Location: Oktibbeha County, MS | Metro: Oktibbeha County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 39762 in fiscal year 2026 is set at $1,010. This figure represents the payment standard for Section 8 housing vouchers in the area. It's important to note that this is not the amount you would charge as rent; rather, it's the maximum amount the Housing Authority will pay on behalf of eligible tenants. Landlords can set their own rents, but they must be reasonable and typically cannot exceed the FMR.
In ZIP 39762, the local median rent is listed as N/A, which makes direct comparison difficult. However, the FMR gives you a benchmark to ensure your rental pricing remains competitive and attractive to potential voucher holders. The percentage of renters in the area who could benefit from Section 8 is also listed as N/A%, indicating an unclear demand for subsidized housing. Despite this lack of specific data, understanding the FMR helps in setting realistic expectations for rental income.
The average home value in ZIP 39762 is N/A, which suggests that the acquisition cost for properties might vary widely. When acquiring a property for Section 8 rentals, it's crucial to consider both the purchase price and the ongoing maintenance costs, as these can significantly impact your overall profitability.
Before proceeding with your first Section 8 rental in ZIP 39762, verify that the property meets all the required Housing Quality Standards (HQS). These standards ensure that the property is safe, decent, and sanitary, and they are essential for approval under the Section 8 program. Failure to meet these standards can result in delays or disqualification from the program, so it's wise to have a thorough inspection conducted by a professional familiar with HQS requirements.
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.