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 |
The real estate landscape in ZIP code 39286 presents a unique set of conditions that will shape the market over the next 12-24 months. With the median home value currently unavailable, it's critical to focus on other indicators such as the percentage of listings that have been reduced and the median days on market (DOM), which are also reported as N/A. These missing data points suggest a lack of recent transactional activity, pointing towards a relatively stable market where significant price adjustments are uncommon.
The absence of substantial reductions in listing prices and a stable DOM indicate that sellers retain considerable pricing power. This stability, however, does not necessarily imply growth; rather, it suggests that the market is unlikely to experience a downturn in property values. For landlords and small-portfolio investors, this translates into a secure environment where capital preservation is likely but aggressive appreciation may be limited.
On the rental side, the Fair Market Rent (FMR) for ZIP code 39286 is set at $1130 for fiscal year 2024. This figure represents the government's estimate of the average rent for a modest apartment in the area and is used to determine eligibility for programs like Section 8. The comparison to the N/A market rent indicates that the rental market may be aligning closely with government estimates, suggesting that rental rates are steady and reflective of broader market conditions. This stability can benefit landlords who aim to maintain consistent cash flows without the volatility associated with rapid rent increases or decreases.
For long-term investors looking beyond the immediate horizon, the setup implies a cautious approach to appreciation. Given the current data, there is no strong indication of significant price increases. Instead, the market appears to favor those who prioritize stability and long-term holding strategies. The realistic appreciation thesis is tied to broader economic factors and regional development trends, which would need to be monitored for any shifts that could impact property values positively or negatively.
In summary, ZIP code 39286 offers a stable environment for real estate investments, with sellers maintaining pricing power and the rental market reflecting government estimates. Long-term investors should focus on capital preservation and steady rental income rather than expecting rapid appreciation.
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.