Location: Jackson, 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 | $1,020 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,440 | $261,934 | 0.55% | F |
| 4BR | $1,590 | $364,412 | 0.44% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 39154 in fiscal year 2024 is set at $1240. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit in this area. It's important to note that this is not the actual rent you will receive; it's the payment standard used by the Housing Choice Voucher program to determine the maximum allowable rent.
In comparison, the average rent for the same ZIP code, based on Census American Community Survey data, is around $763. This lower figure reflects the typical market rates for renting in the area, which are generally below the FMR. The difference between these two figures highlights the potential subsidy provided by the Section 8 program to help low-income families afford housing.
The 12.7% renter share in ZIP 39154 indicates that approximately 12.7% of households in the area are renters. This statistic suggests there is a moderate demand for rental properties, but it also implies that competition for tenants could be significant. To gauge the exact demand for Section 8 rentals specifically, you should verify the number of vouchers available in your local housing authority and the waiting list status.
If you're looking to acquire a property in this ZIP code, the median home value stands at $257,583. This figure gives you an idea of the typical price range for homes in the area, which can help in budgeting for your investment. Keep in mind that property values can vary widely depending on the condition, size, and location of the property.
Before committing to a Section 8 rental property, ensure that the local housing authority has a sufficient number of active vouchers to cover the units you plan to lease. This verification step is crucial to avoid the risk of having vacant units due to limited availability of eligible tenants.
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.