

Trends in the Shreveport, LA Renter Fraction

At 39.07%, the 2016 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
2016 36.88% 35.74% 39.07%
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.