Location: Jasper County, MS | Metro: Jasper County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The classification of ZIP code 39481 hinges on a careful analysis of yield and stability indicators. On the yield axis, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030. This contrasts sharply with the market rent of $488, suggesting that properties here could potentially attract tenants willing to pay above market rates due to government subsidies. The median home value of $157,761 further supports this notion, indicating that the investment cost is relatively low compared to the potential rental income.
Moving to the stability axis, we find that only 17.2% of residents are renters, which points towards a less stable tenant pool. However, the lack of data on days on market (DOM) and the average household income of $61,458 provide some balance. The income figure suggests that there is a reasonable financial capacity among residents to meet rental obligations, even if the proportion of renters is modest.
Given these specifics, ZIP 39481 does not fully align with the characteristics of a high-yield/low-stability flip-style market. Instead, it leans more towards being a steady-cashflow zone. The substantial difference between the FMR ($1,030) and the market rent ($488) indicates a significant upside for rental income, particularly when leveraging Section 8 vouchers. Simultaneously, the median household income ($61,458) offers a measure of security regarding the ability of residents to sustain long-term tenancies. While the percentage of renters (17.2%) is lower than desirable, it does not completely negate the positive aspects of higher subsidized rents and the overall affordability of homes in the area.
To conclude, for landlords and small-portfolio investors, ZIP 39481 represents an opportunity for steady cash flow, bolstered by the potential for above-market rental income through Section 8 participation. The relatively low home values also make this a feasible investment for those looking to enter the real estate market without a large upfront capital requirement.
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.