Location: Smith County, MS | Metro: Scott County, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,220 |
| 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 39152 has a population of 583 individuals, with only 5.5% of residents being renters. This indicates that the area is predominantly homeowner-dominated rather than renter-heavy. The median household income stands at $42,096, which provides a baseline for assessing the affordability of housing in the region.
Despite the low percentage of renters, the demand for rental properties among those who do rent could be significant if many rely on Section 8 vouchers. However, without specific data on the number of active vouchers in the area, it's challenging to quantify the depth of voucher demand accurately.
To understand how rent compares to local incomes, consider the Fair Market Rent (FMR), which is set at $960 for the fiscal year 2026 in the metropolitan area. If we assume that the typical market rent aligns closely with the FMR, then rent would consume approximately 2.3% of the median household income annually. This calculation is derived from dividing the annualized FMR ($11,520) by the median household income ($42,096).
Landlords in ZIP 39152 can expect tenants who are likely to have a modest income, making them highly dependent on affordable housing options such as Section 8 vouchers. These tenants will be looking for stable housing solutions within their budget constraints.
In conclusion, while the ZIP code is not heavily populated with renters, those who do rent are likely to have a strong need for affordable housing options due to the relatively low median income. Landlords should prepare for tenants who require financial assistance through government programs to meet their housing needs.
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.