ZIP 38841 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 38841 in the Pontotoc County, MS FMR area.

Pontotoc County, MS

$690Efficiency

$8301 bedroom

$9102 bedrooms

$1,1703 bedrooms

$1,5104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$690	$621	$759	$689
1 bedroom	$830	$747	$913	$848
2 bedrooms	$910	$819	$1,001	$923
3 bedrooms	$1,170	$1,053	$1,287	$1,191
4 bedrooms	$1,510	$1,359	$1,661	$1,543

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

Union County, MS

$690Efficiency

$8301 bedroom

$9102 bedrooms

$1,1703 bedrooms

$1,5104 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$690	$621	$759	$798
1 bedroom	$830	$747	$913	$831
2 bedrooms	$910	$819	$1,001	$905
3 bedrooms	$1,170	$1,053	$1,287	$1,128
4 bedrooms	$1,510	$1,359	$1,661	$1,189

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

Income in ZIP 38841

$48,569average adjusted gross income per tax return (2022)

$38,417average salaries and wages per return

1,420tax returns filed

22%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	34.5%
$25,000 to $50,000	33.1%
$50,000 to $75,000	14.8%
$75,000 to $100,000	7.0%
$100,000 to $200,000	10.6%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 28.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 38841?

HUD's FY2027 Small Area FMRs for ZIP 38841 (Pontotoc County, MS) are $690 efficiency, $830 one bedroom, $910 two bedrooms, $1,170 three and $1,510 four bedrooms.

What payment standard can a housing authority set in ZIP 38841?

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 38841?

Tax returns filed from ZIP 38841 reported an average adjusted gross income of $48,569 (2022). A two-bedroom unit at the Small Area FMR costs $10,920 a year, or 22% of that income.