Location: Jackson, MS | Metro: Jackson, MS HUD Metro FMR Area
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 | $770 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,080 |
| 4 Bedrooms | $1,190 |
| 5 Bedrooms | $1,380 |
| 6 Bedrooms | $1,546 |
| 7 Bedrooms | $1,670 |
| 8 Bedrooms | $1,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,080 | $175,134 | 0.62% | D |
U.S. Census Bureau data (2024)
The ZIP code 39041 stands out due to its unique demographic and economic characteristics. With a total of 2,704 residents, it has a relatively low rental rate of 20.9%, indicating that the majority of the population owns their homes. The median income for residents is $41,137, which is modest but sufficient for basic living expenses. The median home value in this area is $143,395, suggesting that homeownership is accessible to many local residents.
Turning to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for ZIP 39041 in fiscal year 2024 is set at $900. This figure is slightly higher than the market rent average of $888, based on Census ACS data. Landlords and small-portfolio investors should note that the FMR is designed to cover the rent for units that meet minimum standards of decency, location, and size. Given the slight premium over market rates, properties that qualify for Section 8 vouchers can potentially offer a steady source of income.
The data signature for ZIP 39041 suggests a stable environment, with little indication of rapid change. The rental rate, median income, and median home values all point towards an area where homeownership is common and rents are manageable. This stability is important for investors considering long-term investments in the area. However, the slight difference between the FMR and the market rent highlights a transitional aspect in terms of rental economics, indicating that there might be some adjustments needed to align with the FMR for Section 8 participation.
To summarize, ZIP 39041 offers a stable setting with a mix of homeowners and renters. The modest gap between FMR and market rent presents an opportunity for landlords to participate in the Section 8 program while ensuring they receive a reasonable rent. This combination of stability and slight economic transition makes the ZIP code an attractive option for real estate investment, particularly for those interested in the Section 8 market.
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.