Location: Hattiesburg, 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 | $850 |
| 1 Bedroom | $1,040 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,550 | $151,224 | 1.02% | B |
U.S. Census Bureau data (2024)
ZIP code 39462, located within the Hattiesburg, MS MSA, has a Fair Market Rent (FMR) of $900 for fiscal year 2024. This figure is crucial for landlords and investors interested in properties that cater to tenants eligible for Section 8 housing assistance. The FMR represents the maximum amount that can be charged for a unit under the program, making it an important benchmark.
The market rent for ZIP 39462 is currently not available. However, the median home value stands at $141,530. This value is indicative of the overall cost of real estate in the area and helps investors gauge the potential resale value and property appreciation rates.
A notable feature of ZIP 39462 is its relatively high renter share of 15.9%. This percentage is significant because it suggests a substantial portion of the population relies on rental housing. When combined with the FMR, it indicates that there might be a strong demand for affordable rental units, which could make this ZIP code attractive for Section 8 landlords and investors looking to tap into a reliable tenant pool.
To determine if ZIP 39462 is a value pocket, a mid-tier neighborhood, or a premium sub-market within the Hattiesburg, MS MSA, we must compare its figures to those of other ZIP codes within the same metro area. Typically, value pockets have lower home values and rents, while premium sub-markets command higher prices. Mid-tier neighborhoods fall somewhere in between.
Given that the FMR of $900 is a fixed rate set by HUD for the area, and assuming typical market rents in the Hattiesburg MSA are higher, ZIP 39462 likely leans towards being a value pocket. Its median home value of $141,530 also suggests that it is less expensive compared to some other areas in the MSA, reinforcing this classification.
The high renter share in ZIP 39462, when juxtaposed with the below-average home values, could signal a sweet spot for Section 8 investments. Landlords and investors should consider this ZIP code as a promising opportunity, especially if they are willing to participate in the Section 8 program to serve a large number of renters effectively.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.