Location: Gulfport-Biloxi, MS | Metro: Gulfport-Biloxi, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP 39507 (Gulfport, MS) reveals key insights into the potential returns for landlords and small-portfolio investors. To begin, the Fair Market Rent (FMR) for a 2-bedroom apartment in FY 2024 is set at $1,150 annually. The median home value in Gulfport is $209,229. Using these figures, we can calculate the implied gross yield.
If a landlord relies solely on the Section 8 payment standard of $1,150 per month, the annual rental income would be $13,800. Dividing this by the median home value of $209,229 gives an implied gross yield of approximately 6.6%. However, if the landlord can command the market rent of $1,378 per month, the annual rental income increases to $16,536, resulting in a gross yield of about 7.9% when compared to the median home value.
The 44.3% renter density suggests a significant portion of the population in Gulfport is already租房者，这表明该地区的租房需求相对较高。同时，考虑到平均上市天数（DOM）为73天，这意味着房产在市场上停留的时间相对较短，显示出较强的市场需求。
基于这些数据，市场租金为$1,378的场景更为现实。尽管Section 8提供的租金标准为$1,150，但较高的租户密度和较短的上市天数表明，投资者有可能以接近市场租金的价格出租房产，从而获得更高的毛收益率。
总结来说，对于ZIP 39507的房产，投资者应预期毛收益率在6.6%到7.9%之间，具体取决于是否能以市场租金出租房产。考虑到该地区的租户密度和上市天数，以市场租金出租的可能性较大，因此7.9%的毛收益率更可能实现。
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.