Location: Humphreys County, MS | Metro: Humphreys County, MS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,380 | $105,484 | 1.31% | A |
U.S. Census Bureau data (2024)
The rental market in ZIP code 39097 presents a challenging landscape for households given the stark contrast between median income and market rates. With a median income of $21,622, it is evident that many residents struggle to meet the market rate of $744 per month, as reported by the Census ACS. This financial strain becomes even more pronounced when compared to the federal payment standard of $1,030 for Fair Market Rent (FMR) in the metro area for fiscal year 2026.
The disparity between the median income and the market rate suggests a significant affordability gap for the 27.2% of renters in the ZIP code. Given the total population of 483, this translates to approximately 131 renters who might find it difficult to pay the market rate without assistance. The higher FMR set by the government provides a benchmark that is more aligned with the actual cost of renting in the area, thereby offering a viable option for those receiving housing vouchers.
Landlords in ZIP 39097 should be aware that the affordability gap could lead to increased competition among property owners willing to accept vouchers. Those who refuse to participate in voucher programs risk losing tenants to properties that do accept them, especially if they are located in the same area. Accepting vouchers can stabilize occupancy rates and ensure a steady stream of income, albeit at a fixed rate determined by the government.
The takeaway for landlords considering voucher versus cash-pay strategies is clear: accepting vouchers can attract a larger pool of potential tenants and mitigate the risks associated with vacancy. While the income from voucher tenants is lower than the market rate, it ensures a reliable source of income and reduces the likelihood of non-payment. Landlords should weigh these factors carefully, considering both the financial benefits and the administrative requirements of participating in voucher programs.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.