Location: Noxubee County, MS | Metro: Kemper County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 39361 in Noxubee County, Mississippi reveals several key points for potential Section 8 real estate investments.
The first question addresses whether the rent math works. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $900. This figure is slightly below the market rent reported by the Census ACS, which stands at $911. Landlords can expect to receive a rent subsidy that covers the difference between the FMR and the tenant's portion, making the math feasible but tight.
Moving on to the affordability of property acquisition, the data indicates that the median home value is not available (N/A), as well as the days on market (DOM) and the percentage of homes that have been price-reduced (price-cut share). Without these specific figures, it's challenging to assess the ease or difficulty of acquiring properties at affordable prices in this ZIP code. However, the absence of these metrics does not necessarily indicate a lack of opportunity; it simply means that additional research would be needed to understand the local real estate market dynamics.
The third point concerns tenant demand. With a population of 1,190 and a renter share of 16.3%, there is a modest pool of potential tenants who might qualify for Section 8 housing assistance. Given the relatively small population size, the number of eligible renters is limited, which could impact the demand for rental properties.
Verdict: While the rent math is nearly aligned with market conditions, making it possible for landlords to participate in the Section 8 program without significant loss, the lack of detailed acquisition cost data poses a challenge. The modest tenant demand suggests that landlords should carefully evaluate the competition and the specific needs of the community before investing. Despite the uncertainties, the opportunity exists for those willing to conduct thorough due diligence and understand the local market intricacies.
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.