Location: Monroe County, MS | Metro: Chickasaw 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 | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,080 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,080 | $182,810 | 0.59% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 39730, which includes parts of Mississippi, is set at $840 per month for the fiscal year 2026. This figure represents the payment standard under the Section 8 Housing Choice Voucher program. It does not reflect the actual rent a landlord might charge but rather the maximum amount that the government will subsidize for eligible tenants.
To put this into perspective, the average monthly rent for ZIP 39730, according to the Census Bureau's American Community Survey (ACS), is $728. This means that while the FMR is higher, the actual market rent is lower, indicating a potential gap between what the government will pay and what you can realistically charge for rent.
The 29.4% of residents who are renters suggests a steady demand for rental properties in the area. However, it also implies that competition among renters for affordable housing could be fierce, making Section 8 vouchers an attractive option for many seeking to secure a place to live.
When considering acquiring a property in this area, note that the median home value is around $141,999. This is the typical price range for purchasing a home in ZIP 39730, which is important when evaluating the investment potential and long-term returns of a Section 8 rental.
Before proceeding with your first Section 8 rental, it is crucial to verify that the property meets all local housing quality standards, known as the Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary for tenants. A thorough inspection by a local housing authority is required to confirm compliance with these standards.
In summary, the FMR of $840 sets the subsidy limit, while the local rent of $728 reflects the market reality. With a significant portion of the population renting, there is demand for affordable housing, but the property must meet HQS to qualify for the program. The median home value provides insight into the acquisition cost, allowing you to assess the financial viability of a Section 8 rental in ZIP 39730.
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.