Location: Winston County, MS | Metro: Kemper County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $730 |
| 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 |
U.S. Census Bureau data (2024)
24.0% of residents in ZIP code 39341 are renters, indicating a significant portion of the population relies on rental housing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $840, which is notably higher than the average market rent reported by the Census ACS at $627. This discrepancy suggests potential opportunities for landlords to adjust their rental pricing closer to the FMR without significantly deterring tenants. The median home value in the area stands at $111,145, making it accessible for first-time homebuyers and investors looking to enter the real estate market. However, the median income of $45,535 may limit the purchasing power of many residents, pointing to a continued reliance on rental properties. Given the data, there is no information available regarding the days on market (DOM) or the percentage of homes that have had their prices cut, which could indicate a stable market where properties are selling at or near asking price. In conclusion, landlords and small-portfolio investors should consider the favorable conditions presented by the higher FMR compared to the current market rent, coupled with an accessible median home value and a substantial renter share. This analysis supports a positive outlook for Section 8 participation in ZIP code 39341.
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.