Location: Jackson, MS | Metro: Jackson, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
U.S. Census Bureau data (2024)
The analysis of ZIP 39210 in Jackson, MS, reveals several critical insights for potential Section 8 landlords and small-portfolio investors.
Regarding the rent math, the Family Monthly Rent (FMR) for ZIP 39210 in fiscal year 2024 is set at $1130. However, due to the lack of specific market rent data, it's impossible to make a direct comparison. The absence of this information could indicate that the market rent is either below or closely aligned with the FMR, which would make the rent math workable under Section 8 guidelines.
In terms of acquisition affordability, the data is incomplete, with no specific median home value, days on market (DOM), or percentage of homes requiring price cuts being provided. This lack of detail suggests that there might be limited recent activity in the housing market, making it difficult to assess the typical time and effort required to sell a property in this area. Without these figures, it's challenging to determine if acquiring properties in ZIP 39210 is financially advantageous for investors.
Concerning tenant demand, the ZIP code has a population of 712 individuals, but the renter share is listed as 0.0%. This indicates that there are no renters currently living in the area, which poses a significant challenge for landlords looking to fill properties through Section 8. Given that Section 8 is primarily aimed at assisting renters, the absence of a rental market suggests low demand for such units.
In conclusion, while the rent math appears to align with Section 8 standards based on the available FMR data, the incomplete information on median home values, DOM, and price-cut shares complicates an assessment of acquisition affordability. More critically, the non-existent renter share among the 712 residents of ZIP 39210 signals a weak tenant demand, making it an unattractive investment opportunity for those seeking to capitalize on Section 8 tenancy. Potential investors should proceed with caution and seek additional data before considering investments in this ZIP code.
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.