Skip to main content
Loading page
Hinds County/Jackson/39206

39206

ZIPSAFMR
Hinds County, MS
Zillow

ZIP Investment Score

195High yield potential

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,210
1 BR$1,110$980
2 BR$1,290$1,080
3 BR$1,540$1,410
4 BR$1,700$1,630
5 BR$1,955Not available
6 BR$2,248Not available
7 BR$2,585Not available
8 BR$2,973Not available

Purchase Price Calculator

Maximum purchase price
$98,571

Cost breakdown

+Likely effective rent$1,080
HUD FMR$1,290
Market rentUsed$1,080
Est. payment standard (90%)$1,160
-Principal and interest-$498
Loan amount$78,857
Down payment$19,714
Rate6.50%
Term30 years
-Operating costs-$382
Property taxes-$99
Insurance-$175
Utilities$0
HOA$0
Management-$108
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$17,604(89.3% ROI)
Projected value
$106,150
Return breakdown
Property appreciation+$7,579
Loan principal paid down+$2,825
Rental cash flow+$7,200
5-year hold
+$29,991(152.1% ROI)
Projected value
$111,524
Return breakdown
Property appreciation+$12,953
Loan principal paid down+$5,038
Rental cash flow+$12,000
10-year hold
+$63,613(322.7% ROI)
Projected value
$126,179
Return breakdown
Property appreciation+$27,608
Loan principal paid down+$12,005
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.81
1 BR
1.13
2 BR
1.19
3 BR
1.09
4 BR
1.04
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 39206 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 39206 (Jackson, MS) is $1,290 a month. That is up 0.8% from $1,280 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, 39206 has the 9th-highest two-bedroom rent (county range $910–$1,670). The median county two-bedroom FMR in Mississippi is $905, so ZIP 39206 is 43% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 39206
BedroomsFY 2027Change90–110% range
Studio$1,100+1.9%$990–$1,210
1BR$1,110+1.8%$999–$1,221
2BR$1,290+0.8%$1,161–$1,419
3BR$1,540+0.7%$1,386–$1,694
4BR$1,700+0.6%$1,530–$1,870

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 39206
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,110$1,290$1,540$1,700
FY 2026$1,080$1,090$1,280$1,530$1,690
FY 2025$1,030$1,040$1,220$1,470$1,620
FY 2024$970$970$1,130$1,370$1,520
FY 2023$860$870$1,020$1,240$1,410

Two-bedroom rent in nearby Hinds County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 39206
39201$1,580+22.5%
39202$1,070−17.1%
39203$910−29.5%
39204$1,090−15.5%
39205$1,240−3.9%
39206Current$1,290—
39207$1,240−3.9%
39209$1,170−9.3%
39210$1,110−14.0%
39211$1,480+14.7%
39212$1,320+2.3%
39213$960−25.6%

Questions about ZIP 39206 rents

How much will Section 8 pay for a two-bedroom in ZIP 39206?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 39206 in?

ZIP 39206 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 39206 for FY 2027?

The two-bedroom FMR rose 0.8%, from $1,280 in FY 2026 to $1,290 in FY 2027. Since FY 2023 it has risen 26.5%.

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