Shreveport, Louisiana Housing Market Prices
Shreveport Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 5% above the Louisiana median$179,303
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Median rent 8% below the Louisiana median$977
Housing Market Overview
| Metric | Shreveport | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $179,303 | $170,446 | $248,835 |
| Price Trend (Annual %) | 4.5% | 4.3% | 7.5% |
| Median Gross Rent | $977 | $1,063 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 3.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Shreveport is about 5% higher than in Louisiana. Rent is about 8% lower than the Louisiana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Shreveport, up about 4.5% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Shreveport rose about 31.6% between 2015 and 2024, from $743 to $977. Over the same span, rent in Louisiana rose about 35.1%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Shreveport.
Buying the median-priced home in Shreveport costs roughly 15.3 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Shreveport. The price-to-rent ratio in Louisiana is about 13.4.
| Metric | Shreveport | Louisiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $179,303 | $170,446 | $248,835 |
| Median Household Income | $45,878 | $60,934 | $80,455 |
| Price-to-Income Ratio | 3.9 | 2.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Shreveport rose about 28.8%, while median household income rose about 31.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Shreveport | Louisiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.6% | 57.7% | 58.5% |
| Rental Rate | 40.6% | 27.9% | 31.2% |
| Vacancy Rate | 16.8% | 14.4% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Shreveport has a homeownership rate of 42.6%, lower than the Louisiana average of 57.7%. Its housing vacancy rate is 16.8%, compared with 14.4% in Louisiana.
Housing Stock
| Metric | Shreveport | Louisiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1972 | 1983 | 1978 |
| Median Number of Rooms | 5.3 | 5.5 | 5.5 |
The typical housing unit in Shreveport was built around 1972. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Shreveport, LA Housing Compared With Nearby Cities
How Shreveport, LA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Shreveport, LA | 153,357 | $179,303 #1/2 | $977 #2/2 | 51.2% #1/2 |
| Bossier City, LA | 45,787 | $152,868 | $1,075 | 46.6% |
Frequently Asked Questions
Common questions about the housing market in Shreveport, Louisiana.
What is the median home price in Shreveport, Louisiana?
The median home price in Shreveport, Louisiana is $179,303, higher than the Louisiana average of $170,446.
What is the average home price in Shreveport, Louisiana?
The typical home price in Shreveport, Louisiana, reported as the median sale price, is $179,303. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Shreveport, Louisiana?
The median gross rent in Shreveport, Louisiana is $977 per month, lower than the Louisiana average of $1,063.
What was the median gross rent in Shreveport in 2020?
In 2020, the median gross rent in Shreveport, Louisiana was $812 per month.
What is the price-to-rent ratio in Shreveport, Louisiana?
The price-to-rent ratio in Shreveport, Louisiana is about 15.3, meaning it would take roughly 15.3 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Shreveport.
Are home prices or rent rising faster in Shreveport, Louisiana?
Both home prices and rent are rising in Shreveport, up about 4.5% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Shreveport, Louisiana?
42.6% of households in Shreveport, Louisiana own their home, lower than the Louisiana average of 57.7%.
What is the vacancy rate in Shreveport, Louisiana?
The housing vacancy rate in Shreveport, Louisiana is 16.8%, higher than the Louisiana average of 14.4%.
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