Location: Jackson, MS | Metro: Jackson, MS HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
1290 FMR (zip FY 2024) sets the Fair Market Rent for ZIP 39148. Given the limited data available, there is no specific figure for market rent, median home value, or the percentage of renters in the area. The average income data is also unavailable, suggesting a need for further investigation into local economic conditions.
N/A-day DOM indicates that there is no data on days on market for properties in ZIP 39148. Similarly, the percentage of homes that have been subject to price cuts is also not reported, which might suggest a stable housing market where property values remain consistent.
The lack of detailed real estate data for ZIP 39148 makes it challenging to provide a comprehensive analysis. However, the Fair Market Rent of $1290 provides a baseline for rental pricing in the area, which is crucial for landlords and small-portfolio investors looking to align their rents with HUD guidelines.
Given the sparse data, landlords should focus on maintaining properties at or slightly below the $1290 FMR to attract tenants eligible for Section 8 assistance. This strategy ensures compliance with HUD regulations while maximizing occupancy rates.
Section 8 Verdict: ZIP 39148 presents an opportunity for landlords willing to adhere to the $1290 FMR, ensuring alignment with HUD standards and attracting tenants who qualify for Section 8 assistance.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.