This work investigated the isothermal holding time dependence of the densification, microstructure, weight loss, and tensile properties of Fe-Mn-Si powder compacts. Elemental Fe, Mn, and Si powder mixtures with a nominal composition of Fe-28Mn-3Si (in weight percent) were ball milled for 5 h and subsequently pressed under a uniaxial pressure of 400 MPa. The compacted Fe-Mn-Si powder mixtures were sintered at 1200 • C for 0, 1, 2, and 3 h, respectively. In general, the density, weight loss, and tensile properties increased with the increase of the isothermal holding time. A significant increase in density, weight loss, and tensile properties occurred in the compacts being isothermally held for 1 h, as compared to those with no isothermal holding. However, further extension of the isothermal holding time (2 and 3 h) only played a limited role in promoting the sintered density and tensile properties. The weight loss of the sintered compacts was mainly caused by the sublimation of Mn in the Mn depletion region on the surface layer of the sintered Fe-Mn-Si compacts. The length of the Mn depletion region increased with the isothermal holding time. A single α-Fe phase was detected on the surface of all of the sintered compacts, and the locations beyond the Mn depletion region were comprised of a dual dominant γ-austenite and minor ε-martensite.