ZIP 38828 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 38828 in the Lee County, MS FMR area.

Lee County, MS

$780Efficiency

$8301 bedroom

$9102 bedrooms

$1,1403 bedrooms

$1,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$921
1 bedroom	$830	$747	$913	$924
2 bedrooms	$910	$819	$1,001	$1,044
3 bedrooms	$1,140	$1,026	$1,254	$1,319
4 bedrooms	$1,340	$1,206	$1,474	$1,372

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

Pontotoc County, MS

$780Efficiency

$8301 bedroom

$9102 bedrooms

$1,1403 bedrooms

$1,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$689
1 bedroom	$830	$747	$913	$848
2 bedrooms	$910	$819	$1,001	$923
3 bedrooms	$1,140	$1,026	$1,254	$1,191
4 bedrooms	$1,340	$1,206	$1,474	$1,543

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

Union County, MS

$780Efficiency

$8301 bedroom

$9102 bedrooms

$1,1403 bedrooms

$1,3404 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$780	$702	$858	$798
1 bedroom	$830	$747	$913	$831
2 bedrooms	$910	$819	$1,001	$905
3 bedrooms	$1,140	$1,026	$1,254	$1,128
4 bedrooms	$1,340	$1,206	$1,474	$1,189

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

Income in ZIP 38828

$57,295average adjusted gross income per tax return (2022)

$46,349average salaries and wages per return

1,910tax returns filed

19%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	28.8%
$25,000 to $50,000	28.8%
$50,000 to $75,000	17.3%
$75,000 to $100,000	11.0%
$100,000 to $200,000	12.0%
$200,000 or more	2.1%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 23.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 38828?

HUD's FY2027 Small Area FMRs for ZIP 38828 (Lee County, MS) are $780 efficiency, $830 one bedroom, $910 two bedrooms, $1,140 three and $1,340 four bedrooms.

What payment standard can a housing authority set in ZIP 38828?

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 38828?

Tax returns filed from ZIP 38828 reported an average adjusted gross income of $57,295 (2022). A two-bedroom unit at the Small Area FMR costs $10,920 a year, or 19% of that income.