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 |
|---|---|---|---|---|
| 2BR | $910 | $109,159 | 0.83% | C |
| 3BR | $1,080 | $165,232 | 0.65% | D |
| 4BR | $1,190 | $258,055 | 0.46% | F |
U.S. Census Bureau data (2024)
ZIP 39059, located in Crystal Springs, MS, within the Jackson, MS HUD Metro FMR Area, fits well as a cash-flow anchor in a Section 8 portfolio strategy. The Fair Market Rent (FMR) for a two-bedroom unit in FY 2024 is set at $900, while the average market rent is $774. This creates a $126 spread per month, which is beneficial for landlords participating in the Section 8 voucher program.
The median home value in 39059 is $128,661, significantly lower than the state median of $186,446. Despite the lower median home value, the cap rate of 4.7% indicates that rental yields are relatively strong. Additionally, the 20.5% renter share suggests a stable demand for rental properties in the area.
While the 5-year compound annual growth rate (CAGR) is only +3.8%, this ZIP code offers a solid foundation for cash flow generation. The average monthly rent of $774 is below the FMR of $900, making it attractive for tenants with vouchers. The median income of $52,583 is sufficient to support the rental market without significant vacancy pressure.
For landlords and small-portfolio investors, ZIP 39059 provides a reliable source of income with manageable risks. The combination of affordable housing and a decent cap rate makes it an ideal choice for those seeking steady cash flow rather than rapid appreciation.
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.