Location: Tishomingo County, MS | Metro: Alcorn County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
U.S. Census Bureau data (2024)
The ZIP code 38846, located in a county with 2,053 residents, stands out due to its unique data profile. Only 13.5% of the population rents, indicating a predominantly owner-occupied area. The median income for residents is $60,078, which suggests a middle-class community. However, the lack of data on median home value makes it challenging to assess the overall housing situation without further investigation.
Moving to the voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $860. This is notably higher than the current market rent, estimated at $671 according to the Census ACS. Landlords and small-portfolio investors should take note that the gap between FMR and market rent could present an opportunity to adjust rental prices to align with the voucher amounts, potentially increasing revenue streams.
Given the data signature, ZIP 38846 appears to be a stable area with a modest rental market. The relatively low percentage of renters combined with a decent median income indicates a community where homeownership is a priority. Despite the lack of median home value data, the existing information suggests a consistent economic environment. For those considering investment in this ZIP code, understanding the local dynamics and leveraging the voucher system can provide a strategic advantage.
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.