Shreveport Louisiana Residential Rent and Rental Statistics
The median monthly gross residential rent in Shreveport, LA (the Shreveport-Bossier City metro area) was $852 in 2019 according to the Census ACS survey.1 Average gross rent in Shreveport was $810 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Shreveport median and average rent data will be released in September of 2021.
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.
Real Gross Rent in Shreveport Louisiana (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Louisiana Median Gross Rent | $866 | -0.35% | +2.36% |
| Shreveport, LA Median Gross Rent | $852 | +3.15% | +5.97% |
Shreveport, LA Real Gross Rent Trends
At $852, real median gross rent in Shreveport was at its highest level in 2019 since the series began in 2005. At $810, real average gross rent in Shreveport was at its highest level in 2019 since the series began in 2005.
Real Gross Rent in Shreveport: Shreveport LA Median, Shreveport LA Average, Louisiana Median, US Median
Real Gross Rent History for Shreveport
| Date | US Median |
Louisiana Median |
Shreveport, LA Median |
Shreveport, LA Average |
|---|---|---|---|---|
| 2019 | $1,097 | $866 | $852 | $810 |
| 2018 | $1,077 | $869 | $826 | $796 |
| 2017 | $1,043 | $862 | $814 | $757 |
| 2016 | $1,027 | $846 | $804 | $788 |
| 2015 | $1,017 | $849 | $800 | $779 |
| 2014 | $986 | $846 | $841 | $778 |
| 2013 | $953 | $803 | $765 | $735 |
| 2012 | $940 | $795 | $779 | $773 |
| 2011 | $941 | $807 | $793 | $759 |
| 2010 | $955 | $822 | $772 | $748 |
| 2009 | $960 | $815 | $770 | $750 |
| 2007 | $927 | $765 | $720 | $670 |
| 2005 | $910 | $711 | $679 | $649 |
Shreveport Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Shreveport Louisiana was 9.28% according to Census ACS data.
Rental Vacancy Rate in Shreveport Louisiana
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Louisiana | 8.34% | -0.37% | -0.10% |
| Shreveport, LA | 9.28% | -1.74% | +0.34% |
Trends in Shreveport, LA Rental Vacancy Rate
The rental vacancy rate in Shreveport peaked in 2018 at 11.02%. Since then it has fallen by 1.74% to 9.28%. Data records for this series originated in 2005.
Rental Vacancy Rate: Shreveport LA, Louisiana, US
Historical Rental Vacancy Rate data for Shreveport
| Date | US | Louisiana | Shreveport, LA |
|---|---|---|---|
| 2019 | 5.97% | 8.34% | 9.28% |
| 2018 | 6.15% | 8.71% | 11.02% |
| 2017 | 6.18% | 8.74% | 8.60% |
| 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% |
| 2007 | 7.87% | 7.18% | 5.87% |
| 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 21.55% in 2019 according to the ACS.
Shreveport Louisiana Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Louisiana | 20.35% | -1.04% | -1.13% |
| Shreveport, LA | 21.55% | -1.64% | -1.24% |
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 2017 (relative to the 2005 series origin) at 24.51%. Since then it has fallen by 2.96% to 21.55%.
Fraction of Income towards Rent: Shreveport LA, Louisiana, US
Historical Data for Annual Rent as a Fraction of Income in Shreveport Louisiana
| Date | US | Louisiana | Shreveport, LA |
|---|---|---|---|
| 2019 | 20.03% | 20.35% | 21.55% |
| 2018 | 20.50% | 21.39% | 23.19% |
| 2017 | 20.13% | 21.74% | 24.51% |
| 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% |
| 2007 | 18.66% | 19.09% | 18.87% |
| 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 2019 35.03% of households were renters according to Census ACS data.
Shreveport Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Louisiana | 33.51% | -1.01% | -2.23% |
| Shreveport, LA | 35.03% | -3.44% | -4.04% |
Trends in the Shreveport, LA Renter Fraction
The Shreveport household renter fraction peaked in in 2017 at 39.49% and is now 4.46% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Shreveport LA, Louisiana, US
History of Shreveport Renter Fraction
| Date | US | Louisiana | Shreveport, LA |
|---|---|---|---|
| 2019 | 35.89% | 33.51% | 35.03% |
| 2018 | 36.05% | 34.52% | 38.47% |
| 2017 | 36.13% | 34.82% | 39.49% |
| 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% |
| 2007 | 32.80% | 32.06% | 36.66% |
| 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. ↩
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