Location: Warren County, MS | Metro: Warren County, MS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,280 | $165,529 | 0.77% | D |
| 4BR | $1,350 | $263,001 | 0.51% | F |
U.S. Census Bureau data (2024)
The ZIP code 39180 presents a dynamic rental market that is currently in equilibrium but shows signs of potential shifts. The Fair Market Rent (FMR) for the area stands at $970, which is reflective of the metro region's FY 2026 estimates. In contrast, the actual market rent, measured by the Zillow Observed Rent Index (ZORI), is $900. This suggests that while rents are expected to rise, they have not yet reached the projected levels.
A key indicator of market health is the price-cut share, which is only 0.2%. This low figure implies that landlords are generally setting competitive prices without needing to reduce them significantly to attract tenants. However, the lack of available data on days on market (DOM) indicates either a stable market or an underreported metric, which could be due to rapid leasing without extended vacancy periods.
The median home value in ZIP 39180 is $144,072, a figure that can be influenced by various factors including the local economy, job availability, and the overall desirability of the area. With a 30.1% renter share, it becomes evident that a significant portion of the population opts for renting over buying. This high percentage of renters can exert long-term housing pressure, as it suggests a continuous demand for rental properties rather than homeownership. Landlords and small-portfolio investors should consider this trend when evaluating the sustainability of their investment strategies in this area.
In summary, ZIP 39180 appears to be a market where demand is closely matched with supply, with slight indications that demand might be slightly higher given the relatively low price-cut share and the disparity between FMR and ZORI. The substantial renter share points to a persistent need for rental units, making it a viable option for those looking to invest in a steady rental market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.