Location: Lincoln County, MS | Metro: Lawrence County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,240 |
| 5 Bedrooms | $1,438 |
| 6 Bedrooms | $1,611 |
| 7 Bedrooms | $1,740 |
| 8 Bedrooms | $1,827 |
U.S. Census Bureau data (2024)
The ZIP code 39665 is situated in a small, tight-knit community with a total population of 755 residents. Approximately 24.3% of these residents are renters, indicating a modest but present demand for rental properties. The median household income in this area stands at $32,875, which is relatively low compared to national averages. This economic profile suggests that many residents may be seeking affordable housing options, making them potential candidates for Section 8 vouchers.
The median home value in ZIP 39665 is $127,389, reflecting an overall affordable housing market. For investors interested in Section 8 properties, it's crucial to understand the Fair Market Rent (FMR), which is set at $900 for the metro area in fiscal year 2026. Given that the market rent data is currently unavailable, this FMR figure serves as a guideline for rental rates that can be charged for subsidized units. It's important to note that the FMR is adjusted annually based on local market conditions and federal guidelines, ensuring that rents remain accessible to low-income families.
Considering the demographic and economic factors, ZIP 39665 appears to be a suitable location for both hands-off voucher operators and hands-on value-add buyers. Hands-off operators can benefit from the stability provided by the Section 8 program, securing reliable tenants who are financially supported by the government. On the other hand, value-add buyers have an opportunity to improve property quality and potentially command slightly higher rents, given the affordability of the current housing stock and the FMR threshold. Both strategies can yield positive returns, depending on the investor's risk tolerance and management capabilities.
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.