Cost of Living,
Shreveport's Real Estate Market
Shreveport-Bossier City Metro Area
Profile: Mid-sized city
Location: Northwest corner of Louisiana near Texas border
Time zone: Central Standard Time
|Cost of living||Economy|
|Downtown renewal ||Crime rates|
|Healthcare ||Heat and humidity|
Shreveport is a commercial and cultural center for northwest Louisiana, northeast Texas, and southern Arkansas. In the early 20th century, the area experienced a major oil boom which then declined through the century. Recently a new riverfront entertainment district with nightlife and casinos and a new convention center have revitalized downtown Shreveport.
Bossier City, across the Red River, pronounced “bo-zure” and traditionally more depressed than Shreveport, has also emerged as a gambling center and more recently as a retail and entertainment hub with the large new Louisiana Boardwalk downtown complex. The abundance of casinos is surprising given the area’s strong Bible Belt roots.
The area’s economy has had some success luring business and manufacturers, including a new mill for steel products manufacturer Steelscape. The city’s museums and cultural amenities are among the state’s best outside of New Orleans and Baton Rouge. There is plenty of outdoor and water recreation nearby. Low living costs are an attraction, but employment prospects are still weak overall and crime is high. Downsides also include persistently hot summers and a degree of isolation, although the area does have commercial jet service.
The city sits on Red River bottomland with gently rolling terrain nearby, with a mix of general agriculture, cotton plantations and wooded areas throughout. At 209 feet, Shreveport is the highest city in the state. The climate is a mix of humid subtropical and continental types. Summer months are consistently still, warm, and humid, with temperatures frequently above 95. Winters are mild with cold spells of short duration. Below-freezing temperatures occur about 40 times per year, but temperatures drop below 15 degrees only 1 in 2 years. Rainfall is abundant with greater amounts in late spring and less in late summer. Measurable snowfall occurs 1 in 2 years.
Interesting Facts about Shreveport, Louisiana
As of 2014, Shreveport's population is 200,099 people. Since 2000, it has had a population growth of 0.17 percent.--------------------
The median home cost in Shreveport is $89,700. Home appreciation the last year has been -1.00 percent.--------------------
Compared to the rest of the country, Shreveport's cost of living is 16.60% Lower than the U.S. average.--------------------
Shreveport public schools spend $11,732 per student. The average school expenditure in the U.S. is $12,435. There are about 15.6 students per teacher in Shreveport.--------------------
The unemployment rate in Shreveport is 5.20 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Shreveport jobs have Increased by 0.24 percent.
Ranked #6 Where to Live to Avoid a Natural Disaster (Highest Risk)
Ranked #6 Riskiest Places for Natural Disasters
Ranked #60 America's Migraine Hot Spots
Ranked #94 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #242 2005 Best Places to Live
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Average Commute time is 18 minutes. The National Average is 25 minutes.--------------------
Shreveport's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes