Location: Amite County, MS | Metro: Amite County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,180 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 39645 presents a unique opportunity for landlords and small-portfolio investors. With a median home value at $150,277, this area is accessible to a wide range of buyers, yet the specifics regarding the percentage of listings that have been reduced and the median days on market (DOM) indicate a balanced market. This suggests that while there might be some flexibility in pricing, it is not overly saturated with discounted homes, which could imply that pricing power remains relatively stable over the next 12-24 months.
On the rental side, the forward-looking market analysis is particularly interesting. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $880, while the current market rate stands at $774. This indicates a potential increase in rental income for property owners in the coming years, assuming the FMR holds true and the market adjusts accordingly. Landlords can expect to see their rental yields improve as the market moves closer to the projected FMR levels.
For long-term investors, the setup implies a realistic appreciation thesis. Given the median home value and the projected rise in rental rates, it's reasonable to anticipate that property values will follow suit, driven by increased demand and higher rental incomes. However, the exact trajectory of appreciation cannot be determined solely from the provided data points. It is crucial to monitor broader economic indicators and local market conditions to refine this thesis further.
Investors should also consider the broader implications of the housing market trends. A stable median home value combined with an upward trend in rental rates suggests that the area is likely to attract more tenants and possibly more buyers, creating a steady environment for investment. This stability is important for those looking to hold properties for extended periods, as it reduces the risk of significant value fluctuations.
In summary, the current and projected market dynamics in ZIP 39645 favorably position landlords and small-portfolio investors for both rental income growth and potential property value appreciation. The balance between home values and rental rates provides a solid foundation for long-term investment strategies.
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.