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 | $1,020 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,610 |
| 5 Bedrooms | $1,868 |
| 6 Bedrooms | $2,092 |
| 7 Bedrooms | $2,259 |
| 8 Bedrooms | $2,372 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $215,160 | 0.69% | D |
| 4BR | $1,610 | $452,773 | 0.36% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 39071, anchored by a median home value of $296,357, presents a nuanced scenario for both landlords and small-portfolio investors. The median days on market (DOM) being N/A suggests that homes are selling relatively quickly, indicating a robust demand environment. However, the absence of percentage data for listings that have been reduced underscores a stable pricing scenario without significant downward pressure.
This stability in pricing combined with quick sales points towards a market where sellers maintain considerable pricing power over the next 12 to 24 months. Landlords can expect to see consistent rental income given the strong demand for housing, which is further evidenced by the gap between the Fair Market Rent (FMR) at $900 and the current market rent at $607. This discrepancy signals an upward trend in rental rates, allowing for potential increases in monthly rents without compromising occupancy levels.
For long-term hold investors, the setup implies a realistic appreciation thesis based on the underlying fundamentals of the area. The disparity between the FMR and the actual market rent indicates a growing demand for rental properties, which could translate into higher property values as time progresses. As the local economy continues to support housing demand, and if the trend of quick sales persists, it's reasonable to anticipate that the median home value will increase, aligning more closely with the FMR levels.
The combination of these factors—median home value, days on market, and the difference between FMR and current market rent—suggests a market poised for steady growth, offering a favorable environment for investment. Investors should continue to monitor local economic indicators and any changes in the rental market to refine their strategies accordingly.
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.