Location: Bolivar County, MS | Metro: Bolivar County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
U.S. Census Bureau data (2024)
910 residents in ZIP code 38772 can expect the Fair Market Rent (FMR) for a one-bedroom apartment to be set at $910 for metro fiscal year 2026. This figure represents a critical benchmark for landlords participating in the Section 8 program, ensuring that rents are reasonable and reflective of local housing markets. 0.0% of the population in this area are renters, indicating a predominantly owner-occupied community. However, landlords should not overlook the potential benefits of the Section 8 program, as it can stabilize occupancy rates and provide a steady stream of income. The median household income of $181,375 suggests a relatively affluent neighborhood, which could influence the willingness of tenants to participate in subsidized housing programs.
While the specific market rent and median home value data are currently unavailable for ZIP 38772, the absence of such figures does not diminish the importance of the $910 FMR. This metric is crucial for setting rental prices that comply with federal guidelines and attract eligible Section 8 participants. Furthermore, the lack of detailed data on days on market (DOM) and the percentage of price-cut shares indicates a stable housing market, where significant fluctuations in pricing are unlikely. Landlords in this area should focus on maintaining properties that meet the quality standards required for the Section 8 program, given the high median income of the area, which implies a preference for well-maintained homes.
In conclusion, landlords in ZIP code 38772 can confidently set their one-bedroom units at $910 to align with the Fair Market Rent for metro fiscal year 2026, catering to the limited but potentially lucrative Section 8 tenant pool. The participation in the Section 8 program remains a viable option for securing long-term, reliable tenants in an otherwise owner-dominated market. Participation in the Section 8 program is advisable for landlords seeking stability in the 38772 ZIP code.
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.