Location: Tallahatchie County, MS | Metro: Coahoma County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
ZIP 38643 in Tallahatchie County, MS, fits best as a diversifier within a Section 8 portfolio strategy. With a median income of $19,976, this area heavily relies on government assistance programs such as Section 8. The high renter share of 49.0% indicates that many residents are looking for affordable rental options.
The significant spread between the Fair Market Rent (FMR) of $870 and the market rent of $683 highlights the potential for steady cash flow when properties are leased under the Section 8 program. This spread means that landlords can secure a reliable source of income that exceeds the typical market rate, acting as a buffer against economic downturns and ensuring consistent returns.
Despite the lack of specific data on price-cut shares and days on market, the high dependency on Section 8 vouchers suggests that appreciation plays might be limited due to the overall economic conditions in the area. However, the stable demand for subsidized housing ensures that the risk of vacancy is low, making it an ideal addition to a diversified portfolio aimed at balancing cash flow and risk management.
Tallahatchie County's real estate market is dominated by individual landlords, who own 1,545 out of 1,775 investor-owned SFR properties. This further supports the notion that ZIP 38643 is a suitable location for diversification, as it aligns with the broader trend of small-scale investments in the region.
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.