Location: Newton County, MS | Metro: Newton 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 | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,140 | $218,862 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 39327 stands out due to its unique demographic and economic characteristics. With a population of 4,509 residents, it has a rental rate of 19.1%, indicating that nearly one in five households rent their homes. The median income in this area is $57,667, which is relatively modest compared to the median home value of $169,461. This suggests that homeownership is somewhat unattainable for many residents, making rental housing a critical component of the local real estate market.
In terms of Section 8 vouchers, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $850. However, the actual market rent, as per Census ACS data, is slightly higher at $879. This means that landlords participating in the Section 8 program will receive slightly less than the market average for their properties, but the program still provides a reliable source of income for those willing to accept vouchers.
The data signature for ZIP 39327 reads as stable. The slight discrepancy between the FMR and market rent indicates a balanced market where voucher holders can find suitable housing without significant difficulty. Landlords should be aware that while they might not receive the highest market rents, the steady stream of government-subsidized payments ensures a predictable income. Small-portfolio investors looking to enter the Section 8 market in this ZIP code can expect a consistent tenant base and a reasonable return on investment, given the local economic conditions and the nature of the housing demand.
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.