ZIP 38650 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 38650 in the Benton County, MS FMR area.

Benton County, MS

$800Efficiency

$8301 bedroom

$9102 bedrooms

$1,1303 bedrooms

$1,1904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$767
1 bedroom	$830	$747	$913	$827
2 bedrooms	$910	$819	$1,001	$905
3 bedrooms	$1,130	$1,017	$1,243	$1,127
4 bedrooms	$1,190	$1,071	$1,309	$1,377

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Tippah County, MS

$800Efficiency

$8301 bedroom

$9102 bedrooms

$1,1303 bedrooms

$1,1904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$765
1 bedroom	$830	$747	$913	$769
2 bedrooms	$910	$819	$1,001	$905
3 bedrooms	$1,130	$1,017	$1,243	$1,170
4 bedrooms	$1,190	$1,071	$1,309	$1,189

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Union County, MS

$800Efficiency

$8301 bedroom

$9102 bedrooms

$1,1303 bedrooms

$1,1904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$800	$720	$880	$798
1 bedroom	$830	$747	$913	$831
2 bedrooms	$910	$819	$1,001	$905
3 bedrooms	$1,130	$1,017	$1,243	$1,128
4 bedrooms	$1,190	$1,071	$1,309	$1,189

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 38650

$53,643average adjusted gross income per tax return (2022)

$41,198average salaries and wages per return

1,620tax returns filed

20%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	31.5%
$25,000 to $50,000	30.2%
$50,000 to $75,000	17.3%
$75,000 to $100,000	8.6%
$100,000 to $200,000	10.5%
$200,000 or more	1.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 26.5% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 38650?

HUD's FY2027 Small Area FMRs for ZIP 38650 (Benton County, MS) are $800 efficiency, $830 one bedroom, $910 two bedrooms, $1,130 three and $1,190 four bedrooms.

What payment standard can a housing authority set in ZIP 38650?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $819 to $1,001.

How affordable is rent in ZIP 38650?

Tax returns filed from ZIP 38650 reported an average adjusted gross income of $53,643 (2022). A two-bedroom unit at the Small Area FMR costs $10,920 a year, or 20% of that income.