Location: Simpson County, 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 | $790 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $910 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,220 | $260,979 | 0.47% | F |
U.S. Census Bureau data (2024)
The investment landscape in ZIP 39044 for Section 8 landlords presents several challenges that must be carefully considered. Firstly, tenant turnover is likely to be higher due to the disparity between the market rent of $958 and the Federal Market Rent (FMR) of $1050 for FY 2024. This difference can lead to tenants seeking more affordable options outside the Section 8 program, increasing the risk of vacancies.
Vacancy exposure is another concern, as the Days on Market (DOM) for properties in this area is not available. However, given the typical home value of $182,264 and a median income of $74,417, there is a significant gap between property costs and residents' earnings, suggesting that maintenance deferrals might become necessary. Landlords will need to be prepared to manage these costs without immediate financial relief from higher rents.
Despite these risks, the high renter density in ZIP 39044, with 11.6% of residents being renters, generally indicates a robust demand for rental housing. This density often translates into a higher number of Section 8 vouchers circulating within the community, providing a steady stream of potential tenants who can afford the FMR. Therefore, while the initial challenges are notable, the presence of many renters ensures a consistent pool of applicants.
Verdict: Moderate risk for a first-time Section 8 landlord.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.