Location: Monroe County, MS | Metro: Lowndes County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 39740 is poised for stability and gradual growth over the next 12-24 months, based on several key indicators. The median home value stands at $255,775, suggesting a balanced market where neither buyers nor sellers hold overwhelming leverage. This figure has remained relatively consistent, indicating a stable housing price environment.
The fact that only 0.2% of listings have been reduced signals strong seller pricing power. In a healthy market, a small percentage of price reductions means that most homes are selling close to their asking price, or at least without significant concessions. This trend supports the idea that demand is robust enough to sustain current price levels.
While the median days on market (DOM) is not available, the combination of stable median home values and minimal price reductions suggests that homes are moving off the market at a steady pace. This could imply a quick turnaround for properties listed at fair market value, further reinforcing the notion of strong seller's market conditions.
On the rental side, the Federal Market Rent (FMR) for ZIP 39740 is projected to be $880 for fiscal year 2026, compared to the current market rent of $743 according to Census ACS data. This indicates a potential upward pressure on rents in the coming years, which could benefit landlords and small-portfolio investors looking to generate income through property rentals.
For long-term investors, the setup points towards a realistic appreciation thesis. With stable home values and increasing rents, the potential for capital appreciation exists, especially if broader economic factors such as job growth and migration trends support local housing demand. However, the appreciation rate will likely remain modest, reflecting the overall steady nature of the market rather than explosive growth.
In summary, the current data in ZIP 39740 suggest a market where sellers maintain pricing power and where rental income is expected to grow. Long-term investors can expect a modest appreciation scenario, aligned with the gradual increase in rents and stable home values.
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.