Location: Oktibbeha County, MS | Metro: Oktibbeha County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
The Section 8 housing market in ZIP code 39760, located in Oktibbeha County, Mississippi, presents a unique set of challenges and opportunities for landlords and small-portfolio investors. The Fair Market Rent (FMR) established by the U.S. Department of Housing and Urban Development (HUD) for the area, effective fiscal year 2026, stands at $960. This figure is intended to reflect the average rent of decent, safe, and sanitary housing available in the market.
However, due to the lack of current market rent data for ZIP 39760, it's challenging to directly compare HUD's FMR against actual market rates. Without this comparison, it's difficult to ascertain whether voucher tenants would cashflow at the FMR, marginally, or only with premium units. In other markets, where such data is available, the FMR often aligns closely with the lower end of market rents, indicating that cashflow might be marginal without some form of unit optimization or location advantage.
The median home value in the area is also not specified, which makes deriving an accurate rent-to-price ratio impossible. Typically, a higher rent-to-price ratio suggests that rental properties could be more profitable relative to their purchase cost. However, without knowing the median home values, this calculation cannot be performed accurately.
The days on market (DOM) and the percentage of homes that undergo price reductions are not provided either. These metrics are crucial in understanding the broader real estate market dynamics, particularly how quickly properties sell and whether there is pressure to reduce asking prices. Such insights can help investors gauge the local housing market's health and the potential impact on rental demand.
In conclusion, while specific metrics like market rent and median home values are currently unavailable for ZIP 39760, the stability offered by Section 8 vouchers remains a strong investor angle. The consistent income stream and government backing provide a reliable foundation for long-term investment strategies, especially in areas where market fluctuations are common. Stability should be the primary focus for investors considering Section 8 properties in this region until more detailed market data becomes available.
Data Sources: FMR data from HUD (2027).
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.