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 | $900 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,060 | $94,832 | 1.12% | B |
| 3BR | $1,260 | $203,125 | 0.62% | D |
| 4BR | $1,390 | $329,099 | 0.42% | F |
| 5BR | $1,612 | $425,291 | 0.38% | F |
U.S. Census Bureau data (2024)
In Canton, Mississippi (ZIP 39046), the real estate landscape is currently characterized by a median home value of $230,103. This figure, coupled with the observation that only 0.2% of listings have been reduced, indicates a robust seller's market where pricing power remains firmly in the hands of landlords and property owners. The low percentage of price reductions suggests that homes are selling at or near their listed prices, reflecting strong demand and a willingness among buyers to meet asking prices.
The 28-day median days on market (DOM) further supports this assertion. A short DOM implies that properties are moving quickly, which is typically a sign of a healthy market where supply is being absorbed efficiently. This dynamic is particularly favorable for landlords and small-portfolio investors looking to maintain or increase their rental yields, as it suggests that there is little to no pressure to lower rents to attract tenants.
Turning to the rental market, the Federal Market Rent (FMR) for ZIP 39046 is set at $1000 for fiscal year 2024, compared to the current market rate of $872 based on Census ACS data. This discrepancy between the FMR and the actual market rent signals an upward trend in rental prices, driven by factors such as increased demand and potentially higher costs of living. Landlords can expect to see gradual increases in rental rates, aligning more closely with the FMR over time, which will contribute positively to their cash flow and investment returns.
For long-hold investors, the data implies a realistic appreciation thesis. With a median home value that has remained steady and a rental market showing signs of growth, there is potential for both capital appreciation and rental income growth. However, the appreciation rate is likely to be modest, given the current market conditions and the limited number of price reductions. Investors should anticipate a gradual increase in property values, rather than rapid appreciation, as the market continues to evolve.
In summary, the combination of a stable median home value, low percentage of price reductions, and short DOM points towards a market where sellers and landlords maintain significant pricing power. The upward trend in rental rates, indicated by the gap between the FMR and current market rates, suggests a positive outlook for rental income. Long-term investors can expect a moderate appreciation in property values, alongside improving rental yields, as the market adjusts to these dynamics.
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.