Location: Jackson, MS | Metro: Jackson, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,730 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
The rent math in ZIP code 39167, located in the Jackson, MS HUD Metro FMR Area, does not work due to insufficient data. The Fair Market Rent (FMR) for the area is set at $1290 for fiscal year 2024, but without specific market rent figures, it's impossible to make an accurate comparison.
Acquisition affordability cannot be determined for ZIP code 39167 due to the lack of data on median home values, days on market (DOM), and the percentage of homes that require price cuts. These metrics are crucial for assessing whether the cost of acquiring property is reasonable relative to the potential rental income.
Tenant demand in ZIP code 39167 is also unclear. With no population figures available, and the absence of data on the percentage of renters in the area, it's difficult to gauge the number of potential tenants looking for rental properties.
Verdict: Investing in ZIP code 39167 presents significant challenges due to the lack of comprehensive data. Specifically, the inability to compare Fair Market Rents against actual market rents, assess acquisition costs based on median home values and other key metrics, and evaluate tenant demand based on population and renter share makes it difficult to recommend this area for Section 8 investments. Additional research and data collection would be necessary before making any investment decisions.
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.