Location: Pascagoula, MS | Metro: Pascagoula, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
The analysis of ZIP code 39552, which falls under the Pascagoula, MS HUD Metro FMR Area, reveals several key points regarding its viability for Section 8 investments.
Firstly, the rent math does not work effectively due to the lack of available market rent data. The Fair Market Rent (FMR) for the area is set at $1080 for fiscal year 2024, but without comparative market rent figures, it's impossible to determine if this rate adequately compensates landlords for their expenses and desired profit margins.
Secondly, the affordability of property acquisitions in this ZIP code cannot be assessed accurately. The median home value is not provided, nor are the days on market (DOM) and the percentage of homes that have undergone price cuts. These metrics are crucial for understanding how competitive the local real estate market is and whether it presents opportunities for acquiring properties at favorable prices.
Lastly, tenant demand is uncertain. The population and the percentage of renters in the area are not specified, making it difficult to gauge the potential occupancy rates and the stability of rental income. Without these figures, landlords cannot make informed decisions about the likelihood of finding and retaining tenants who qualify for Section 8 housing assistance.
Verdict: Investing in ZIP code 39552 based on Section 8 criteria is challenging due to insufficient data. The rent math cannot be fully evaluated, acquisition costs remain unclear, and tenant demand is uncertain. Landlords and investors should seek additional local market insights before committing to this area.
Data Sources: FMR data from HUD (2027).
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.