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 | $930 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,090 | $30,440 | 3.58% | A+ |
| 3BR | $1,300 | $48,707 | 2.67% | A+ |
| 4BR | $1,430 | $66,061 | 2.16% | A+ |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 39204, located in Jackson, Mississippi, presents a unique scenario for both landlords and small-portfolio investors. The median home value stands at $49,321, indicating that this area is relatively affordable compared to national averages. However, the fact that only 0.2% of listings have been reduced signals a strong seller's market where homes are holding their value well. This stability suggests that landlords and investors can maintain their property values without significant adjustments.
The median days on market (DOM) being listed as N/A could imply that homes are selling quickly, often before reaching an average DOM period. This rapid turnover further supports the idea of a robust local market, where demand outstrips supply, allowing for better pricing power. Landlords should expect to see steady property values over the next 12-24 months, barring any unforeseen economic downturns.
On the rental side, the forward monthly rent (FMR) for ZIP 39204 in fiscal year 2024 is projected to be $980, while the current market rent (ZORI) sits at $1,104. This gap between the government-subsidized FMR and the actual market rate indicates that landlords participating in the Section 8 program might face challenges in covering operating costs fully. However, it also suggests that there is a potential for landlords to negotiate higher rents with non-subsidized tenants, given the current market conditions.
For long-term investors, the setup in ZIP 39204 implies limited realistic appreciation. The stable median home value and the slight reduction in listings indicate a balanced market rather than one experiencing exponential growth. Investors should focus on the rental income potential, especially with the disparity between FMR and ZORI, rather than expecting substantial capital appreciation. The key to success will be managing properties efficiently to maximize rental yields and maintain occupancy rates amidst competitive market pressures.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.