Location: Prentiss County, MS | Metro: Alcorn County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $990 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
U.S. Census Bureau data (2024)
The ZIP code 38865 stands out due to its unique blend of demographic and economic characteristics. With a population of 4,860 residents, 16.5% of whom are renters, it offers a modest but stable rental market. The median income in this area is $55,380, reflecting a middle-class community. The median home value of $184,411 suggests that homeownership is attainable for many local residents, contributing to a balanced housing ecosystem.
In the context of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990. This figure is notably higher than the current market rent of $825, based on Census ACS data. This discrepancy indicates an opportunity for landlords and small-portfolio investors who can leverage the higher FMR to secure steady rental income through Section 8 tenants.
The data signature for ZIP 38865 reads as stable. The relatively low percentage of renters suggests a strong base of homeowners, which typically correlates with a stable local economy. Additionally, the modest difference between the FMR and market rent rates provides a reasonable margin for landlords without significantly disrupting the existing rental market dynamics.
To summarize, ZIP 38865 presents a viable option for those interested in Section 8 properties. Landlords can benefit from the higher FMR while operating in a stable environment where homeownership is prevalent. This combination makes it an attractive choice for long-term investment.
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.