Location: Greene County, MS | Metro: Greene County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,120 |
| 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)
ZIP code 39461, located in Hancock County, Mississippi, stands out due to its unique demographic and economic characteristics. With only 394 residents, it has a rental rate of 37.4%, indicating a significant portion of the population opts for leasing rather than owning property. The median household income in this ZIP is $56,375, while the median home value is notably higher at $159,838. This suggests that homeownership is a substantial investment for those who choose to buy.
Moving onto the voucher economics, the Fair Market Rent (FMR) for ZIP 39461 for the fiscal year 2026 is set at $840. However, there is currently no available data on the local market rent or the number of active vouchers. Given the high median home value relative to the median income, it's plausible that many residents rely on housing assistance programs to afford living in this area.
The data signature for ZIP 39461 reads as stable. The relatively high median home value and median income indicate a community where property ownership is valued and financially feasible for some residents. While the rental rate is substantial, the lack of recent market rent data and the fixed FMR suggest a steady state without significant fluctuations. Landlords and small-portfolio investors should consider the reliance on government-assisted housing when evaluating their investment strategies in this ZIP code.
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.