ZIP 38914 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 38914 in the Calhoun County, MS FMR area.

Calhoun County, MS

$690Efficiency

$7601 bedroom

$9902 bedrooms

$1,3003 bedrooms

$1,3004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$690	$621	$759	$630
1 bedroom	$760	$684	$836	$692
2 bedrooms	$990	$891	$1,089	$905
3 bedrooms	$1,300	$1,170	$1,430	$1,186
4 bedrooms	$1,300	$1,170	$1,430	$1,191

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

Grenada County, MS

$690Efficiency

$7601 bedroom

$9902 bedrooms

$1,3003 bedrooms

$1,3004 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$690	$621	$759	$734
1 bedroom	$760	$684	$836	$739
2 bedrooms	$990	$891	$1,089	$967
3 bedrooms	$1,300	$1,170	$1,430	$1,152
4 bedrooms	$1,300	$1,170	$1,430	$1,271

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

Income in ZIP 38914

$46,047average adjusted gross income per tax return (2022)

$34,759average salaries and wages per return

170tax returns filed

26%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	35.3%
$25,000 to $50,000	29.4%
$50,000 to $75,000	17.6%
$75,000 to $100,000	17.6%
$100,000 to $200,000	0.0%
$200,000 or more	0.0%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 29.4% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 38914?

HUD's FY2027 Small Area FMRs for ZIP 38914 (Calhoun County, MS) are $690 efficiency, $760 one bedroom, $990 two bedrooms, $1,300 three and $1,300 four bedrooms.

What payment standard can a housing authority set in ZIP 38914?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $891 to $1,089.

How affordable is rent in ZIP 38914?

Tax returns filed from ZIP 38914 reported an average adjusted gross income of $46,047 (2022). A two-bedroom unit at the Small Area FMR costs $11,880 a year, or 26% of that income.