Location: Yalobusha County, MS | Metro: Panola 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 | $790 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,270 | $161,198 | 0.79% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 38927, with a median home value of $158,410, presents a unique landscape for both landlords and small-portfolio investors. The data indicates that there is currently no reduction in the percentage of listings, which suggests that sellers are maintaining their prices, indicating a strong sense of pricing power. This stability, combined with the N/A-day median days on market (DOM), points to an efficient market where homes are selling relatively quickly. However, without specific DOM data, it's challenging to draw definitive conclusions about how fast properties are moving.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940, offering a benchmark for potential rental income. Given the absence of current market rent data, it's prudent to assume that the rental market in ZIP 38927 is likely to align closely with the FMR, providing a reliable estimate for future rental yields. This alignment between the median home value and the FMR suggests that properties in this area can offer competitive returns on investment, balancing between owning and renting.
For long-hold investors, the setup in ZIP 38927 implies a realistic appreciation thesis based on the current median home value and the rental dynamics. Properties here are priced at a level that allows for significant capital appreciation over time, especially considering the historical trend of property values increasing at a rate higher than inflation. Additionally, the steady rental income provides a dual benefit, ensuring that investments can generate passive income while also appreciating in value.
However, it's important to note that the lack of specific data regarding listing reductions and current market rents introduces some uncertainty into the analysis. Despite this, the combination of a stable median home value and a predictable rental market suggests that investors can expect consistent performance from their investments in this area. The key will be to monitor broader economic indicators and local market trends to adjust strategies accordingly.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.