Location: Monroe County, MS | Metro: Monroe County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,100 |
| 4 Bedrooms | $1,210 |
| 5 Bedrooms | $1,404 |
| 6 Bedrooms | $1,572 |
| 7 Bedrooms | $1,698 |
| 8 Bedrooms | $1,783 |
U.S. Census Bureau data (2024)
ZIP code 39746 is located within the Monroe County, MS metro area. Its Fair Market Rent (FMR) for fiscal year 2026 is set at $840, which aligns closely with the broader market rent of $808 for the same period. This suggests that the rental market in 39746 is fairly consistent with the overall trends seen across the county.
The median home value in ZIP 39746 stands at $188,784, indicating that it is neither particularly affordable nor excessively expensive compared to other areas in Monroe County. Given that the FMR is slightly above the market rent, it implies that the rental market in 39746 is somewhat favorable for tenants seeking affordable housing options under the Section 8 program.
A notable feature of ZIP 39746 is its renter share of 18.9%. This percentage is higher than what might be expected in a typical ZIP code within Monroe County. A higher proportion of renters combined with a home value that is lower than some premium sub-markets can indicate that this area is more attractive to those utilizing government housing assistance programs such as Section 8.
Based on these figures, ZIP 39746 can be classified as a mid-tier neighborhood within the Monroe County, MS metro. The slight premium on FMR over market rent, coupled with a median home value that is not exceptionally high, suggests that while it offers some value to both landlords and tenants, it does not represent a significant value pocket or a premium sub-market.
However, the higher renter share could make it an appealing location for landlords interested in attracting tenants who benefit from Section 8 vouchers. This characteristic might position 39746 as a slightly more attractive option for those looking to invest in properties where there is a greater likelihood of securing long-term, stable tenants through the Section 8 program.
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.