Location: Winston County, MS | Metro: Choctaw 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 | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $910 | $95,876 | 0.95% | C |
| 3BR | $1,180 | $148,769 | 0.79% | D |
| 4BR | $1,190 | $215,677 | 0.55% | F |
| 5BR | $1,380 | $257,256 | 0.54% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 39339, encompassing Louisville, MS, and the surrounding Winston County metro area, does not align favorably for landlords. The Federal Market Rent (FMR) set at $840 for fiscal year 2026 contrasts sharply with the actual market rent reported at $687 according to the Census ACS data. This discrepancy indicates that landlords may struggle to cover costs and generate profit if they rely solely on market rates.
Acquisition of properties in this ZIP code appears to be relatively affordable, given the median home value stands at $139,599. However, the lack of available days on the market (DOM) data and the fact that only 0.1% of listings experienced price cuts suggest a limited supply and potentially competitive market conditions. Landlords should be prepared for variable pricing dynamics and possibly higher upfront costs when purchasing homes.
Tenant demand in ZIP 39339 is moderate. With a total population of 14,460, approximately 28.2% are renters, translating to around 4,076 individuals or households seeking rental accommodations. While this represents a sizable tenant pool, it is essential to consider the local economic environment and employment opportunities to gauge the sustainability of this demand.
Verdict: Investing in ZIP 39339 presents challenges and opportunities. The rent math is unfavorable due to the gap between FMR and actual market rents. Acquisition is affordable but may face competition due to limited data on DOM and price cuts. Tenant demand exists but is contingent on local economic factors. Landlords should proceed cautiously, ensuring thorough due diligence on property costs and tenant stability before making investment decisions.
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.