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Hinds County/Jackson/39203

39203

ZIPSAFMR
Hinds County, MS
Zillow

ZIP Investment Score

169High yield potential

095130300
BRFMR
Eff. Rent
0 BR$770$850
1 BR$780$860
2 BR$910$880
3 BR$1,080$1,160
4 BR$1,190$1,310
5 BR$1,369Not available
6 BR$1,574Not available
7 BR$1,810Not available
8 BR$2,081Not available

Purchase Price Calculator

Maximum purchase price
$68,851

Cost breakdown

+Likely effective rent$880
HUD FMR$910
Market rentUsed$880
Est. payment standard (98%)$890
-Principal and interest-$348
Loan amount$55,081
Down payment$13,770
Rate6.50%
Term30 years
-Operating costs-$332
Property taxes-$69
Insurance-$175
Utilities$0
HOA$0
Management-$88
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$14,467(105.1% ROI)
Projected value
$74,145
Return breakdown
Property appreciation+$5,294
Loan principal paid down+$1,973
Rental cash flow+$7,200
5-year hold
+$24,567(178.4% ROI)
Projected value
$77,899
Return breakdown
Property appreciation+$9,048
Loan principal paid down+$3,519
Rental cash flow+$12,000
10-year hold
+$51,670(375.2% ROI)
Projected value
$88,135
Return breakdown
Property appreciation+$19,284
Loan principal paid down+$8,385
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.68
1 BR
0.63
2 BR
1.03
3 BR
0.90
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 39203 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 39203 (Jackson, MS) is $910 a month. That is up 2.2% from $890 in FY 2026. Jackson 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 37 ZIP codes in Hinds County, 39203 is tied for the 35th-highest two-bedroom rent (county range $910–$1,670).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 39203
BedroomsFY 2027Change90–110% range
Studio$770+2.7%$693–$847
1BR$780+2.6%$702–$858
2BR$910+2.2%$819–$1,001
3BR$1,080+0.9%$972–$1,188
4BR$1,190+0.8%$1,071–$1,309

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 39203
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$770$780$910$1,080$1,190
FY 2026$750$760$890$1,070$1,180
FY 2025$790$800$930$1,120$1,240
FY 2024$780$780$900$1,090$1,220
FY 2023$670$680$790$960$1,090

Two-bedroom rent in nearby Hinds County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 39203
39201$1,580+73.6%
39202$1,070+17.6%
39203Current$910—
39204$1,090+19.8%
39205$1,240+36.3%
39206$1,290+41.8%
39207$1,240+36.3%
39209$1,170+28.6%
39210$1,110+22.0%
39211$1,480+62.6%
39212$1,320+45.1%
39213$960+5.5%

Questions about ZIP 39203 rents

How much will Section 8 pay for a two-bedroom in ZIP 39203?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $910, that basic range is $819 to $1,001 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 39203 in?

ZIP 39203 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 39203 for FY 2027?

The two-bedroom FMR rose 2.2%, from $890 in FY 2026 to $910 in FY 2027. Since FY 2023 it has risen 15.2%.

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