Location: Newton County, MS | Metro: Jasper 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 | $770 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,080 |
| 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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,080 | $150,957 | 0.72% | D |
U.S. Census Bureau data (2024)
The median income in ZIP code 39345 stands at $40,105, indicating a modest economic base. Given the market rate for rent at $524 per month (based on Census ACS data), it becomes evident that a significant portion of the local population faces challenges in affording housing at these rates. This is further exacerbated when comparing the market rate to the federal payment standard of $900 (FMR for metro FY 2026).
The disparity between the median income and both the market rate and voucher payment standard highlights a substantial affordability gap. With 30.0% of the population being renters and a total population of 5,870, there is a notable segment of the community that may struggle to find suitable housing without assistance.
This situation means that landlords operating in ZIP 39345 will face intense competition for tenants who can pay the full market rate. The majority of potential renters might lean towards seeking properties that accept Section 8 vouchers due to the financial constraints they face. As such, landlords must consider their tenant acquisition strategy carefully.
The takeaway for landlords is clear: accepting Section 8 vouchers could be a strategic move to attract tenants in a market where many individuals cannot afford the full market rate. While vouchers provide a steady stream of income at a fixed rate of $900, landlords should weigh this against the potential vacancy risks associated with higher rents that fewer tenants can afford.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.