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 | $1,360 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $1,910 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,600 | $151,626 | 1.06% | B |
| 3BR | $1,910 | $218,151 | 0.88% | C |
| 4BR | $2,100 | $286,579 | 0.73% | D |
U.S. Census Bureau data (2024)
The ZIP code 39272, located in Byram, Mississippi, presents a unique blend of yield and stability that appeals to both landlords and small-portfolio investors. The Fair Market Rent (FMR) for the fiscal year 2024 is set at $1,390, slightly above the local market rent of $1,347. This indicates a modest potential for higher rental yields compared to the broader market. However, the median home value stands at $222,073, which is significantly higher than the median income of $71,962. This suggests a relatively affluent area but also points to a lower proportion of renters who can afford the housing costs, impacting the stability.
The rental market is supported by a 16.1% share of renters, which is below average for many areas. This figure implies that the majority of residents prefer homeownership, which could affect the consistency of rental demand. The lack of available data on days on market (DOM) for rentals means there's an uncertainty about how quickly properties can be leased, adding another layer of instability.
Given these factors, ZIP 39272 leans towards a steady-cashflow zone rather than a high-yield/low-stability market. While the FMR offers a slight premium over the market rent, the high median home value and the low percentage of renters indicate a stable, albeit less volatile, investment environment. Landlords and investors should expect consistent, if not exceptionally high, returns with fewer risks associated with rapid changes in occupancy rates.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.