ZIP 38871 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 38871 in the Lafayette County, MS FMR area.

Lafayette County, MS

$950Efficiency

$9501 bedroom

$1,1202 bedrooms

$1,3903 bedrooms

$1,5004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$950	$855	$1,045	$1,011
1 bedroom	$950	$855	$1,045	$1,017
2 bedrooms	$1,120	$1,008	$1,232	$1,255
3 bedrooms	$1,390	$1,251	$1,529	$1,502
4 bedrooms	$1,500	$1,350	$1,650	$1,649

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

Pontotoc County, MS

$950Efficiency

$9501 bedroom

$1,1202 bedrooms

$1,3903 bedrooms

$1,5004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$950	$855	$1,045	$689
1 bedroom	$950	$855	$1,045	$848
2 bedrooms	$1,120	$1,008	$1,232	$923
3 bedrooms	$1,390	$1,251	$1,529	$1,191
4 bedrooms	$1,500	$1,350	$1,650	$1,543

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

Union County, MS

$950Efficiency

$9501 bedroom

$1,1202 bedrooms

$1,3903 bedrooms

$1,5004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$950	$855	$1,045	$798
1 bedroom	$950	$855	$1,045	$831
2 bedrooms	$1,120	$1,008	$1,232	$905
3 bedrooms	$1,390	$1,251	$1,529	$1,128
4 bedrooms	$1,500	$1,350	$1,650	$1,189

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

Income in ZIP 38871

$56,819average adjusted gross income per tax return (2022)

$43,061average salaries and wages per return

830tax returns filed

24%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	30.1%
$25,000 to $50,000	26.5%
$50,000 to $75,000	18.1%
$75,000 to $100,000	9.6%
$100,000 to $200,000	15.7%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 21.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 38871?

HUD's FY2027 Small Area FMRs for ZIP 38871 (Lafayette County, MS) are $950 efficiency, $950 one bedroom, $1,120 two bedrooms, $1,390 three and $1,500 four bedrooms.

What payment standard can a housing authority set in ZIP 38871?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,008 to $1,232.

How affordable is rent in ZIP 38871?

Tax returns filed from ZIP 38871 reported an average adjusted gross income of $56,819 (2022). A two-bedroom unit at the Small Area FMR costs $13,440 a year, or 24% of that income.