Location: Tallahatchie County, MS | Metro: Leflore County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 38944, located in Tallahatchie County, MS metro, presents a unique opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $890 per month for the fiscal year 2026. However, the market rent data is currently unavailable, which makes it challenging to provide a direct comparison between the two figures.
Despite the lack of market rent data, we can infer that voucher tenants in this area will likely cashflow at the FMR rate. This conclusion is based on the median home value in the ZIP code, which stands at $138,570. Given this figure, the rent-to-price ratio suggests that rental income at the FMR level should cover operating costs and provide a modest profit margin without relying on premium units. It's important to note that the absence of specific market rent data means that actual conditions could vary, potentially affecting the cashflow scenario.
The days on market (DOM) and the percentage of homes that experience price cuts are also not available. These metrics typically help in understanding the balance between renting and buying, but their absence here does not significantly alter the primary insight that the HUD FMR aligns well with the local economic conditions, supporting a stable cashflow for investors.
The strongest angle for investors in ZIP 38944 is stability. With the HUD FMR providing a reliable income stream that matches the economic reality of the area, investors can expect consistent returns without the volatility often seen in other markets.
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.