Location: Webster County, MS | Metro: Webster County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,130 |
| 4 Bedrooms | $1,220 |
| 5 Bedrooms | $1,415 |
| 6 Bedrooms | $1,585 |
| 7 Bedrooms | $1,712 |
| 8 Bedrooms | $1,798 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 39737, located in Webster County, MS metro, reveals a competitive rental environment. The HUD Fair Market Rent (FMR) for the area is set at $860 for the fiscal year 2026. However, due to the lack of specific data on market rents, it's challenging to make a direct comparison. Based on the available information, voucher tenants would likely cashflow at the FMR level, assuming that the market rents do not significantly exceed the FMR.
To provide further insight into the local real estate market, the median home value in ZIP 39737 is $154,078. Using this figure, we can derive a rent-to-price ratio to assess the relative attractiveness of renting versus buying. With an average monthly rent of $860, the annual rent would be approximately $10,320. This equates to a rent-to-price ratio of about 6.7%, calculated as ($10,320 / $154,078) * 100%. A lower rent-to-price ratio suggests that buying may be more advantageous than renting, but this depends heavily on the specific investment goals and market conditions.
The dynamics of the rent-versus-buy decision can be influenced by factors such as the days on market (DOM) and the percentage of homes that require a price reduction. Unfortunately, the data provided does not include these metrics, making it difficult to assess how frequently properties are being sold at a discount or how long they remain unsold. These factors could impact the stability and potential appreciation of property values in the area.
The strongest investor angle in ZIP 39737 appears to be cashflow. Given the HUD FMR and the absence of higher market rents, properties rented to voucher tenants should generate positive cashflow, which is crucial for investors seeking consistent returns. While appreciation and stability are also important considerations, the ability to secure steady cashflow is particularly compelling in this market.
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.