Location: Jackson, MS | Metro: Jackson, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP code 39193 in the Jackson, MS HUD Metro FMR Area for fiscal year 2024 is set at $1170. This figure represents the maximum amount that landlords can charge voucher holders for rent. However, due to the lack of available market rent data for this specific area, it's challenging to make a direct comparison between the HUD FMR and the prevailing market rents. Nonetheless, based on the HUD FMR alone, we can infer that voucher tenants in ZIP 39193 will likely cashflow at the FMR rate, meaning landlords should expect to break even or see slight profits without relying on premium units.
The median home value for ZIP 39193 is also currently unavailable. Without this information, deriving an exact rent-to-price ratio is impossible. However, the rent-to-price ratio is a critical metric for understanding the broader housing market dynamics, such as whether renting or buying is more advantageous. The absence of this data suggests that the housing market in this area might be less transparent, which could affect both rental and homeownership decisions.
Regarding the days on market (DOM) and the percentage of price cuts, these figures are also not available. Typically, these metrics would provide insight into how quickly properties are being rented and how often landlords need to reduce their asking prices to attract tenants. The lack of this data implies that the rental market may not have enough activity to provide reliable trends, though this does not necessarily indicate poor performance.
In summary, while the HUD FMR of $1170 provides a solid benchmark for landlords participating in the Section 8 program, the missing market rent and home value data limit a comprehensive analysis. Given the available information, the strongest angle for investors in ZIP 39193 is likely stability. With voucher tenants providing guaranteed income up to the FMR, landlords can expect consistent cash flow, making this area attractive for those seeking long-term, predictable returns.
Data Sources: FMR data from HUD (2027). 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.