Location: Leake County, MS | Metro: Scott County, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,310 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 39189, located in a county with 3,971 residents, stands out due to its unique mix of economic indicators. With 35.2% of the population renting, it suggests a notable demand for affordable housing options. The median income in this area is $49,083, which is relatively low compared to the median home value of $160,022, indicating that homeownership might be less accessible for many residents.
For landlords and small-portfolio investors, understanding the dynamics of Section 8 vouchers is crucial. In ZIP 39189, the Fair Market Rent (FMR) for fiscal year 2026 is set at $940, slightly below the market rent of $973 according to the Census ACS data. This means that landlords who accept Section 8 vouchers will see a rental rate that is close to market conditions, with only a minor gap of $33 per month.
The data signature for ZIP 39189 reads as stable. The slight difference between the FMR and market rent indicates that the local rental market is not significantly overvalued or undervalued relative to the federal guidelines. For investors, this stability can be reassuring as it suggests that the rental market is likely to remain consistent, providing reliable returns on investment without the volatility often seen in transitional areas.
However, the relatively high median home value compared to the median income also points to an opportunity for rental properties. Landlords can position themselves to cater to the significant portion of renters by offering well-maintained, affordable units. This strategy aligns with the economic reality of the area, where a substantial number of residents rely on rental housing.
In conclusion, ZIP 39189 presents a stable environment for real estate investment, particularly in rental properties. The close alignment between FMR and market rent ensures that landlords participating in the Section 8 program can expect steady, predictable cash flows. Additionally, the high median home value coupled with lower median income supports the ongoing need for affordable rentals, making it a promising area for those interested in long-term, low-risk investments.
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.