Location: Sunflower County, MS | Metro: Sunflower County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 38768, located in Sunflower County, MS metro, reveals several key points regarding rental investment viability. The HUD Fair Market Rent (FMR) for the area is set at $1,050 per month for the fiscal year 2026. However, the lack of available data on the current market rent makes it difficult to provide a precise comparison. Despite this, we can infer that voucher tenants will likely cashflow at the FMR rate, given the absence of higher market rents to suggest otherwise.
The median home value in the area is also not available, which complicates the derivation of a rent-to-price ratio. Nevertheless, the absence of such data might indicate a lower emphasis on homeownership in the area, potentially making rental properties more attractive to residents. This could support the argument that voucher holders would find the $1,050 FMR sufficient for their housing needs, leading to stable occupancy rates.
Additionally, the day median Days on Market (DOM) and percentage of price-cut share are not provided, but these metrics typically influence the rent-versus-buy decision. In ZIP 38768, without these specifics, the focus remains on the stability of rental income. Given the current HUD FMR and the likely lower competition from market-rate rentals, investors can expect steady cashflow from Section 8 tenants.
The strongest angle for investors in this market is cashflow. With the HUD FMR covering the cost of rent, and the lack of significant market-rate competition, investors can secure reliable income streams from Section 8 vouchers, making it an attractive option for those prioritizing financial stability over rapid appreciation.
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.