Location: Bolivar County, MS | Metro: Bolivar County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,210 |
| 5 Bedrooms | $1,404 |
| 6 Bedrooms | $1,572 |
| 7 Bedrooms | $1,698 |
| 8 Bedrooms | $1,783 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 38740 presents a nuanced picture for landlords and small-portfolio investors. The median home value data is currently unavailable, which suggests a lack of comprehensive market data for precise valuation. However, the fact that a significant percentage of listings have been reduced, alongside an unspecified median days on market (DOM), points to a seller's market that could shift towards a more balanced state or even a buyer's market in the coming 12-24 months. This scenario implies that landlords might experience increased competition from homebuyers, potentially reducing their pricing power.
On the rental side, the Federal Market Rent (FMR) for the metro area is set at $840 for fiscal year 2026, slightly below the current market rate of $845 according to Census ACS data. This minor discrepancy indicates that the rental market is relatively stable, with minimal room for significant rent increases. Landlords should be cautious about raising rents too aggressively, as it could lead to tenant turnover and vacancies.
For long-term investors, the appreciation thesis in ZIP 38740 is unclear due to the absence of specific historical and projected home value data. Without concrete appreciation figures, the investment strategy should focus on maintaining steady cash flows through rental income rather than relying on capital gains. The setup implies that investors should prioritize properties with strong rental demand and manageable maintenance costs to ensure profitability over the long term.
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.