Location: Pike County, MS | Metro: Amite County, MS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $980 |
| 3 Bedrooms | $1,170 |
| 4 Bedrooms | $1,360 |
| 5 Bedrooms | $1,578 |
| 6 Bedrooms | $1,767 |
| 7 Bedrooms | $1,908 |
| 8 Bedrooms | $2,003 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,170 | $225,175 | 0.52% | F |
U.S. Census Bureau data (2024)
The ZIP code 39666, with a population of 11,408, has 18.9% of its residents as renters. This percentage indicates that while there is a significant portion of renters, it is not a predominantly renter-heavy area. The median household income stands at $45,482, which provides a baseline for assessing the affordability of housing in this region.
The market rent for the area is $812, representing approximately 17.9% of the median household income when calculated on an annual basis. This suggests that the average rent consumes a considerable but manageable portion of the local income. However, comparing this to the Fair Market Rent (FMR) of $980, which is set for FY 2026 in the metropolitan area, it becomes evident that the actual market rent is below the FMR, indicating potential for higher rents without significantly affecting the affordability for tenants.
Given the median household income and the current market rent, landlords in ZIP 39666 can expect a tenant pool that is likely to be price-sensitive due to the relatively high proportion of income dedicated to housing. Tenants may have limited disposable income for other expenses, necessitating careful management of rental properties to ensure they remain attractive and competitive. Landlords should also be aware of the potential for Section 8 voucher holders, given the disparity between the FMR and the current market rent. These voucher holders could represent a steady stream of tenants willing to pay up to the FMR rate, thus potentially increasing rental income above the market average.
In summary, ZIP 39666 is moderately renter-heavy, with a noticeable demand for affordable housing. The income levels suggest that typical market rents consume a significant portion of household budgets, making affordability a key consideration for both tenants and landlords. For small-portfolio investors, focusing on maintaining properties that appeal to Section 8 voucher holders can provide a reliable tenant base and the opportunity to charge closer to the FMR rate.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.