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 | $980 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,510 |
| 5 Bedrooms | $1,752 |
| 6 Bedrooms | $1,962 |
| 7 Bedrooms | $2,119 |
| 8 Bedrooms | $2,225 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,370 | $262,031 | 0.52% | F |
| 4BR | $1,510 | $368,158 | 0.41% | F |
U.S. Census Bureau data (2024)
The ZIP code 39170 is located in a suburban neighborhood characterized by a relatively low density of residents and a modest rental market presence. With a total population of 9,069, only 11.5% of the inhabitants are renters, indicating a primarily owner-occupied community. The median household income stands at $66,638, which is reflective of a middle-class area. The median home value of $267,887 suggests that homes in this ZIP code are affordable but not inexpensive, aligning with the income levels of the residents.
Moving into the realm of rental economics, the Fair Market Rent (FMR) for ZIP 39170 in fiscal year 2024 is set at $1,000. This figure contrasts sharply with the actual market rent, which according to Census ACS data, averages around $745. This discrepancy presents an opportunity for investors, particularly those interested in Section 8 properties, as the government-set FMR can potentially cover a larger portion of the rental cost compared to the current market rates.
Given these economic conditions, ZIP 39170 would be well-suited for a hands-off voucher operator. The lower market rent relative to the FMR means that landlords could rely on Section 8 vouchers to fill their units without the need for extensive tenant screening or management. However, for a hands-on value-add buyer looking to improve property values and rents, there might be limited upside due to the already competitive pricing in the market. Such an investor would have to consider the potential for increasing rents against the backdrop of a predominantly owner-occupied community and moderate income levels.
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.