Location: Wilkinson County, MS | Metro: Amite County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,530 |
| 5 Bedrooms | $1,775 |
| 6 Bedrooms | $1,988 |
| 7 Bedrooms | $2,147 |
| 8 Bedrooms | $2,254 |
U.S. Census Bureau data (2024)
The ZIP code 39633, located in a county with a population of 759 residents, stands out due to its unique economic profile. With only 19.5% of the residents renting, it indicates a predominantly owner-occupied area. The median income here is $42,228, which is relatively modest compared to national averages. The median home value is $116,156, suggesting that homeownership is affordable but also that the real estate market might be less dynamic than in urban areas.
The voucher economics in ZIP 39633 reveal a significant disparity between the Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the FMR is set at $980, while the Census ACS data shows the market rent to be around $411. This means that landlords participating in the Section 8 program can potentially receive higher rental incomes than those who do not, aligning their rents closer to the FMR rather than the current market rate. However, it's important to note that voucher holders may face challenges in finding units within this ZIP code due to the low rental occupancy rate and the limited number of rental properties available.
Based on the data signature, ZIP 39633 appears to be a stable market. The low percentage of renters suggests a strong preference for homeownership, which typically indicates a lower turnover rate and a more settled community. The median income and home values also suggest a consistent economic environment where property values have remained steady. While the opportunity to receive higher rents through the Section 8 program exists, the overall stability of the ZIP code implies that the real estate market is unlikely to experience rapid changes or significant volatility in the near future.
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.