Location: Claiborne County, 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 | $1,030 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,440 | $168,981 | 0.85% | C |
| 4BR | $1,580 | $304,403 | 0.52% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 39175 in fiscal year 2024 is set at $900. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, meaning that if you participate in this program, your rental income will be capped at this amount per unit. It's important to note that this is not the actual rent that tenants pay; it's the maximum amount the government will reimburse you for.
In comparison, the average market rent for ZIP code 39175, according to the Census Bureau's American Community Survey (ACS), stands at $1,080. This indicates that the FMR is slightly below the typical rent in the area, which might affect the profitability of your investment if you solely rely on Section 8 vouchers.
The renter share in this ZIP code is 11.6%, suggesting a moderate demand for rental housing. While this percentage is not exceptionally high, it does provide a steady tenant pool, particularly for those who qualify for the Section 8 program.
When considering the acquisition cost of properties in ZIP 39175, the median household income is approximately $127,466. This figure can help you gauge the overall economic health of the area and the potential resale value of your property should you decide to sell in the future.
Before committing to a Section 8 rental property in ZIP 39175, verify that the property meets all the required standards set by the Department of Housing and Urban Development (HUD). These standards ensure that the living conditions are safe and habitable, which is crucial for both compliance and tenant satisfaction.
In summary, while the FMR of $900 is lower than the average market rent of $1,080, there is a consistent demand for rental units. The median income of $127,466 suggests a stable economy. Ensure your property complies with HUD standards to avoid any issues and to maintain a good relationship with your 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.