Location: Jones County, MS | Metro: Jasper County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,080 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
U.S. Census Bureau data (2024)
15.1% of residents in ZIP code 39477 are renters, indicating a significant but not overwhelming demand for rental properties in the area. $52,750 is the median income for households in this ZIP code, which is an important figure to consider when evaluating the financial stability of potential tenants. However, the lack of data on median home values suggests that the housing market might be less developed or that there is a scarcity of recent sales data, which could affect property appreciation. The market rent stands at $718 according to the Census ACS, providing a benchmark for setting competitive rental rates. Notably, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $950, offering a higher ceiling for rents and potentially attractive returns for landlords willing to meet the quality standards required to charge these rates. The absence of data on days on market (DOM) and the percentage of price-cut shares indicates either a stable market with few listings changing hands or limited available data, which could be a concern for investors looking for liquidity or frequent opportunities to purchase distressed properties. Given the outlined conditions, landlords and small-portfolio investors should focus on maintaining high-quality properties to justify rents closer to the FMR level. This approach will help ensure steady occupancy and competitive returns.
The verdict for Section 8 participation in ZIP 39477 is positive, given the discrepancy between the market rent and the FMR, which allows for a potential increase in rental income while still remaining accessible to the income level of the residents. However, landlords must be prepared to adhere to the program's guidelines and inspections to benefit from the higher FMR rates.
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.