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Madison County/Flora/39071

39071

ZIPSAFMR
Madison County, MS
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$1,020$1,020
1 BR$1,030$1,030
2 BR$1,220$1,220
3 BR$1,490$1,490
4 BR$1,610$1,610
5 BR$1,851Not available
6 BR$2,129Not available
7 BR$2,449Not available
8 BR$2,816Not available

Purchase Price Calculator

Maximum purchase price
$119,375

Cost breakdown

+Likely effective rent$1,220
HUD FMRUsed$1,220
Market rentN/A
Est. payment standardN/A
-Principal and interest-$604
Loan amount$95,500
Down payment$23,875
Rate6.50%
Term30 years
-Operating costs-$416
Property taxes-$119
Insurance-$175
Utilities$0
HOA$0
Management-$122
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,800(82.9% ROI)
Projected value
$128,554
Return breakdown
Property appreciation+$9,179
Loan principal paid down+$3,422
Rental cash flow+$7,200
5-year hold
+$33,788(141.5% ROI)
Projected value
$135,062
Return breakdown
Property appreciation+$15,687
Loan principal paid down+$6,102
Rental cash flow+$12,000
10-year hold
+$71,974(301.5% ROI)
Projected value
$152,810
Return breakdown
Property appreciation+$33,435
Loan principal paid down+$14,539
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 39071 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 39071 (Flora, MS) is $1,220 a month. That is up 2.5% from $1,190 in FY 2026. Flora is in the Jackson, MS HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 13 ZIP codes in Madison County, 39071 has the 5th-highest two-bedroom rent (county range $910–$1,930). The median county two-bedroom FMR in Mississippi is $905, so ZIP 39071 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 39071
BedroomsFY 2027Change90–110% range
Studio$1,020+3.0%$918–$1,122
1BR$1,030+4.0%$927–$1,133
2BR$1,220+2.5%$1,098–$1,342
3BR$1,490+3.5%$1,341–$1,639
4BR$1,610+1.9%$1,449–$1,771

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 39071
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,020$1,030$1,220$1,490$1,610
FY 2026$990$990$1,190$1,440$1,580
FY 2025$970$980$1,170$1,410$1,550
FY 2024$780$780$900$1,090$1,220
FY 2023$680$690$800$970$1,110

Two-bedroom rent in nearby Madison County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 39071
39041$910−25.4%
39045$1,050−13.9%
39046$1,060−13.1%
39051$960−21.3%
39071Current$1,220—
39079$910−25.4%
39110$1,930+58.2%
39130$1,330+9.0%
39146$1,210−0.8%
39157$1,450+18.9%
39158$1,330+9.0%
39209$1,170−4.1%

Questions about ZIP 39071 rents

How much will Section 8 pay for a two-bedroom in ZIP 39071?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,220, that basic range is $1,098 to $1,342 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 39071 in?

ZIP 39071 is in the Jackson, MS HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 39071 for FY 2027?

The two-bedroom FMR rose 2.5%, from $1,190 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 52.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentFlora, MS fair market rentMS statewide rentsWhat is SAFMR?Data sources