Location: Webster County, MS | Metro: Chickasaw County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $710 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 39751 in the metro area for fiscal year 2026 is set at $920. This figure represents the payment standard used by the U.S. Department of Housing and Urban Development (HUD) for Section 8 housing vouchers. It is important to note that this is not the amount tenants will pay in rent; rather, it is the maximum amount HUD will pay landlords for renting out a unit under the Section 8 program.
In comparison, the average rent for ZIP 39751 based on Census ACS data is $638. This suggests that the FMR is higher than the typical market rent, which can be advantageous for landlords participating in the Section 8 program. The difference between these two figures can be attributed to the government's effort to ensure that a wide range of rental properties are available to voucher holders, even those that might otherwise be considered too expensive.
The 12.3% renter share indicates that nearly one out of every eight households in ZIP 39751 is a potential tenant for your rental property. This percentage reflects the demand for rental housing in the area. With an FMR of $920 and an average rent of $638, there is a significant portion of the population who could benefit from the Section 8 program, making it a viable option for both tenants and landlords.
If you are considering acquiring a rental property in ZIP 39751, the median home value is approximately $178,430. This figure gives you an idea of the investment required to enter the market. While this price may seem high, it is crucial to understand that the Section 8 program provides a stable source of income through government payments, which can offset the risks associated with fluctuating market conditions.
Before proceeding with a Section 8 rental in ZIP 39751, verify that the property meets all the necessary inspection criteria. HUD requires that all units leased under the Section 8 program pass a thorough inspection to ensure they meet health and safety standards. This step is critical to avoid any delays or complications in the leasing process.
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.