Location: Leflore County, MS | Metro: Leflore County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,200 |
| 5 Bedrooms | $1,392 |
| 6 Bedrooms | $1,559 |
| 7 Bedrooms | $1,684 |
| 8 Bedrooms | $1,768 |
U.S. Census Bureau data (2024)
The ZIP code 38952 is characterized by a modest population size of 301 residents, with 21.7% of them being renters. This indicates that the area is not heavily dominated by renters; rather, it leans towards a homeowner-dominated community. Given the median household income of $68,958, we can assess the financial capacity of potential tenants.
In the absence of specific market rent data for ZIP 38952, we must rely on the Fair Market Rent (FMR) figure provided by HUD, which stands at $850 for the fiscal year 2026, applicable to the metropolitan area. To contextualize this, we calculate that if the market rent aligns with the FMR, then the typical rent would consume approximately 12.3% of the median household income in this ZIP code. This percentage suggests that while rent is a significant expense, it is still manageable for most households given their income levels.
The scarcity of voucher holders in this ZIP code, due to its smaller renter population, means that landlords should not expect a high volume of Section 8 tenants. However, those who do qualify for housing assistance will likely have a strong need for affordable housing options. Landlords in 38952 should prepare for tenants who are financially responsible but may have limited resources, necessitating the use of vouchers to cover their rental expenses.
To summarize, ZIP 38952 is better described as a homeowner-dominated area with a moderate presence of renters. The expected tenant profile includes individuals who are likely to be reliant on Section 8 vouchers due to financial constraints, despite the relatively high median household income. Landlords should focus on providing quality, affordable housing options to cater to this demographic effectively.
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.