Location: Webster County, MS | Metro: Webster County, MS
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $690 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,120 |
| 4 Bedrooms | $1,220 |
| 5 Bedrooms | $1,415 |
| 6 Bedrooms | $1,585 |
| 7 Bedrooms | $1,712 |
| 8 Bedrooms | $1,798 |
U.S. Census Bureau data (2024)
The rental market in ZIP code 39771 presents a challenging scenario for potential renters given the economic conditions. The median household income stands at $59,583, which is significantly lower than the necessary threshold to comfortably afford the market rate rent of $850 per month. To put this into perspective, the typical recommendation is that housing costs should not exceed 30% of a household's income. At $850 per month, this would require over 32% of the median income, making it a tight budget for most residents.
Comparatively, the Fair Market Rent (FMR) set at $860 for metro FY 2026 aligns closely with the market rate but offers a slight advantage through government subsidies. This means that while the cost to the tenant remains nearly the same, landlords could receive consistent payments without the risk of non-payment associated with cash-paying tenants.
With only 24.5% of the population being renters and a total population of 128, the number of available renters is quite limited. This scarcity of potential tenants translates into a competitive environment for landlords. The affordability gap between the median income and the market rate rent suggests that many households will struggle to pay the market price without assistance.
Landlords considering their strategy should take note of these dynamics. Given the tight rental market and the financial strain on many households, focusing on accepting Section 8 vouchers could be a prudent approach. It ensures a steady stream of income with minimal collection risks, despite the slightly lower rent amount compared to market rates. Landlords who are able to accept vouchers may find themselves with a more reliable tenant base and less vacancy risk.
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.