Location: Coahoma County, MS | Metro: Coahoma County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 38767, located within Coahoma County, MS, presents a unique scenario when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for 38767 is set at $840 for fiscal year 2026, which is a key figure used by HUD to determine eligibility for housing assistance programs such as Section 8. However, the lack of available data on market rent and home values for this specific ZIP code makes direct comparisons challenging.
Despite the limited data, we can infer several points about the nature of 38767 within its metro area. Firstly, the FMR of $840 suggests that rental properties in this ZIP code are likely priced at or below this amount to qualify for Section 8 subsidies. This indicates that 38767 could be considered a value pocket within the metro, where lower-income families might find affordable housing options.
The renter share of 0.0% is noteworthy, implying that there are no reported renters in this ZIP code. This divergence from typical ZIP codes in the county, which would likely have higher renter shares, suggests that 38767 may be predominantly owner-occupied. While this does not directly indicate a Section 8 sweet spot, it does highlight a distinct characteristic of the area.
In the absence of market rent and home value data, landlords and small-portfolio investors should consider the implications of operating in a ZIP code with a low renter share and an FMR that sets a ceiling on potential rental income. If the goal is to attract Section 8 tenants, properties must be priced at or below the FMR. However, the low renter share suggests that finding eligible tenants might be more challenging than in other areas with higher renter populations.
To make informed decisions, investors should look into the broader context of Coahoma County, including trends in neighboring ZIP codes, the availability of Section 8 vouchers, and the overall demand for subsidized housing. Given the current figures, 38767 stands out as a niche market, suitable for those willing to work within the constraints of Section 8 and the specific characteristics of the area.
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.