Location: Pascagoula, MS | Metro: Pascagoula, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $970 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The ZIP code 39595 stands as a market in motion, driven by the snapshot of data available. With a Fair Market Rent (FMR) of $1080 for the fiscal year 2024, the area presents a clear benchmark for rental pricing that landlords and small-portfolio investors can use to gauge their offerings. The FMR serves as a critical indicator, setting the stage for understanding the economic landscape within which these properties operate.
The absence of specific market rent figures suggests that there might be limited data on recent transactions, making it challenging to compare the FMR with actual rents being charged. This could imply either a lack of activity in the rental market or that the data is not widely reported. However, the fact that the FMR is established indicates a level of scrutiny and interest from federal agencies, pointing towards an active or at least regulated market.
The undefined percentage of price-cut share and days on market (DOM) further obscure the immediate supply-demand dynamics. Typically, a high DOM or significant price-cut share would indicate a market where supply outpaces demand, but without these figures, we cannot definitively conclude the current state of the rental market. Instead, we must infer that the market is balanced, with neither an overwhelming surplus nor a scarcity of units.
The median home value being listed as N/A implies that residential sales data may not be comprehensive or readily available. This could mean that the market is primarily rental-focused, or that the residential sales market is less active compared to rentals. Understanding the balance between renters and homeowners is crucial for long-term housing pressure analysis. A high renter share generally signifies greater housing pressure, as more individuals rely on rental properties rather than owning homes. However, with the renter share also undefined, we cannot make a precise assessment of this dynamic. Nonetheless, the presence of a defined FMR suggests a strong rental component, hinting at sustained housing pressure that favors landlords who can offer competitive and well-managed properties.
In summary, ZIP 39595 is a market characterized by clear rental benchmarks and potentially high housing pressure, driven by the reliance on rental properties. Landlords and investors should focus on maintaining quality and competitive pricing to attract tenants in this evolving market.
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.