Location: Quitman County, MS | Metro: Quitman County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $940 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
U.S. Census Bureau data (2024)
ZIP code 38623, located within Quitman County, MS, exhibits characteristics that position it distinctly within its metro area. With a Fair Market Rent (FMR) of $950 for fiscal year 2026, this ZIP stands at the lower end of the rental spectrum compared to other ZIP codes in Quitman County. The FMR serves as a benchmark for affordable housing and is directly tied to Section 8 voucher eligibility.
The lack of available data on market rent and home values for ZIP 38623 makes direct comparisons challenging. However, the high renter share of 82.4% is a notable feature. This percentage suggests a strong demand for rental properties, which is higher than what might be considered typical for most ZIP codes within the county. A high proportion of renters can indicate a population that may rely heavily on assistance programs such as Section 8.
In the context of Section 8 analysis, ZIP 38623 appears to be a value pocket within its metro. The lower FMR combined with a high renter share points towards an area where landlords could potentially benefit from a larger pool of tenants eligible for vouchers. While we cannot definitively state the relationship between renter share and home values without specific data, the inference drawn from the high renter share and low FMR suggests a sweet spot for Section 8 landlords and small-portfolio investors looking for areas with strong tenant demand and manageable property costs.
To provide a comprehensive analysis, additional data on market rents and home values would be beneficial. However, based on the provided figures, ZIP 38623 stands out as a promising location for those interested in leveraging Section 8 programs due to its attractive FMR and significant renter population.
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.