Location: Jefferson Davis County, MS | Metro: Simpson County, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 39149 presents a unique set of conditions that both landlords and small-portfolio investors should consider carefully. With a median home value of $140,372, this area stands out as an affordable option compared to many other regions. However, the lack of percentage reduction in listings and the unspecified median days on market (DOM) indicate a stable but not rapidly changing market environment.
The stability in the number of listings suggests that there isn't a significant oversupply or undersupply of homes at present, which means pricing power is likely to remain moderate over the next 12-24 months. This implies that while landlords can maintain their rental rates without fear of losing tenants due to competition, they also shouldn't expect substantial increases in rent without corresponding improvements or upgrades to their properties.
On the rental side, the Fair Market Rent (FMR) for ZIP 39149 is set at $900 for fiscal year 2024, according to the U.S. Department of Housing and Urban Development (HUD). The comparison to the current market rent, which is currently not available, will be critical for investors to understand the potential for increasing rents in line with the FMR. If the current market rent is below the FMR, there could be room for adjustments upwards, though this must be done cautiously to avoid tenant turnover.
For long-term investors, the setup in ZIP 39149 implies a realistic appreciation thesis based on steady growth rather than rapid escalation. Given the median home value and the current economic indicators, appreciation is expected to follow broader regional trends. Investors should focus on property management efficiencies and strategic upgrades to enhance the value of their holdings over time.
In summary, the data points to a market where affordability is a key factor, and stability reigns. Landlords and investors can expect to maintain their positions without drastic changes, but opportunities for growth will require proactive management and alignment with broader economic and housing policies.
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.