Location: Kemper County, MS | Metro: Kemper 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 median home value in ZIP code 39352, located in Porterville, Mississippi, stands at approximately $84,700. This figure is derived from recent real estate data and is notably lower than the national average.
To provide a clearer picture of the potential investment through Section 8, let's consider the annualized fair market rent (FMR) for a 2-bedroom unit, which is set at $970 per month for FY 2026. However, the market rent for the area is currently unavailable. We can still calculate the implied gross yield for both scenarios:
If we use the Section 8 FMR of $970 per month, the annual rent would be $11,640. Given the median home value of $84,700, the implied gross yield would be about 13.74%.
In the absence of market rent data, we cannot provide an accurate comparison for the gross yield. However, it is important to note that the actual market rent could potentially exceed the Section 8 FMR, leading to a higher gross yield.
Considering the 50.5% renter density in ZIP 39352, it suggests a balanced market where both homeowners and renters coexist. The lack of days on market (DOM) data makes it challenging to assess the current demand for rental properties specifically. Nevertheless, the implied gross yield based on the Section 8 FMR provides a conservative estimate for potential returns.
Investors should recognize that the gross yield calculated using the Section 8 FMR represents a baseline scenario. Market conditions and the actual rent achieved could significantly impact the true profitability of an investment in this ZIP code. Therefore, while the 13.74% gross yield is a useful starting point, further analysis is necessary to determine the overall attractiveness of the investment opportunity.
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.