Location: Jackson, MS | Metro: Jackson, MS HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $960 |
| 3 Bedrooms | $1,140 |
| 4 Bedrooms | $1,260 |
| 5 Bedrooms | $1,462 |
| 6 Bedrooms | $1,637 |
| 7 Bedrooms | $1,768 |
| 8 Bedrooms | $1,856 |
U.S. Census Bureau data (2024)
The ZIP code 39217 stands out due to its unique characteristics that make it an interesting area for real-estate analysis. With only 2,125 residents, this county ZIP is small but entirely dedicated to rental housing, as 100.0% of its population rents their homes. The lack of available data on median income and median home value suggests that this community might have a more transient or economically diverse population, which can impact the stability and dynamics of the local rental market.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 39217 in fiscal year 2024 is set at $930. This figure represents the benchmark used by the U.S. Department of Housing and Urban Development (HUD) to determine the maximum amount of rent assistance that can be provided under the Section 8 program. Given the absence of market rent data, the FMR serves as a crucial indicator for landlords and investors looking to understand the economic landscape of this ZIP code. It implies that the rental rates should align closely with this $930 threshold to remain competitive and attractive to tenants who qualify for Section 8 assistance.
The data signature for ZIP 39217 reads as transitional rather than stable. The complete reliance on rental housing without any information on median income or home values indicates that this area could be undergoing significant changes in its demographic composition or economic conditions. Landlords and small-portfolio investors should monitor trends in tenant turnover, employment opportunities, and overall economic development to make informed decisions about long-term 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.