Location: Webster County, GA | Metro: Albany, GA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The ZIP code 39877 is situated in a rural Mississippi neighborhood characterized by a small population of 393 residents. With only 9.6% of the population renting their homes, it is predominantly an owner-occupied area where the median income stands at $51,250 and the median home value is $136,221. This paints a picture of a community where homeownership is valued and maintained.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 39877 in fiscal year 2024 is set at $890. In contrast, the market rent based on Census ACS data is $900. The slight discrepancy between the FMR and the actual market rent suggests a stable rental environment where Section 8 vouchers can be effectively utilized without significant loss to landlords.
Given these conditions, ZIP 39877 is well-suited for hands-off voucher operators who seek consistent cash flow with minimal management overhead. The low percentage of renters indicates a potentially smaller pool of tenants, which could make finding eligible Section 8 participants more challenging but also less competitive. For those interested in a more hands-on approach, such as value-add buyers looking to improve properties and increase their rental value, this area presents opportunities. However, the focus should be on enhancing property values and rents to above the FMR level to maximize returns, considering the relatively modest median income of the area.
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.