Location: Sunflower County, MS | Metro: Leflore County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $670 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,270 |
| 5 Bedrooms | $1,473 |
| 6 Bedrooms | $1,650 |
| 7 Bedrooms | $1,782 |
| 8 Bedrooms | $1,871 |
U.S. Census Bureau data (2024)
5.1% of the population in ZIP code 38736 are renters, indicating a modest demand for rental properties in the area. $860 is the Fair Market Rent (FMR) for the metro area in fiscal year 2026, which is slightly below the $883 market rent reported by the Census ACS. This suggests that landlords could potentially set rents slightly above the FMR to remain competitive. $131,707 is the median home value, reflecting a relatively affordable housing market. However, the lack of median income data means that we cannot directly compare tenants' ability to pay against the average rent. The absence of days on market (DOM) and percentage of price-cut share data implies that there is limited information regarding the speed at which properties sell and how often sellers need to reduce their asking price. Despite these gaps, the difference between the FMR and market rent indicates a stable but not highly lucrative rental environment. Given the specific numbers, landlords should focus on maintaining properties at a quality level that justifies the slight premium over the FMR. Small-portfolio investors should consider the affordability of the housing market when evaluating potential returns. In conclusion, for ZIP 38736, the Section 8 program remains a viable option for securing steady rental income, though it may not offer the highest possible returns.
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.