Section 8 Fair Market Rent (FMR) for ZIP 39201 - 2027

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

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,350
1 Bedroom	$1,350
2 Bedrooms	$1,580
3 Bedrooms	$1,880
4 Bedrooms	$2,080
5 Bedrooms	$2,413
6 Bedrooms	$2,703
7 Bedrooms	$2,919
8 Bedrooms	$3,065

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

858

Median Household Income

$59,063

Housing Units

835

Renter Percentage

98.5%

Occupancy Rate

81.7%

Renter Occupied

672

The ZIP code 39201, located in Mississippi, presents a unique opportunity for real estate investors interested in the rental market. With a high concentration of renters and specific housing market dynamics, it's important to understand the financial landscape before making any investment decisions.

The Fair Market Rent (FMR) for ZIP 39201 in fiscal year 2024 is set at $1,460, indicating the government's benchmark for what is considered a reasonable rental price in the area.
The average market rent based on the latest Census American Community Survey (ACS) data stands at $1,334, which is slightly below the FMR but still reflects a strong demand for rental properties.
The median income for residents in ZIP 39201 is $59,063, providing insight into the economic capacity of potential tenants to pay rent.
A remarkable 98.5% of the population in ZIP 39201 consists of renters, underscoring the dominance of the rental market over homeownership in this region.
The median home value is listed as N/A, suggesting that homeownership is not a significant factor in this area, which further supports the focus on rental investments.
The Days on Market (DOM) figure is also listed as N/A, possibly due to limited sales activity. However, this does not detract from the robust rental market present in the area.

In summary, ZIP 39201 offers a solid investment prospect for those focused on the rental market. The high renter share and strong demand for rental properties, as evidenced by the FMR and market rent figures, indicate a favorable environment for generating consistent rental income. Given the median income level, there is sufficient economic support for tenants to afford the average rents. While data on home values and DOM are unavailable, the emphasis should be on the thriving rental market rather than the sale of homes. For landlords and small-portfolio investors looking to capitalize on a highly rented area, ZIP 39201 could be a worthwhile consideration.

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.