Location: Jackson, MS | Metro: Jackson, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,130 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
The ZIP code 39130 is located in an area of Mississippi known for its rural charm and modest living standards. The exact demographic details such as population size, percentage of renters, median household income, and median home value are currently unavailable. However, the economic landscape for rental properties can still be analyzed based on the available Fair Market Rent (FMR) data.
For fiscal year 2024, the FMR for ZIP code 39130 is set at $1180. This figure represents the maximum amount that a Section 8 tenant can pay for rent, which is crucial for landlords operating in this region. While specific market rent data for the area is not provided, it's important to consider how the FMR compares to local rental rates when deciding whether to participate in the Section 8 program.
Given the lack of detailed market rent information, the decision to invest in ZIP 39130 hinges on the type of investment strategy you prefer. For hands-off operators who seek steady, government-backed income streams, the Section 8 program can offer predictable cash flows without the need for active property management. The FMR of $1180 provides a clear benchmark for the rent that can be charged under the voucher program, making it easier to forecast revenues.
On the other hand, if you're a hands-on value-add buyer looking to improve properties and increase their value, ZIP 39130 might present opportunities to renovate homes and potentially command higher rents once market conditions are better understood. However, the success of such a strategy would depend on the ability to find undervalued properties and the willingness of tenants to move into improved housing.
In conclusion, ZIP 39130 offers a straightforward investment opportunity for those who favor a stable, low-risk approach through the Section 8 program, with a clear rental rate of $1180. For more aggressive investors, there may be untapped potential, but this requires further investigation into local market dynamics and property values.
Data Sources: FMR data from HUD (2027).
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.