Location: Leflore County, MS | Metro: Carroll 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 | $690 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,150 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $700 | $15,482 | 4.52% | A+ |
| 2BR | $910 | $42,428 | 2.14% | A+ |
| 3BR | $1,150 | $90,009 | 1.28% | A |
| 4BR | $1,190 | $189,561 | 0.63% | D |
| 5BR | $1,380 | $243,756 | 0.57% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 38930, located in Greenwood, Mississippi, hinges on its yield and stability metrics. Yield is determined by comparing the Fair Market Rent (FMR) of $840 for the metro area in fiscal year 2026 against the local market FMR of $655 and the median home value of $88,772. Stability is assessed through the percentage of renters at 43.6%, the lack of data on days on market (DOM), and the median household income of $35,453.
Yield Analysis: The metro FMR of $840 exceeds both the local market FMR of $655 and the median home value of $88,772, indicating a higher potential rental yield compared to owning property outright. This suggests that rental properties can generate more income relative to their cost in ZIP 38930.
Stability Analysis: With 43.6% of residents being renters, there is a moderate demand for rental housing. However, the absence of days on market data makes it difficult to assess how quickly properties can be rented out, which is a key indicator of market stability. The median household income of $35,453 implies that tenants might have limited financial capacity, potentially leading to higher vacancy rates or difficulty in maintaining consistent rent payments.
Given these figures, ZIP 38930 leans towards a steady-cashflow zone. The higher metro FMR compared to the local market FMR and home values supports a decent rental income. Yet, the moderate renter population and lower income levels suggest that while the cash flow will be stable, it won't be exceptionally high. Landlords and small-portfolio investors should expect a reliable but not explosive return on investment.
To further substantiate this analysis, consider the following points:
In conclusion, ZIP 38930 presents a balanced opportunity for landlords and small-portfolio investors, offering a stable cash flow without the volatility associated with higher-risk markets. The focus should be on managing costs effectively to maximize returns within this moderate-income bracket.
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.