Section 8 Fair Market Rent (FMR) for ZIP 39158 - 2027

Location: Jackson, MS | Metro: Jackson, MS HUD Metro FMR Area

FY 2027 Fair Market Rent Rates

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 situation in ZIP code 39158, located in Mississippi, presents a unique challenge for both renters and landlords alike. The median income figure is currently unavailable, which makes it difficult to assess the financial capacity of typical households in the area. However, the market rate for rent is also listed as N/A, indicating a lack of comprehensive data on local rental prices.

Despite these uncertainties, the Housing Choice Voucher program provides some clarity. For fiscal year 2024, the Fair Market Rent (FMR) standard for ZIP 39158 is set at $1180. This means that voucher holders can be expected to pay up to this amount for housing, depending on their individual circumstances and the size of the unit they require. The absence of a median income figure and the market rate suggests a significant data gap, but the voucher payment standard offers a benchmark for affordability.

The percentage of renters and the total population in ZIP 39158 are also unspecified, complicating the analysis of competition among landlords. However, the implication of an unknown median income and market rate is that there might be a substantial affordability gap for many residents. This gap could mean that voucher recipients represent a stable and reliable tenant base, given the federal government's guarantee to cover the difference between the voucher holder's contribution and the FMR.

Takeaway for Landlords:

Affordability is likely a key concern for potential tenants in ZIP 39158, making the Housing Choice Voucher program an attractive option for both parties.
The FMR of $1180 serves as a crucial reference point for setting rents that are affordable for voucher recipients and potentially competitive against other properties.
In the absence of detailed local market data, landlords should consider the benefits of accepting vouchers, including guaranteed payments and a steady stream of tenants who may otherwise struggle to find affordable housing.

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.