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 | $1,000 |
| 1 Bedroom | $1,000 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,170 | $28,955 | 4.04% | A+ |
| 3BR | $1,390 | $55,021 | 2.53% | A+ |
| 4BR | $1,540 | $98,931 | 1.56% | A+ |
U.S. Census Bureau data (2024)
The ZIP code 39209 in Jackson, MS, stands out due to its unique demographic and economic characteristics. With a population of 25,776 residents, this area has a significant rental market, with 52.3% of the population renting their homes. The median income here is $36,344, which is notably lower than the median home value of $49,052. This disparity suggests that homeownership is less accessible to many residents, making the rental market a critical component of the local economy.
In terms of Section 8 housing, the Fair Market Rent (FMR) for ZIP 39209 in fiscal year 2024 is set at $960, slightly below the market rate of $975 (ZORI). Landlords and small-portfolio investors should note that while the FMR is lower, it still represents a competitive rent that can cover operational costs and provide a reasonable profit margin. Given the high percentage of renters in the area, there is likely a strong demand for affordable housing options, making Section 8 vouchers an attractive proposition for property owners.
The data signature for ZIP 39209 indicates a transitional environment. The median income is relatively low compared to the median home value, suggesting that many residents rely heavily on rental properties. Additionally, the slight difference between the FMR and ZORI rates highlights a dynamic market where both government assistance and private sector pricing play crucial roles in determining rental affordability. This balance is important for investors to monitor, as changes in either direction could impact the stability and profitability of their investments.
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.