Section 8 Fair Market Rent (FMR) for ZIP 39350 - 2027

Location: Winston County, MS | Metro: Kemper County, MS

Investment Score for ZIP 39350

N/A

Monthly Rent (2BR)

$910

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$810
2 Bedrooms	$910
3 Bedrooms	$1,180
4 Bedrooms	$1,230
5 Bedrooms	$1,427
6 Bedrooms	$1,598
7 Bedrooms	$1,726
8 Bedrooms	$1,812

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,180	$157,291	0.75%	D

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

23,778

Median Household Income

$54,779

Housing Units

9,910

Renter Percentage

22.4%

Occupancy Rate

85.9%

Renter Occupied

1,908

The ZIP code 39350, located in Mississippi, presents a unique opportunity for real estate investors interested in the Section 8 housing market. The area is characterized by a mix of residential properties and a moderate demand for affordable housing solutions.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, providing a benchmark for rental prices that landlords can use to ensure their properties remain competitive and attractive to potential tenants.
The average market rent, according to Census ACS data, stands at $836, indicating a slightly lower rent compared to the FMR, which could be a factor in attracting non-subsidized tenants.
The median home value in the area is $137,094, reflecting a relatively affordable market for both homeowners and investors looking to purchase rental properties.
Renters make up 22.4% of the population, showing a significant portion of residents who rely on rental housing, including those who might benefit from Section 8 subsidies.
The median income of $54,779 suggests that many residents may qualify for the Section 8 program, given the income limits associated with it.

Investors in ZIP 39350 should consider the area's FMR and market rent figures when setting their rental prices, aiming to balance affordability with profitability. With a median home value of $137,094, the cost of entry into the rental market remains low, making it accessible for small-portfolio investors. The substantial renter share and median income levels indicate a strong potential for demand among Section 8 participants, positioning the area as a viable investment option for those focused on subsidized housing markets.

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.