Location: Clay County, MS | Metro: Chickasaw 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 | $810 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,380 | $165,102 | 0.84% | C |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 39776 is poised for a nuanced shift in the coming 12 to 24 months, with implications for both pricing power and rental income strategies. The median home value stands at $170,570, which provides a stable base for assessing property values and potential returns on investment.
Notably, the percentage of listings that have been reduced and the median days on market (DOM) are currently unavailable. This gap in data suggests an absence of significant distress sales and potentially a balanced market where neither buyers nor sellers hold overwhelming leverage. However, the lack of precise figures for these metrics means we must rely on other indicators to gauge market sentiment and future trends.
On the rental side, the Federal Market Rent (FMR) for ZIP 39776 is projected to reach $1,040 by fiscal year 2026, while current market rents hover around $853 based on Census ACS data. This divergence signals a potential upward trend in rental prices, driven by the government's valuation standards. Landlords and small-portfolio investors can expect modest increases in rental income if they align their pricing with the FMR trajectory.
For long-term investors, the setup implies a realistic appreciation thesis. With the median home value at $170,570 and expected growth in rental prices, properties in this ZIP code are likely to see gradual value appreciation. This is particularly true if broader economic conditions support housing demand and if local employment remains steady or grows. However, the absence of recent DOM and listing reduction data cautions against assuming rapid price escalation.
The combination of a stable median home value and the potential for rental price increases suggests that ZIP 39776 will remain attractive for investors seeking consistent, albeit moderate, returns. It is advisable to keep an eye on local economic factors and any changes in the availability of the aforementioned metrics to refine investment strategies accordingly.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.