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 |
ZIP code 39269 is positioned within the Jackson, MS HUD Metro FMR Area. Its Fair Market Rent (FMR) for fiscal year 2024 is set at $1130. This figure is crucial for landlords and small-portfolio investors as it directly impacts eligibility for tenants under the Section 8 housing program.
Comparatively, the typical ZIP codes in the Jackson, MS HUD Metro FMR Area have their own specific FMRs, but without detailed figures for all ZIPs, we can infer that 39269's FMR places it at a specific tier within the broader metropolitan context. The FMR of $1130 suggests that 39269 could be considered a value pocket within the metro area, assuming that the average FMR for the Jackson, MS HUD Metro FMR Area is higher. Value pockets are areas where rents are lower than the metro average, making them attractive for both landlords seeking stable occupancy rates and tenants looking for affordable housing options.
The lack of data on market rent and home values means we cannot make direct comparisons to other ZIP codes in terms of those metrics. However, the absence of these figures might indicate that 39269 is less developed or has fewer rental properties compared to other areas within the Jackson, MS HUD Metro FMR Area. This could mean that there is less competition in the rental market, which could be advantageous for landlords.
Additionally, the unknown percentage of renter share makes it difficult to assess the potential demand for rental properties in 39269. A high renter share with below-average home values often signifies a Section 8 sweet spot, where there is a strong concentration of eligible tenants. While we cannot confirm this for 39269 due to missing data, the low FMR does suggest a potentially strong Section 8 presence, which could be beneficial for landlords willing to participate in the program.
In summary, ZIP code 39269 appears to be a value pocket within the Jackson, MS HUD Metro FMR Area, based on its FMR of $1130. This positioning can be leveraged by landlords and small-portfolio investors to attract stable, income-eligible tenants through the Section 8 program. However, the limited data on market rent, home values, and renter share means that further investigation into these aspects would provide a clearer picture of the area's overall investment potential.
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.