Location: Jones County, MS | Metro: Jasper County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,490 |
| 5 Bedrooms | $1,728 |
| 6 Bedrooms | $1,935 |
| 7 Bedrooms | $2,090 |
| 8 Bedrooms | $2,195 |
U.S. Census Bureau data (2024)
The ZIP code 39480 is situated in a rural area of Mississippi, characterized by a modest population of 2,076 residents. Only 13.4% of these residents are renters, indicating a predominantly owner-occupied community. The median household income stands at $74,853, which is relatively high compared to the state average, suggesting a stable economic base. The median home value is $173,281, reflecting an affordable housing market.
From an investment perspective, the Federal Market Rent (FMR) for ZIP 39480 is set at $1,120 for the fiscal year 2026, whereas the current market rent based on Census ACS data is $845. This discrepancy presents an opportunity for landlords who can leverage the higher FMR rates to increase their rental income, particularly if they cater to tenants eligible for Section 8 vouchers.
The low percentage of renters in the area implies a smaller pool of potential Section 8 tenants, but it also suggests less competition among landlords. For hands-off operators, this could mean a steady, albeit smaller, stream of Section 8 tenants, ensuring reliable cash flow without the need for extensive property management. On the other hand, for hands-on investors looking to add value, the lower market rent offers a chance to renovate properties and command rents closer to the FMR, thereby increasing profitability.
In summary, ZIP 39480 provides a balanced environment for both hands-off and hands-on Section 8 investors. Hands-off operators can benefit from a stable income with minimal management effort, while value-add buyers have the potential to significantly boost returns through property improvements and strategic pricing.
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.