Location: Lawrence County, MS | Metro: Jefferson Davis County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,140 |
| 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 Fair Market Rent (FMR) for ZIP code 39656 in metro FY 2026 is set at $870. This figure represents the payment standard for Section 8 vouchers, meaning that if you participate in the program, the Housing Authority will pay up to $870 per month for a unit in your property. It's important to note that this is not the rent you can charge; it's the maximum amount the Housing Authority will contribute toward the tenant's rent.
Local median rents are currently not available, but the FMR serves as a guideline for setting reasonable rental rates. Given the 14.5% share of renters in the area, there is a significant demand for affordable housing options. This suggests that participating in Section 8 could be a viable strategy to fill vacancies and ensure consistent tenancy.
The median household income in ZIP 39656 is $101,455. While this might seem high, it's crucial to understand that Section 8 tenants typically have lower incomes. The acquisition cost for properties in this ZIP code reflects the overall economic conditions of the area. If you're considering purchasing a new property for Section 8 rentals, expect to pay in line with these figures, though individual property values can vary widely based on condition and location.
To ensure the viability of your investment, verify that the property meets all Section 8 requirements for size, amenities, and safety standards. This includes ensuring the unit is large enough for the tenant's family and that it passes regular inspections to maintain compliance with the program.
In summary, the $870 FMR for ZIP 39656 offers a clear benchmark for the Housing Authority's contribution. With a 14.5% renter share, there is ample opportunity to meet the needs of tenants while securing steady occupancy. However, the purchase price of properties should align with the median income of $101,455. Before proceeding, check that your property complies with all Section 8 criteria to avoid potential issues down the line.
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.