Location: Webster County, MS | Metro: Clay County, MS
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $950 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,210 | $189,842 | 0.64% | D |
U.S. Census Bureau data (2024)
The ZIP code 39755, with a population of 697, has a relatively small number of residents. Only 14.2% of the population are renters, which indicates that this is primarily a homeowner-dominated area rather than a renter-heavy ZIP. The median household income in this area stands at $29,922, suggesting that the economic conditions are modest.
While the exact market rent for ZIP 39755 is not provided, we can infer the financial pressure on tenants by comparing the median income to the Fair Market Rent (FMR). The FMR for the area, set at $960 per month for fiscal year 2026, represents the typical rent for a two-bedroom apartment. Given the median income, this implies that the average rent consumes a significant portion of the monthly earnings of the typical resident. To put it into perspective, if a tenant were to spend around 30% of their income on housing, which is a common benchmark, they would be able to afford approximately $748 in monthly rent. This figure is below the FMR, indicating that many residents might struggle to pay market rents without assistance.
The scarcity of voucher holders in this area can be inferred from the low percentage of renters. However, the modest income levels suggest that those who do rent are likely to rely heavily on rental assistance programs such as Section 8 vouchers. The demand for vouchers among the renting population is likely to be high, given the disparity between median income and FMR.
A landlord in ZIP 39755 should expect a tenant profile that includes individuals and families who require rental assistance due to the area's lower median income. These tenants will likely have a strong need for affordable housing options and may seek properties that align closely with the FMR guidelines. It is crucial for landlords to understand the local rental market dynamics and the reliance on voucher programs to effectively manage their properties and attract suitable tenants.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.