Location: Lafayette County, MS | Metro: Lafayette County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The classification of ZIP code 38677 hinges significantly on the available data points, which are limited but provide key insights into its potential as a real estate investment location. For yield analysis, we can focus on the Fair Market Rent (FMR) data provided, which stands at $1,260 for the fiscal year 2026 in the metro area. This figure suggests that rental income could be relatively predictable and stable, assuming it aligns with typical market conditions in the area. However, the absence of specific market rent and home value figures complicates a direct comparison and thus a precise yield calculation.
Moving onto stability, the lack of percentage of renters, days on market (DOM), and median income data makes it challenging to assess the overall stability of the ZIP code. Without these metrics, it's difficult to gauge the likelihood of tenants staying long-term, the speed at which properties sell, and the financial health of the residents. These factors are crucial for understanding the risk profile of the area.
Given the data constraints, ZIP 38677 appears to lean towards being a steady-cashflow zone rather than a high-yield/low-stability market. The FMR of $1,260 indicates a reliable source of rental income, assuming the actual market rents are close to this figure. However, without additional data on home values and market rents, we cannot conclusively determine if there is significant upside potential in terms of yield. Similarly, the stability of the area remains uncertain due to the missing data points on the percentage of renters, DOM, and median income. To make a more informed decision, acquiring these missing pieces of data would be essential.
To summarize, based on the provided data, ZIP 38677 offers a promising outlook for steady cash flow, driven by the known FMR. Yet, its true potential for higher yields and long-term stability requires further investigation into market-specific data points.
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.