Location: Yalobusha County, MS | Metro: Grenada County, MS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $910 | $105,126 | 0.87% | C |
| 3BR | $1,180 | $135,484 | 0.87% | C |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 38922, which includes Coffeeville, Mississippi, is set at $870 per month for the fiscal year 2026. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program. It does not reflect the actual rent you will charge your tenants, but rather the maximum amount that the government will pay on behalf of eligible low-income individuals.
To put this into perspective, the average rent in Coffeeville, according to the latest Census American Community Survey (ACS), is $672 per month. This indicates that the FMR of $870 is higher than the local average, offering a potential advantage for landlords who join the Section 8 program.
In Coffeeville, 30.2% of residents are renters, suggesting a steady demand for rental properties. Given this high percentage, there is a significant pool of potential tenants who could benefit from the Section 8 program. The median household income in the area is $120,565, which can help inform your decision regarding property acquisition costs. However, it's important to note that the median income reflects all households, including homeowners and renters, and the Section 8 program specifically targets low-income individuals.
Before deciding to participate in the Section 8 program with a rental property in ZIP 38922, verify that your property meets the minimum standards set by the housing authority. These standards ensure that the property is safe, decent, and sanitary, and failing to meet them could result in denial of participation or penalties.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.