Section 8 Fair Market Rent (FMR) for ZIP 39079 - 2027

Investment Score for ZIP 39079

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The ZIP code 39079, located in Mississippi, presents a unique opportunity for real-estate investors interested in the Section 8 housing market. The area's demographics and rental market conditions align closely with the needs of low-income families who often rely on federal assistance to secure housing.

• The Fair Market Rent (FMR) for a one-bedroom apartment in ZIP 39079 for fiscal year 2024 is set at $900, providing a benchmark for rental pricing that landlords should aim to meet or slightly exceed to attract tenants eligible for Section 8 subsidies.
• According to the latest Census American Community Survey (ACS), the average market rent for all units in the area is $363, indicating a significant gap between market rates and what federal guidelines suggest as fair rents, which could be leveraged by savvy investors.
• The median home value in ZIP 39079 stands at $72,302, suggesting that the real estate market is accessible for those looking to invest in properties at a lower cost compared to national averages.
• Renters make up 73.2% of the population, a high percentage that points to strong demand for rental properties, especially those that can accommodate tenants receiving housing vouchers.
• The median income in the area is $16,914, underscoring the economic conditions that drive reliance on government housing programs and highlight the importance of offering affordable housing options.

Investors targeting ZIP 39079 should focus on properties that align with the Fair Market Rent standards, as doing so will ensure eligibility for Section 8 tenants. The area's high renter share and relatively low median home values present opportunities for both rental income and potential appreciation. However, the low median income suggests a need to maintain competitive rental prices while keeping operational costs under control to ensure profitability. Overall, ZIP 39079 offers a niche but potentially lucrative market for those willing to comply with the requirements of Section 8 housing and cater to the local demographic needs.

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.