Location: Humphreys County, MS | Metro: Humphreys County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
U.S. Census Bureau data (2024)
The ZIP code 39115 represents a unique area that primarily consists of homeowners rather than renters, with 0.0% of residents identified as renters. This statistic alone paints a picture of a community where property ownership is the norm, suggesting a stable environment with long-term residents. However, the demographic data reveals some gaps; the median income and median home value for this area are currently unavailable, which might indicate that the population of 138 individuals is too small for robust statistical analysis.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 39115 in the metro area for fiscal year 2026 is set at $970. This figure is crucial for Section 8 landlords and investors, as it defines the maximum allowable rent for units participating in the housing choice voucher program. Notably, the market rent data is also unavailable, making it challenging to compare the FMR against typical local rents. This absence of market rent data could imply that the rental market in ZIP 39155 is either underdeveloped or non-existent, given the high percentage of homeownership.
In light of these factors, ZIP 39115 appears better suited for a hands-off voucher operator rather than a hands-on value-add buyer. The low number of renters suggests limited opportunities for active management aimed at increasing occupancy or rent rates. For those considering investment in this ZIP code, the focus should be on properties that can reliably generate income through the Section 8 program without relying on market fluctuations or growth potential.
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.