Location: Sharkey County, MS | Metro: Sharkey County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,520 |
| 5 Bedrooms | $1,763 |
| 6 Bedrooms | $1,975 |
| 7 Bedrooms | $2,133 |
| 8 Bedrooms | $2,240 |
U.S. Census Bureau data (2024)
The analysis of ZIP 39054 in Sharkey County, Mississippi, reveals critical insights for potential landlords and small-portfolio investors.
The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $1,260. However, the lack of available market rent data makes it impossible to directly compare these figures. This absence suggests either limited rental activity or a scarcity of recent comprehensive surveys. Without concrete market rent data, it's challenging to determine if the rent math works in favor of landlords.
Acquisition appears to be relatively affordable with a median home value of $121,896. The incomplete data on days on market (DOM) and the percentage of homes that have been price-cut indicate a need for further investigation into the local real estate market trends. Nonetheless, the low median home value could be advantageous for investors looking to enter the market with a smaller capital outlay.
Tenant demand is evident but modest given the ZIP code's population of 337, with 28.4% of residents being renters. This percentage translates to approximately 96 individuals actively seeking rental housing, which could support a small-scale rental operation. However, the overall population size limits the potential scale of any investment.
Verdict: While the acquisition cost is low, making it affordable for investors, the lack of detailed market rent data complicates the assessment of whether the rent math will work in your favor. Tenant demand exists but is limited due to the small population size. Investors should proceed cautiously, focusing on thorough due diligence regarding rental market specifics and considering the limited growth potential within this ZIP code.
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.