Section 8 Fair Market Rent (FMR) for ZIP 39120 - 2027

Location: Jefferson County, MS | Metro: Adams County, MS

Investment Score for ZIP 39120

N/A

Monthly Rent (2BR)

$920

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$770
1 Bedroom	$840
2 Bedrooms	$920
3 Bedrooms	$1,200
4 Bedrooms	$1,200
5 Bedrooms	$1,392
6 Bedrooms	$1,559
7 Bedrooms	$1,684
8 Bedrooms	$1,768

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$1,200	$158,991	0.75%	D
4BR	$1,200	$263,889	0.45%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

29,039

Median Household Income

$43,632

Housing Units

14,994

Renter Percentage

31.6%

Occupancy Rate

77.6%

Renter Occupied

3,673

ZIP code 39120, located in Mississippi, presents a unique market opportunity for landlords and small-portfolio investors due to its stable housing conditions and moderate rental demand.

The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $850, providing a benchmark for rental pricing that aligns with local affordability standards.
Market rent data from the Census American Community Survey indicates an average rent of $734, suggesting that there is potential for rental price increases to meet the FMR without overpricing the units.
The median home value in ZIP 39120 stands at $117,361, which is relatively low compared to national averages, making property acquisition more feasible for investors.
Renters make up 31.6% of the population, indicating a significant but not overwhelming share of renters in the area, which could support steady rental demand.
Average days on market (DOM) for properties is 104 days, reflecting a moderate time to sell or rent out homes, which can be beneficial for cash flow planning.
The median household income is $43,632, which is below the national average, underscoring the importance of aligning rental prices with local income levels to ensure tenant stability.

Investors should take note of the gap between the current market rent and the FMR, which presents an opportunity for modest rent increases. The low median home value makes this area attractive for those looking to enter the real estate market with a smaller capital investment. However, the below-average median income suggests that rental rates must remain competitive to attract and retain tenants. The moderate DOM indicates a balanced market where neither supply nor demand is overly strained, offering a stable environment for investment. Overall, ZIP 39120 offers a viable option for investors seeking a stable, manageable real estate portfolio with room for strategic growth.

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.