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 | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 39638 in fiscal year 2026 is set at $860. This figure represents the maximum amount that a landlord can receive through the Section 8 program for renting a unit in this area. It's important to note that this is the payment standard for the Housing Choice Voucher program, not the rent you will charge your tenant. The actual rent you charge could be higher, but the voucher will only cover up to $860.
To put this into perspective, the average rent in ZIP 39638, according to Census ACS data, is $422. This means that the Section 8 payment standard is significantly higher than the typical market rate, potentially offering a better return on investment for those willing to participate in the program. However, it also suggests that there might be a limit to how much above the FMR you can charge without risking the tenant's ability to afford the difference.
The 18.5% of the population being renters indicates a moderate level of demand for rental properties in this area. While not a high percentage, it still represents a substantial portion of potential tenants who may rely on government assistance to find housing. With an estimated median household income of $101,170, it's clear that purchasing property in this ZIP code comes with a higher price tag, which should be considered when evaluating the financial viability of a Section 8 rental.
Before making the decision to accept a Section 8 tenant, ensure that your property meets all the required inspection standards set by the housing authority. This includes passing a Housing Quality Standards (HQS) inspection, which checks for basic safety and livability conditions. Failure to meet these standards can result in rejection of the voucher or reduced payments, so it's crucial to verify compliance.
In summary, the $860 FMR offers a competitive advantage over the local average of $422, supported by a reasonable demand for rentals. Given the median income, you should expect to pay around $101,170 for a property, depending on its size and condition. The key verification step is ensuring your property passes the HQS inspection, which is essential for receiving the full Section 8 payment.
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.