Location: Simpson County, MS | Metro: Simpson County, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The ZIP code 39082, located within the Simpson County, MS HUD Metro FMR Area, has a Fair Market Rent (FMR) of $900 for fiscal year 2024. This figure is critical for understanding the rental landscape within this area, especially for landlords and small-portfolio investors who are considering properties that might qualify for Section 8 housing assistance.
Compared to typical ZIP codes within the Simpson County, MS HUD Metro FMR Area, where specific figures for market rent are not available, 39082 stands out due to its clearly defined FMR. The median home value in 39082 is $147,232, which gives us a benchmark for property valuation within this ZIP code. However, the market rent data being unavailable means we must rely on the FMR and home value to make inferences about the rental market dynamics.
The renter share in 39082 is 12.2%, indicating a relatively modest proportion of renters compared to homeowners. This percentage alone suggests that 39082 may not be a prime candidate for a high concentration of Section 8 tenants, as typically areas with higher renter shares are more attractive to those seeking rental assistance.
To determine if 39082 is a value pocket, a mid-tier neighborhood, or a premium sub-market within its metro, we need to consider the FMR in relation to the home values and the renter share. With an FMR of $900 and a median home value of $147,232, it appears that 39082 is neither particularly cheap nor exorbitantly expensive. It falls into the category of a mid-tier neighborhood, where the rents are reasonable but not exceptionally low, and the home values reflect a moderate investment level.
The absence of a high renter share combined with below-average home values does not signal a typical Section 8 sweet spot. Usually, such a sweet spot would have a higher proportion of renters and lower home values, making it more appealing for Section 8 participants. In 39082, while the FMR is defined, the lack of a significant renter population and the moderate home values suggest that it is not a primary target for Section 8 households.
In summary, 39082 represents a mid-tier neighborhood within the Simpson County, MS HUD Metro FMR Area, offering landlords and small-portfolio investors a stable, moderately priced market with clear rental guidelines. While it may not be the most attractive location for Section 8 tenants due to its lower renter share and median home values, it still provides a solid opportunity for those interested in the rental market within this region.
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.