Location: Smith County, MS | Metro: Jasper County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
U.S. Census Bureau data (2024)
The ZIP code 39422 stands out due to its unique demographic and economic characteristics. With a population of 4,427 residents, it has a rental rate of 17.6%, indicating a smaller but significant portion of renters compared to owners. The median income here is $51,670, while the median home value is notably higher at $134,337. This suggests that homeownership is more expensive relative to income, which could influence the demand for rental properties.
Moving to the specifics of Section 8 housing assistance, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $840. However, the current market rent, according to Census ACS data, is lower at $675. This discrepancy means that landlords participating in the Section 8 program can potentially receive higher rents than the local market average, making it an attractive option for those looking to stabilize their cash flow and attract reliable tenants.
The data signature for ZIP 39422 reads as stable. The relatively low percentage of renters combined with a higher median home value indicates a community where homeownership is valued and sought after. Despite the stable nature of the ZIP code, the opportunity for landlords to benefit from higher-than-market rental rates through the Section 8 program remains a key factor. This could encourage more landlords to participate in the program, especially if they aim to fill vacancies with tenants who have guaranteed rent payments.
In summary, ZIP 39422 offers a mix of affordability challenges and opportunities for landlords. While the overall environment is stable, the potential for higher rental income through the Section 8 program makes it a strategic choice for small-portfolio investors looking to capitalize on government subsidies while providing affordable housing options.
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.