Location: Jasper County, MS | Metro: Jasper County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 39356 within the Jasper County, Mississippi metro area reveals a favorable environment for cashflow generation. The HUD Fair Market Rent (FMR) for the area is set at $870 for fiscal year 2026, which is significantly higher than the average market rent of $592 reported by the Census ACS. This indicates that voucher tenants will likely cashflow at the FMR rate, providing a strong financial advantage to landlords.
To further understand the investment potential, consider the median home value in ZIP 39356, which stands at $143,344. Using the HUD FMR of $870, we can calculate a rent-to-price ratio of approximately 0.0061, or 0.61%. This ratio suggests that the rental income generated from properties in this area is relatively low compared to their purchase price, but it does not detract from the positive cashflow potential given the disparity between market rents and the FMR.
The data provided does not include the median days on market (DOM) or the percentage of homes that required price cuts, both of which would be relevant metrics for assessing the buy-versus-rent dynamics. However, the absence of these figures does not obscure the primary benefit for investors: the ability to secure higher rents through Section 8 vouchers while operating in an area where market rents are notably lower.
In conclusion, the strongest investor angle in ZIP 39356 is undoubtedly the cashflow potential, enabled by the difference between the HUD FMR and the actual market rent. This makes the area particularly attractive for landlords and small-portfolio investors looking to maximize their rental income without being constrained by high property values.
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.