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 | $1,130 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,730 |
| 5 Bedrooms | $2,007 |
| 6 Bedrooms | $2,248 |
| 7 Bedrooms | $2,428 |
| 8 Bedrooms | $2,549 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,320 | $31,664 | 4.17% | A+ |
| 3BR | $1,570 | $93,953 | 1.67% | A+ |
| 4BR | $1,730 | $137,582 | 1.26% | A |
| 5BR | $2,007 | $227,190 | 0.88% | C |
U.S. Census Bureau data (2024)
The real estate market in ZIP 39212, Jackson, MS, presents a nuanced scenario for both landlords and small-portfolio investors. The median home value stands at $96,492, indicating that the area remains relatively affordable compared to national averages. This affordability can be a significant advantage for investors looking to capitalize on the rental market, especially given the current dynamics.
A key indicator of market health is the fact that only 0.2% of listings have been reduced, suggesting strong seller confidence and limited downward pressure on prices. Additionally, the median days on market (DOM) of 39 days signals a brisk pace of sales, which can be interpreted as a sign of robust demand for homes in this area. These factors collectively imply that pricing power is likely to remain stable or even slightly increase over the next 12-24 months.
On the rental side, the Federal Market Rent (FMR) for ZIP 39212 in fiscal year 2024 is projected to be $1,220, while the current market rent, as measured by ZORI, is $1,217. This slight upward movement in FMR suggests a potential for modest growth in rental income, aligning with the broader trend of stable property values.
For long-term investors, the realistic appreciation thesis in ZIP 39212 hinges on the continued economic development of Jackson and the surrounding areas. The low median home value and strong seller confidence indicate that there is room for appreciation, particularly if local economic conditions improve, leading to increased demand and potentially higher property values. However, the limited reduction in listing prices also suggests that rapid appreciation is unlikely, and investors should expect steady, gradual increases rather than sharp spikes.
In summary, the combination of a low median home value, minimal price reductions, and a short median DOM points to a resilient market with steady demand. The slight increase in FMR further supports the potential for modest rental income growth. Long-term investors can anticipate a conservative appreciation scenario, contingent upon sustained economic stability and growth in the region.
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.