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 | $920 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $160,609 | 0.67% | D |
| 3BR | $1,290 | $247,425 | 0.52% | F |
| 4BR | $1,430 | $358,209 | 0.4% | F |
| 5BR | $1,659 | $443,062 | 0.37% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 39073, Florence, MS, presents a nuanced picture for landlords and small-portfolio investors. With a median home value of $246,420, the area reflects a stable housing environment. However, the fact that only 0.3% of listings have reduced their prices indicates a resilient seller's market. This low percentage of price reductions suggests that sellers maintain considerable pricing power, implying that homes are likely to retain their value and potentially appreciate further. The median days on market (DOM) being listed as N/A could indicate either a very quick turnover of properties or an insufficient sample size for accurate calculation, but given the context of low price reductions, it leans towards a brisk market.
On the rental side, the Federal Market Rent (FMR) for ZIP 39073 in fiscal year 2024 is set at $1040, which contrasts with the current market rate of $884 according to the Census ACS. This gap between FMR and actual market rents signals potential upward pressure on rental prices. As government programs and subsidies adjust to the higher FMR, this could translate into increased rental income for landlords who manage Section 8 properties.
For long-term investors, the setup implies a realistic appreciation thesis. The combination of stable home values, strong seller's market conditions, and potential increases in rental rates due to FMR adjustments supports the idea that properties in this ZIP code will likely see gradual value growth. This makes Florence, MS, a viable option for those looking to hold onto real estate assets for extended periods, expecting steady returns through both capital appreciation and rental income.
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.