Location: Humphreys County, MS | Metro: Holmes County, MS HUD Metro FMR Area
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 | $750 |
| 1 Bedroom | $750 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,280 | $140,166 | 0.91% | C |
| 4BR | $1,290 | $221,696 | 0.58% | F |
U.S. Census Bureau data (2024)
The ZIP code 39194 presents several challenges for potential Section 8 landlords. Tenant turnover is a significant risk, as the market rent stands at $767 compared to the Fair Market Rent (FMR) of $910 for fiscal year 2024. This gap indicates that tenants might prefer higher-paying market rents over Section 8 vouchers, leading to frequent changes in occupancy. Additionally, vacancy exposure is heightened due to the lack of available data on days on market (DOM), which suggests that it can take an unpredictable amount of time to fill vacancies. The typical home value in the area is $88,955, while the median income is $32,260. This combination can lead to deferred maintenance issues, as lower-income households may struggle to cover unexpected repairs or improvements, potentially leaving the property in disrepair.
However, these risks must be weighed against the high renter share of 54.6%, which typically translates into strong demand for rental housing. High renter density often correlates with a robust need for affordable housing solutions, such as Section 8 vouchers. Landlords in this area can expect a steady stream of potential tenants who rely on government assistance to find housing, which can help mitigate the risk of prolonged vacancies.
In conclusion, the ZIP code 39194 presents a moderate risk for a first-time Section 8 landlord. While there are notable risks related to tenant turnover and deferred maintenance, the high renter share provides a counterbalance by ensuring a consistent pool of tenants seeking affordable housing options.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.