Location: Noxubee County, MS | Metro: Noxubee County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,640 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The ZIP code 39739, located within Noxubee County, MS, presents an interesting case study when compared against typical ZIP codes in the same county. The Fair Market Rent (FMR) for 39739 is set at $1,030 for fiscal year 2026, which is slightly below the market rent of $1,116. This indicates that properties in 39739 are more affordable relative to what tenants might be willing to pay on the open market.
A notable feature of 39739 is its significant renter share, standing at 39.4%. This figure is higher than the average for Noxubee County, suggesting a greater demand for rental properties in this area. The absence of home value data implies that there may be limited sales activity, which can sometimes indicate a focus on rental markets over homeownership.
In the context of Section 8 investments, 39739 could be considered a value pocket within its metro. The lower FMR compared to market rents suggests potential profitability for landlords who can attract tenants paying market rates while benefiting from Section 8 subsidies. Additionally, the high renter share without corresponding high home values points towards a strong rental market, which is favorable for small-portfolio investors looking to capitalize on steady rental income.
To further evaluate 39739's position, it would be beneficial to analyze the broader economic conditions and tenant demographics of the area. However, based on the available data, 39739 appears to offer a strategic opportunity for those interested in Section 8 real estate investment due to its affordability and strong rental market presence.
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.