Housing market/Mississippi/ZIP 38632
ZIP 38632 Hernando, Tate County, Mississippi
Tate County, MS HUD Metro FMR Area · Mississippi. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 38632 · MS — sent to you.
ZIP 38632 · MS
ACS rent vs 2BR SAFMR
ZIP 38632 — Hernando, MS HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 38632
- 1-unit detached10,40886.4%
- 1-unit attached1771.5%
- 2–4 units4033.3%
- 5–49 units2692.2%
- 50+ units2181.8%
- Mobile5764.8%
2–4 unit share 3.3% · 5–49 unit share 2.2% · combined 2–49 5.6%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,203 (all bedrooms, occupied rentals).
- Median contract rent $1,076.
- Renters paying ≥30% of income 53.6%; ≥50% 6.6%.
- FY2027 2BR SAFMR $1,330 (1.106× ACS median gross rent).
Population
30,824 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +12.8%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 46 units.
- HUD project-based assisted MF: 2 properties, 94 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 38632 11.7% of occupied households are renters; vacancy is 6.5%; ACS median gross rent is $1,203; population increased +12.8% between the 2018 and 2023 ACS vintages; the housing stock includes 403 units in 2–4-unit structures and 269 units in 5–49-unit structures; 1 LIHTC projects totaling 46 units; FY2027 2BR SAFMR is $1,330 versus ACS median gross rent of $1,203. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Mississippi research
ZIP 38632 is a Census / HUD profile for Tate County, MS. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 38632 — Hernando, MS HUD Section 8 Payment Standards / SAFMR·Mississippi ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Mississippi research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 38632?
ZIP 38632 (Tate County, MS HUD Metro FMR Area) has 30,824 residents, 11,287 households, a renter share of 11.7%, median household income of $90,277, and ACS 2023 median gross rent of $1,203. Vacancy is 6.5%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 38632?
ACS counts 61 units in 2-unit buildings, 342 in 3–4 unit buildings, 125 in 5–9, 100 in 10–19, and 44 in 20–49. Combined 2–49 unit stock is 672 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 38632?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,330. See the full schedule and 90–110% payment-standard band on the ZIP 38632 — Hernando, MS HUD Section 8 Payment Standards / SAFMR.
Does this Mississippi ZIP profile include Georgia listings?
No. ZIP 38632 is Census / HUD research for Tate County, MS HUD Metro FMR Area. Jeff Crowe CRE does not list Mississippi property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.