Location: Wayne County, MS | Metro: Jasper County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,090 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
18.8% of the population in ZIP code 39443 are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $890, which is a key figure for landlords participating in the Section 8 program. Comparatively, the market rent based on Census ACS data stands at $763, suggesting that while there is a slight premium for Section 8 tenants, it remains within reasonable bounds.
$173,484 is the median home value in this area, reflecting a stable housing market that can support both homeownership and rental investments. The median income of $59,388 provides insight into the financial capabilities of potential residents, ensuring that there is a sufficient pool of individuals who can afford the rents set at $890.
While the days on market (DOM) is listed as N/A, this could be due to limited data or recent changes in the local real estate market. However, the price-cut share of 0.2% indicates that property values are generally holding steady without significant discounts being offered to attract buyers, which is positive for maintaining investment value.
The disparity between the FMR of $890 and the market rent of $763 presents an opportunity for landlords to receive higher rental payments through the Section 8 program, thereby potentially increasing their cash flow. Given the stable median home value and low price-cut share, it's clear that the real estate market in ZIP 39443 is robust and likely to support such investments.
Based on these figures, the verdict for Section 8 participation in ZIP 39443 is favorable, offering a reliable source of rental income with minimal risk to 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.