Location: Hattiesburg, MS | Metro: Stone County, 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 | $880 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $207,565 | 0.64% | D |
| 4BR | $1,600 | $293,739 | 0.54% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 39577 in fiscal year 2024 is set at $930. This figure represents the payment standard for Section 8 housing vouchers in your area, meaning it's the maximum amount that the government will pay toward rent for a voucher holder. It does not represent the actual rent you can charge, but rather the ceiling on what the voucher program will cover.
In ZIP 39577, the average market rent is slightly higher at $933, according to recent Census American Community Survey data. This indicates that the FMR is very close to the typical rent in the area, leaving little room for additional rent beyond the voucher payment. However, landlords can charge a small portion above the FMR, known as the tenant's share, which must be paid by the tenant directly.
The 23.9% of households that are renters in ZIP 39577 suggests there is a moderate demand for rental properties. While not overwhelming, this percentage does indicate a steady need for affordable housing options, which can be met through participating in the Section 8 program.
When considering the purchase of a property for a Section 8 rental, the median home value in ZIP 39577 is approximately $174,089. This is an important figure when assessing the potential investment. Keep in mind that the acquisition cost should align with the expected returns from the rental income and any subsidies provided by the Section 8 program.
Before proceeding with your first Section 8 rental in ZIP 39577, verify that the property meets all local housing quality standards, known as Housing Quality Standards (HQS). These standards ensure the property is safe and livable for tenants and are mandatory for participation in the program. Compliance with HQS is crucial to avoid delays in securing a tenant and to maintain eligibility in the Section 8 program.
By understanding the FMR, local rent averages, and the demand for rentals, you can make an informed decision about whether Section 8 is a suitable option for your investment strategy in ZIP 39577.
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.