Location: Lincoln County, MS | Metro: Lincoln County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $700 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,190 |
| 4 Bedrooms | $1,200 |
| 5 Bedrooms | $1,392 |
| 6 Bedrooms | $1,559 |
| 7 Bedrooms | $1,684 |
| 8 Bedrooms | $1,768 |
ZIP code 39602, located within Lincoln County, MS, has a Fair Market Rent (FMR) of $860 for fiscal year 2026. This figure is critical for understanding the rental dynamics of the area. When compared to other ZIP codes in Lincoln County, the lack of specific market rent and home value data for 39602 presents a challenge in making direct comparisons. However, the FMR can be used as a proxy for rental affordability.
The FMR of $860 suggests that 39602 is likely a value pocket within the Lincoln County, MS metro. Value pockets are areas where housing costs are relatively lower compared to surrounding regions, making them attractive for tenants seeking affordable options. The absence of higher market rent figures indicates that there might be less demand or fewer luxury housing options in this ZIP code, which aligns with the characteristics of a value pocket.
The unknown percentage of renter share also adds to the inference that 39602 could be a value pocket. Typically, areas with a high renter share and below-average home values indicate a concentration of low-income renters who may rely on government assistance programs such as Section 8. While we cannot confirm the exact percentage of renters, the lower FMR and the potential lack of market rent data suggest that a significant portion of residents might be tenants benefiting from subsidized housing.
To conclude, ZIP code 39602 appears to be a value pocket within the Lincoln County, MS metro, characterized by relatively low housing costs and a likely high concentration of low-income renters. Landlords and small-portfolio investors should consider the potential benefits of operating in a value pocket, including stable tenant populations and access to government rental subsidies. However, the lack of detailed market rent and home value data means further investigation into local real estate trends would be advisable.
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.