Shreveport, LA Housing Market

Market Overview

Shreveport’s PropertyIQ score of 72 out of 100 places it in moderate territory. The score is supported by a 12-month home value momentum figure of 8.40%, a 3-month momentum figure of 1.41%, a median days on market of 68 days, and a share of listings with a price cut of 18.9%. Those drivers point to a market that has some price momentum and a moderate selling pace, though price cuts are a visible part of the landscape.

Compared with state averages, Shreveport’s median home value is $186,446, which is $30,593 below Louisiana’s median of $217,039. At the same time, the local rent index is $1,330, notably higher than the state average of $1,064. The unemployment rate is 4.2%, slightly better than the state’s 4.4%, while median household income is $55,925, below the state’s $60,756. Population growth data is not available, so migration-driven demand cannot be assessed.

Taken together, these figures describe a market with relative affordability on home prices and a stronger rental index, but with lower local incomes and a year-over-year median home value change of -$4, essentially flat. The 72 score reflects a moderate market with meaningful strengths and some limitations.

Key Trends

One trend is the contrast between momentum and price change. The scorecard lists 12-month home value momentum of 8.40% and 3-month momentum of 1.41%, but the median home value’s year-over-year change is -$4. Because these are different measurements, the momentum figures signal longer-term strength while the simple year-over-year median price change suggests prices have recently been flat to slightly down.

Another trend is the rental premium. Shreveport’s rent index of $1,330 is well above the state average of $1,064, even though the median home value is below the state median. This combination suggests that rental demand in the market is relatively strong compared with home prices, which may matter for investors.

Inventory and pricing behavior also shape the market. There are 1,279 homes for sale, and the median days on market is 68 days. Nearly one in five listings, 18.9%, has had a price cut. That points to a balanced pace of sales with some willingness among sellers to adjust prices, giving buyers a degree of negotiating room.

Affordability is a mixed but important theme. The median home value of $186,446 is about 14% below the state average, while median household income of $55,925 is about 8% below Louisiana’s $60,756. Housing is relatively cheaper compared with the state benchmark, but local incomes are also lower.

Who Is This Market For

Shreveport may be a fit for first-time buyers seeking a lower entry point. The median home value of $186,446 is significantly below the state average of $217,039, which can make homeownership more accessible, although median household income is also lower at $55,925 compared with $60,756 statewide. A local unemployment rate of 4.2%, slightly better than the state’s 4.4%, may add some confidence for local buyers.

The market may also appeal to rental property investors. The rent index of $1,330 is considerably higher than the state average of $1,064, while home values remain below the state median. That combination can support stronger rental income relative to purchase price. However, the year-over-year median home value change of -$4 suggests investors should not count on rapid appreciation.

Buyers who prefer a less frenzied process may find this market attractive. With 68 days on market and an 18.9% share of listings with a price cut, there are signs of room for negotiation. Move-up buyers may also find opportunities, but income levels and the absence of population growth data are limiting factors to consider.

Outlook

The data supports a cautious but stable outlook. The 12-month home value momentum of 8.40% and 3-month momentum of 1.41% provide some positive momentum signals, but the year-over-year median home value change of -$4 and the 18.9% share of listings with a price cut point to a market that is currently balanced or slightly cooling. A median days on market of 68 days and 1,279 homes for sale suggest a moderate pace with some buyer choice. The unemployment rate of 4.2% is better than the state average, which may support demand, but median household income remains below the Louisiana benchmark and could limit price growth. The rent index above the state average may keep rental demand and investor interest active. Without population growth data, longer-term demand expansion is difficult to assess. Overall, the metrics suggest Shreveport is likely to see moderate conditions rather than sharp acceleration.