Location: Lauderdale County, MS | Metro: Lauderdale County, MS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,450 | $125,403 | 1.16% | B |
| 4BR | $1,450 | $206,023 | 0.7% | D |
U.S. Census Bureau data (2024)
The real estate market in ZIP 39364 presents a unique set of conditions that are important for landlords and small-portfolio investors to understand. The median home value stands at $138,181, which is a critical figure when assessing the overall health and potential growth of the housing market in this area.
Absent percentage data on listings being reduced suggests a stable market where neither sellers nor buyers are under significant pressure to adjust their expectations. This stability can be indicative of a balanced market, where neither side has an overwhelming advantage in terms of pricing power.
The median days on market (DOM) being listed as N/A might imply that homes are selling relatively quickly, but without specific data, it's challenging to draw definitive conclusions. In a scenario where DOM is low, it would suggest strong demand and potentially allow for higher listing prices or quicker sales. However, if DOM were high, it could indicate a slower market with more negotiation room for buyers.
On the rental side, the Fair Market Rent (FMR) for ZIP 39364 is projected to reach $1,060 by fiscal year 2026, which provides a benchmark for rental rates in the area. While the current market rent is listed as N/A, this projection gives insight into the future direction of rental prices. For landlords, maintaining rents close to the FMR ensures competitiveness while capturing the value of the property.
For long-term investors, the setup implies a moderate appreciation thesis. With a median home value that is relatively low compared to national averages, there is potential for gradual growth, especially if economic factors such as job creation and population growth favor the region. However, the lack of specific data on recent reductions and DOM makes it difficult to ascertain the exact pace of appreciation.
In summary, the current median home value and projected FMR provide a solid foundation for investment decisions. The absence of certain metrics points towards a need for continued monitoring of local real estate trends to make informed adjustments to pricing strategies both for sales and rentals.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.