Location: Wilkinson County, MS | Metro: Amite County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,110 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The ZIP code 39631 has a population of 4,524 residents, with 22.8% identified as renters. This suggests that while there is a significant rental market, it is not overwhelmingly dominated by renters. The median household income in this area stands at $36,790, which provides a benchmark for assessing the affordability of housing.
Average market rent in ZIP 39631 is set at $546 per month. To contextualize this figure, we can see that typical rent consumes approximately 14.8% of the median local income when calculated on an annual basis. This percentage indicates that rents are relatively affordable compared to the average income, making it plausible for a higher number of residents to qualify for housing assistance through Section 8 vouchers.
The Fair Market Rent (FMR) for the area, as determined by HUD for fiscal year 2026, is $860. This figure represents the maximum amount that a voucher can cover, indicating that landlords in ZIP 39631 can potentially charge up to this amount for units that qualify under the Section 8 program. However, given the actual market rent is significantly lower at $546, landlords might find it challenging to command the higher FMR rate without reducing their pool of eligible tenants.
The expected tenant profile in this ZIP code would be individuals or families who rely on Section 8 vouchers to afford housing. These tenants will likely have a monthly income below 50% of the area median income, which is $36,790, thus qualifying for the federal housing assistance program. Landlords should prepare for tenants who need assistance with rent payments, ensuring they understand the requirements and processes associated with the Section 8 program.
To summarize, ZIP 39631 presents a moderate rental market with a notable presence of Section 8 voucher holders. The income-to-rent ratio supports the feasibility of renting for those with lower incomes, aligning well with the objectives of the Section 8 program. Landlords should focus on properties that meet the criteria for Section 8 eligibility to attract these tenants effectively.
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.