Location: Claiborne County, MS | Metro: Jackson, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $860 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 39086 in fiscal year 2024 is set at $900. This figure represents the payment standard for Section 8 housing assistance in your area, which means that if you participate in the program, the Housing Authority will pay up to $900 per month for a standard unit. It's important to note that this is not the amount tenants will pay; it's the maximum reimbursement rate you can receive.
In comparison to the local median rent, which is currently unavailable, the FMR provides a benchmark for assessing the viability of your rental property under the Section 8 program. Despite the lack of local median rent data, the FMR still offers valuable insight into the rental market dynamics.
The 24.6% renter share indicates that nearly a quarter of the households in ZIP 39086 are renters, suggesting a steady demand for rental properties. This statistic supports the potential success of a Section 8 rental, as there is a significant portion of the population who rely on rental housing.
The median home value in ZIP 39086 is $127,703. This figure reflects the typical price you might expect to pay for acquiring a property in this area. When deciding whether to enter the Section 8 market, consider this value alongside the $900 FMR to gauge the potential return on investment and the overall financial feasibility of the venture.
Before committing to a Section 8 rental, ensure that your property meets all the necessary quality standards set by the Housing Authority. These standards include safety, habitability, and maintenance requirements, which must be met to qualify for the program. Compliance with these standards is critical because it directly affects your eligibility for the Housing Authority's reimbursement rates.
To summarize, the FMR of $900 in ZIP 39086 sets the payment ceiling for Section 8 assistance, indicating a strong demand for rental properties due to the 24.6% renter share. The median home value of $127,703 suggests an affordable entry point for new investors. However, the key factor to verify is the compliance of your property with the Housing Authority's quality standards.
Data Sources: FMR data from HUD (2027). 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.