Section 8 Fair Market Rent (FMR) for ZIP 39177 - 2027

Location: Issaquena County, MS | Metro: Issaquena County, MS

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$770
2 Bedrooms	$910
3 Bedrooms	$1,120
4 Bedrooms	$1,200
5 Bedrooms	$1,392
6 Bedrooms	$1,559
7 Bedrooms	$1,684
8 Bedrooms	$1,768

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

104

Median Household Income

$55,167

Housing Units

Renter Percentage

32.9%

Occupancy Rate

100.0%

Renter Occupied

ZIP 39177, located in Issaquena County, MS, can serve as a diversifier within a Section 8 portfolio strategy. The median income for the area is $55,167, indicating a modest economic environment that aligns well with the financial constraints of many Section 8 tenants. With a 32.9% renter share, there is a significant demand for affordable housing options.

The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $840. However, the specific market data and median home values for ZIP 39177 are currently not available. This lack of precise local data suggests that the area may offer opportunities for landlords and small-portfolio investors seeking to expand into regions where the national and state-level trends do not fully capture the local dynamics.

Diversification is key to any investment strategy, and ZIP 39177 provides a unique opportunity due to its distinct demographic profile. The modest median income and high renter share make it an ideal location for properties under the Section 8 program, which guarantees a stable cash flow. While it does not present itself as a cash-flow anchor or an appreciation play based on the available data, the potential for steady rental income makes it a valuable addition to a diversified portfolio.

To further understand the investment potential, landlords should consider the following:

Economic Stability: Given the median income level, the demand for affordable housing is likely to remain consistent.
Tenant Base: The high percentage of renters indicates a ready market for Section 8 properties.
Market Trends: Although specific local market data is unavailable, the broader context of the county and state can provide insights into future trends.

In conclusion, ZIP 39177 is best suited as a diversifier in a Section 8 portfolio strategy. It offers a niche market with a guaranteed tenant base through the Section 8 program, ensuring a reliable source of income for landlords and small-portfolio investors.

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.