Location: Lowndes County, MS | Metro: Lowndes County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 39766, located in Lowndes County, Mississippi, reveals key insights for potential real estate investments focused on the Section 8 housing program.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area, set at $880 for fiscal year 2026, is significantly lower than the market rent of $1,144 as reported by the Census ACS. This discrepancy means that landlords will need to rely on the Section 8 voucher program to bridge the gap between the FMR and market rents, making it essential to ensure a steady stream of vouchers is available to cover the difference.
Regarding the affordability of acquisitions, the median home value in ZIP 39766 stands at $210,648. However, due to the lack of specific data on days on market (DOM) and the percentage of homes needing price cuts, it's challenging to provide a definitive assessment of how quickly properties can be sold or the typical discount required. Landlords should consider these factors when evaluating the financial feasibility of purchasing properties in this area.
There is a notable tenant demand in ZIP 39766, with a total population of 2,616 individuals, of which 32.8% are renters. This indicates a substantial number of potential tenants who could benefit from the Section 8 program, thereby providing a consistent pool of applicants for rental properties.
In summary, while the rent math does not inherently favor landlords without the support of Section 8 vouchers, the demand for rental units is present. Landlords must carefully assess the availability and reliability of vouchers to make up the difference between the FMR and market rents. With a median home value of $210,648 and a significant portion of the population seeking rentals, the ZIP code presents a viable investment opportunity for those willing to engage with the Section 8 program effectively.
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.