39217

ZIPSAFMR

Hinds County, MS

ZIP Investment Score

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$820	$900	0.8%
1 BR	$820	$900	0.8%
2 BR	$960	$870	1.1%
3 BR	$1,140	$1,140	0.6%
4 BR	$1,260	$1,270	-0.3%
5 BR	$1,449	Not available	-0.3%
6 BR	$1,666	Not available	-0.3%
7 BR	$1,916	Not available	-0.3%
8 BR	$2,204	Not available	-0.3%

Purchase Price Calculator

Maximum purchase price

$67,365

Cost breakdown

+Likely effective rent$870

HUD FMR$960

Market rentUsed$870

Est. payment standard (94%)$900

-Principal and interest-$341

Loan amount$53,892

Down payment$13,473

Rate6.50%

Term30 years

-Operating costs-$329

Property taxes-$67

Insurance-$175

Utilities$0

HOA$0

Management-$87

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$14,311(106.2% ROI)

Projected value

$72,545

Return breakdown

Property appreciation+$5,180

Loan principal paid down+$1,931

Rental cash flow+$7,200

5-year hold

+$24,296(180.3% ROI)

Projected value

$76,217

Return breakdown

Property appreciation+$8,852

Loan principal paid down+$3,443

Rental cash flow+$12,000

10-year hold

+$51,072(379.1% ROI)

Projected value

$86,233

Return breakdown

Property appreciation+$18,868

Loan principal paid down+$8,204

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.73ratio

FMR$820

Market$1,120

vs market-$300

FMR is below market; voucher rent may lag private rents.

0.73

1 BR

0.69ratio

FMR$820

Market$1,180

vs market-$360

FMR is below market; voucher rent may lag private rents.

0.69

2 BR

1.10ratio

FMR$960

Market$870

vs market+$90

FMR is above market; underwrite to market rent.

1.10

3 BR

1.00ratio

FMR$1,140

Market$1,140

vs market+$0

FMR is near market; voucher and private rents are aligned.

1.00

4 BR

0.98ratio

FMR$1,260

Market$1,280

vs market-$20

FMR is near market; voucher and private rents are aligned.

0.98

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 39217 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 39217 (Jackson, MS) is $960 a month. That is up 2.1% from $940 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, 39217 is tied for the 33rd-highest two-bedroom rent (county range $910–$1,670). The median county two-bedroom FMR in Mississippi is $905, so ZIP 39217 is 6% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 39217
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$790	$820	+3.8%	$738–$902
1BR	$800	$820	+2.5%	$738–$902
2BR	$940	$960	+2.1%	$864–$1,056
3BR	$1,130	$1,140	+0.9%	$1,026–$1,254
4BR	$1,250	$1,260	+0.8%	$1,134–$1,386

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 39217
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$820	$820	$960	$1,140	$1,260
FY 2026	$790	$800	$940	$1,130	$1,250
FY 2025	$810	$820	$960	$1,150	$1,280
FY 2024	$800	$800	$930	$1,120	$1,270
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 code	2 bedroom	vs. 39217
39205	$1,240	+29.2%
39206	$1,290	+34.4%
39207	$1,240	+29.2%
39209	$1,170	+21.9%
39210	$1,110	+15.6%
39211	$1,480	+54.2%
39212	$1,320	+37.5%
39213	$960	0.0%
39215	$1,240	+29.2%
39216	$1,380	+43.8%
39217Current	$960	—
39225	$1,240	+29.2%

Questions about ZIP 39217 rents

How much will Section 8 pay for a two-bedroom in ZIP 39217?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $960, that basic range is $864 to $1,056 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 39217 in?

ZIP 39217 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 39217 for FY 2027?

The two-bedroom FMR rose 2.1%, from $940 in FY 2026 to $960 in FY 2027. Since FY 2023 it has fallen 5.9%.

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 rent Jackson, MS fair market rent MS statewide rents What is SAFMR?Data sources