Location: Kemper County, MS | Metro: Kemper County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
The ZIP code 39358 stands out due to its relatively low number of residents at 1,174, which makes it a smaller community compared to many others. With 38.5% of the population renting their homes, it suggests a significant portion of the community relies on rental properties, including those that might be supported by housing assistance programs. The median income of $51,786 indicates that while the area is not extremely affluent, it is also not among the lowest-income regions.
The median home value data is not available, which could imply a variety of scenarios, such as a high proportion of rentals or unique property valuation challenges in the area. However, the Federal Market Rent (FMR) for ZIP 39358 is set at $840 for fiscal year 2026, which is slightly below the current market rate of $845 according to the Census ACS. This means that landlords participating in the Section 8 program will receive a subsidy that is just under the average market rent for the area. It's important to note that the discrepancy between the FMR and market rates can impact the attractiveness of the program for landlords, especially if the difference is significant. In this case, the difference is minimal, potentially making participation in the Section 8 program more appealing despite the lower subsidy.
Based on the data signature, ZIP 39358 appears to be a stable area. The slight gap between the FMR and market rents, along with the moderate level of renters and median income, suggests a balanced market where both landlords and tenants can find reasonable accommodation options. While the lack of median home value data adds an element of uncertainty, the overall picture points towards a steady environment where the Section 8 program can continue to support a segment of the rental market without major disruptions.
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.