Location: Gulfport-Biloxi, MS | Metro: Gulfport-Biloxi, MS HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,300 | $181,801 | 0.72% | D |
| 3BR | $1,670 | $209,574 | 0.8% | D |
| 4BR | $1,890 | $300,256 | 0.63% | D |
| 5BR | $2,192 | $359,784 | 0.61% | D |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 landlord in ZIP code 39560 in Long Beach, MS, must be carefully considered. Tenant turnover is a significant concern due to the disparity between the market rent of $1,344 and the Fair Market Rent (FMR) for FY 2024, which is set at $1,280. This difference can lead to tenants seeking higher market rents, increasing turnover rates and potentially causing financial strain.
Vacancy exposure is another critical issue. With an average Days on Market (DOM) of 39 days, landlords face a relatively short period before their property becomes vacant again, which can result in lost rental income during these periods. Additionally, the deferred maintenance exposure is notable. The typical home value in this area is $231,930, while the median income is $69,769. This gap suggests that homeowners may struggle to keep up with necessary repairs and maintenance, which can impact the quality of the housing stock available for Section 8 vouchers.
However, these risks are mitigated by the high renter share in the area, which stands at 33.7%. High renter density typically indicates strong demand for rental properties, including those that accept Section 8 vouchers. This robust demand can help stabilize occupancy rates and reduce the likelihood of prolonged vacancies.
In conclusion, the risk for a first-time Section 8 landlord in ZIP 39560 is moderate.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.