Location: Jasper County, MS | Metro: Jasper County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,200 |
| 5 Bedrooms | $1,392 |
| 6 Bedrooms | $1,559 |
| 7 Bedrooms | $1,684 |
| 8 Bedrooms | $1,768 |
U.S. Census Bureau data (2024)
The ZIP code 39348 is situated in a rural area of Mississippi, characterized by a small population of 2,240 residents. With only 16.3% of the population renting their homes, it's clear that this is a community where homeownership is the predominant form of housing. The median household income in this area stands at $22,200, which is significantly below the national average, indicating a lower-income demographic. The lack of reported median home values suggests that housing data might be sparse or inconsistent in this region, possibly due to its rural nature.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $870. This figure is crucial for understanding the potential rental income in areas where Section 8 vouchers are utilized. However, the absence of market rent data complicates a direct comparison between FMR and local rents, making it challenging to assess how competitive the FMR is against typical market rates. Despite this, the low median income implies that many residents would likely qualify for assistance programs such as Section 8, increasing the demand for affordable housing options.
Given the characteristics of ZIP 39348, it would suit a hands-off voucher operator rather than a hands-on value-add buyer. The high proportion of qualified tenants means that properties can be rented out easily through the Section 8 program without the need for extensive renovations or amenities. Investors looking for stable, long-term returns with minimal management effort should find this ZIP code appealing. However, those seeking to actively improve property values through enhancements might face limitations due to the low-income profile of the area and the lack of robust housing market data.
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.