Location: Greene County, MS | Metro: Hattiesburg, MS MSA
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 | $760 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,320 |
| 5 Bedrooms | $1,531 |
| 6 Bedrooms | $1,715 |
| 7 Bedrooms | $1,852 |
| 8 Bedrooms | $1,945 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,220 | $152,510 | 0.8% | D |
U.S. Census Bureau data (2024)
The ZIP code 39456 stands out in County XX due to its unique demographic and economic characteristics. With a population of 1,027 residents, only 12.1% of whom rent their homes, it is clear that homeownership is the predominant form of housing in this area. The median income for residents is $41,818, while the median home value is significantly higher at $147,754, indicating a strong preference for owning property despite relatively modest incomes.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 39456 in fiscal year 2024 is set at $940. This figure contrasts sharply with the actual market rent, which according to Census ACS data, is $777. Landlords and small-portfolio investors should take note of this discrepancy, as it suggests a potential opportunity to secure tenants through the Section 8 program without necessarily having to match the higher FMR rates. However, the lower market rent also implies that there might be a competitive landscape for rental properties, especially those that accept vouchers.
The data signature for ZIP 39456 reads as stable. The low percentage of renters and high median home value suggest a community that values long-term ownership over short-term leasing. This stability is further reinforced by the consistent gap between FMR and actual market rents, which has remained relatively unchanged over recent years. For investors looking to enter this market, understanding these dynamics is crucial for making informed decisions about property investments and management strategies.
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.