Location: Jackson, MS | Metro: Jackson, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,060 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,630 |
| 5 Bedrooms | $1,891 |
| 6 Bedrooms | $2,118 |
| 7 Bedrooms | $2,287 |
| 8 Bedrooms | $2,401 |
The Section 8 housing market in ZIP code 39207, located in Jackson County, Mississippi, offers a unique investment opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) set by the U.S. Department of Housing and Urban Development (HUD) for this area is $1130 for the fiscal year 2024. However, the lack of available market rent data makes it challenging to provide a direct comparison.
Voucher tenants in this ZIP code will generally cashflow at the FMR rate, given that the HUD FMR is designed to reflect the average market rent for a standard unit. This ensures that landlords can cover their costs and maintain a positive cash flow when renting to voucher holders. However, without specific market rent figures, it's difficult to determine if the cashflow is substantial or marginal.
The median home value in ZIP 39207 is also not available, which means we cannot calculate a precise rent-to-price ratio. Typically, this ratio helps investors understand the relationship between rental income and property values, but in this case, we must rely on other indicators for assessing investment potential.
Investors should be aware that the dynamics of days on market (DOM) and price-cut shares are crucial for understanding the local real estate market. Unfortunately, these metrics are not available for ZIP 39207, leaving gaps in our ability to fully analyze the rent-versus-buy scenario. However, the stability of the Section 8 program provides a reliable source of income for landlords, as the federal government guarantees payment for eligible tenants.
The strongest angle for investors in ZIP 39207 is likely to be cashflow. Given the guaranteed nature of Section 8 payments, landlords can expect steady income from voucher tenants, making this an attractive option for those seeking consistent returns on their investment properties.
Data Sources: FMR data from HUD (2027).
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.