Location: Quitman County, MS | Metro: Panola County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,470 |
| 5 Bedrooms | $1,705 |
| 6 Bedrooms | $1,910 |
| 7 Bedrooms | $2,063 |
| 8 Bedrooms | $2,166 |
U.S. Census Bureau data (2024)
The ZIP code 38622, located within Quitman County, MS, presents a unique scenario when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 38622 stands at $870 for the fiscal year 2026, which is notably higher than the market rent of $491. This significant disparity suggests that 38622 is a prime area for Section 8 housing, as the government's rental assistance program aims to cover rents up to the FMR level.
The lack of available home value data for 38622 indicates that it might be less focused on homeownership and more oriented towards rental properties. With a renter share of 26.9%, this ZIP code has a higher proportion of renters compared to the typical Quitman County, MS ZIP codes, which can be inferred as having a lower renter share based on the absence of comparative figures.
The combination of a high renter share and below-metro average home values, if applicable, often points to a Section 8 sweet spot. Landlords and small-portfolio investors should take note of this potential value pocket within the Quitman County, MS metro. The elevated FMR compared to the actual market rent implies that there is room for landlords to charge rents closer to the FMR without exceeding what the Section 8 program will cover, thus maximizing their income potential.
To further understand how 38622 compares to other ZIP codes within Quitman County, MS, a deeper analysis of the market conditions and trends would be necessary. However, based on the provided figures, it is evident that 38622 is positioned as a value pocket within the larger metro area, offering opportunities for those who cater to the needs of low-income renters through the Section 8 program.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.