Location: Coahoma County, MS | Metro: Bolivar County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $730 |
| 1 Bedroom | $740 |
| 2 Bedrooms | $930 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
The ZIP code 38720, located within the Coahoma County, MS metro, presents an interesting comparison when juxtaposed against typical ZIP codes in the same county. The Fair Market Rent (FMR) for 38720 stands at $850 for the fiscal year 2026, which is a key figure for understanding rental dynamics within this area.
A notable point of divergence is that the market rent for 38720 is not available, which could indicate that the housing market in this particular ZIP code is either less active or that there isn't sufficient data to provide a reliable average. However, the home value in 38720 is recorded at $86,187, significantly lower than what might be expected in a larger metropolitan area. This suggests that 38720 could be considered a value pocket within its metro, offering relatively affordable housing options.
The renter share in 38720 is 9.6%, which is a moderate percentage and indicates that nearly one in ten residents are renters. While this figure alone doesn’t suggest a high demand for rentals, it’s important to consider it alongside the other metrics. Given the absence of a market rent figure, the FMR of $850 likely plays a significant role in the rental market, potentially making it a sweet spot for Section 8 tenants.
In contrast to the typical ZIP codes in Coahoma County, the combination of an affordable home value and a moderate renter share makes 38720 stand out. Landlords and small-portfolio investors should recognize this as an opportunity to tap into the Section 8 market without facing the higher costs associated with premium sub-markets. The ZIP code offers a balance between accessibility and affordability, which can be particularly appealing for those seeking stable, government-subsidized tenants.
To further contextualize 38720's position, it would be beneficial to analyze additional data points such as the number of Section 8 vouchers allocated, vacancy rates, and the overall economic conditions of the ZIP code. These factors can influence the attractiveness of the area for both tenants and property owners.
In summary, based on the provided data, 38720 appears to be a value pocket within the Coahoma County, MS metro. It offers affordable home values and a reasonable renter share, aligning well with the needs of the Section 8 program. This makes it a strategic location for investment, especially for those looking to engage with the subsidized housing market.
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.