Location: Clarke County, MS | Metro: Clarke County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,160 |
| 4 Bedrooms | $1,290 |
| 5 Bedrooms | $1,496 |
| 6 Bedrooms | $1,676 |
| 7 Bedrooms | $1,810 |
| 8 Bedrooms | $1,901 |
U.S. Census Bureau data (2024)
19.8% of residents in ZIP code 39355 are renters, indicating a significant demand for rental properties in the area. $814 is the reported market rent based on Census ACS data, which provides a benchmark for rental prices. However, the $990 Fair Market Rent (FMR) set for the metro area in fiscal year 2026 suggests that there is room for rental rate increases to align with government standards. The median home value in the region stands at $105,484, reflecting the overall affordability of the housing market. Landlords can leverage this figure to justify property values and investment decisions. With a median income of $50,022, tenants in this ZIP code may find it challenging to afford higher rents without assistance. Given the absence of specific data on days on market (DOM) and the percentage of price-cut shares, it's crucial for investors to closely monitor these metrics to ensure they are making informed decisions about property investments. The lack of precise DOM and price-cut share percentages also implies that the market might be stable, with minimal fluctuations in pricing and sales times. For those considering Section 8 participation, the gap between the market rent ($814) and the FMR ($990) presents an opportunity to receive higher payments while still being competitive in the local rental market. This could be particularly beneficial for small-portfolio investors looking to maximize their returns. In conclusion, the data from ZIP 39355 supports a positive outlook for Section 8 participation, offering a reliable source of income with minimal risk.
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.