Location: Yazoo County, MS | Metro: Yazoo County, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,490 |
| 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 ZIP code 39179, located in Yazoo County, MS, offers a unique opportunity within a Section 8 portfolio strategy. Given the specific metrics available for this area, it stands out primarily as a cash-flow anchor.
The Fair Market Rent (FMR) for a one-bedroom apartment in ZIP 39179 for fiscal year 2024 is set at $970 according to HUD's Metro FMR Area data. The market rent for a similar unit is slightly higher at $973, indicating a minimal spread that supports steady cash flow without significant risk of vacancy due to pricing discrepancies. Additionally, the median home value in the area is $157,361, which reflects a stable housing market where property values are unlikely to experience drastic fluctuations.
While there isn't data on price-cut shares or days on market (DOM), these factors typically influence an appreciation play. However, in ZIP 39179, the lack of such volatile indicators suggests that the primary benefit lies in consistent cash flow rather than rapid property value increases.
ZIP 39179 also serves as a diversifier within a broader investment portfolio. With 8.5% of the population being renters, landlords can expect a steady demand for rental properties. The median income in the area is $33,500, aligning well with the income levels of potential Section 8 tenants who are likely to be seeking affordable housing options.
In conclusion, ZIP 39179 is best suited as a cash-flow anchor for a Section 8 portfolio. Its close alignment between HUD's FMR and actual market rents, along with a stable median home value, ensures that landlords can rely on steady returns without the need for frequent adjustments to rental prices. This makes it a reliable component of any investment strategy aimed at generating predictable income from rental properties.
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.