Location: Adams County, MS | Metro: Adams County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,200 |
| 4 Bedrooms | $1,200 |
| 5 Bedrooms | $1,392 |
| 6 Bedrooms | $1,559 |
| 7 Bedrooms | $1,684 |
| 8 Bedrooms | $1,768 |
The Fair Market Rent (FMR) for ZIP code 39122 in Unknown, MS, for the fiscal year 2026 is set at $840. This figure represents the payment standard under the Section 8 housing program, which means that if you participate in this program, the government will pay up to $840 per month towards the rent of your property. It's important to note that this is not the amount tenants will pay; rather, it's the maximum amount the government will contribute.
In ZIP 39122, the local market rent is currently listed as N/A, making direct comparisons challenging. However, the FMR serves as a benchmark for what the government deems reasonable for rental costs in the area. If your property's market value exceeds $840, you might need to consider the additional rent that tenants would be responsible for paying out-of-pocket. The tenant's portion is typically calculated based on their income, with the expectation that they will pay 30% of their adjusted income towards rent.
The percentage of renters in the area who could benefit from Section 8 is also noted as N/A%. This suggests a significant demand for affordable housing options, though exact figures are not available. High demand can mean a steady stream of potential tenants, but it also underscores the importance of understanding the local rental market dynamics.
Regarding the acquisition cost of properties in ZIP 39122, the median home value is listed as N/A. This makes it difficult to assess the typical investment required to enter the market, but it's a key consideration for any new landlord. Knowing the average price range for homes in the area will help you determine whether a Section 8 rental fits within your budget and investment strategy.
Before deciding to enroll your property in the Section 8 program, it's crucial to verify that your property meets the minimum standards set by the Housing Quality Standards (HQS). These standards ensure that the rental unit is safe, decent, and sanitary for tenants. A thorough inspection and any necessary repairs to meet these standards should be completed prior to application.
Data Sources: FMR data from HUD (2027).
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.