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 | $880 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,350 |
| 5 Bedrooms | $1,566 |
| 6 Bedrooms | $1,754 |
| 7 Bedrooms | $1,894 |
| 8 Bedrooms | $1,989 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,230 | $177,292 | 0.69% | D |
U.S. Census Bureau data (2024)
The analysis of ZIP code 39066 reveals a moderate investment climate for Section 8 real estate, balancing both yield and stability considerations. The Fair Market Rent (FMR) for the fiscal year 2024 stands at $940, which is notably higher than the market rent of $907. This suggests that properties in this area can command slightly above-market rents when participating in the Section 8 program, enhancing potential rental yields.
The median home value in ZIP 39066 is $131,015, indicating a relatively affordable market for property acquisition. However, the rental yield advantage must be weighed against the stability factors present in the area. The percentage of renters is 16.0%, which is a low figure, suggesting that homeownership is prevalent. This could imply less demand for rental properties overall, but it does not necessarily translate into instability for Section 8 properties, as these units often cater to a specific segment of the population.
The median household income in the area is $46,458, which is a critical indicator of economic stability. A lower median income might suggest challenges in tenant qualification for the Section 8 program, although it does not directly correlate with property management difficulties. The absence of data regarding days on market (DOM) makes it challenging to assess the speed at which properties can be rented out, an important factor for cash flow stability.
Based on the available data, ZIP 39066 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The slight premium in FMR over market rent indicates positive but not exceptional yield opportunities. The low percentage of renters and the lack of DOM data suggest a moderate level of stability, though the latter's absence introduces some uncertainty. For landlords and small-portfolio investors, this ZIP presents a balanced opportunity where the focus should be on maintaining consistent cash flows through reliable Section 8 tenancy, rather than chasing high yields through rapid turnover or flipping strategies.
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.