ZIP 38954 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 38954 in the Holmes County, MS FMR area.

Holmes County, MS

$810Efficiency

$8101 bedroom

$1,0602 bedrooms

$1,3503 bedrooms

$1,3904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$798
1 bedroom	$810	$729	$891	$831
2 bedrooms	$1,060	$954	$1,166	$905
3 bedrooms	$1,350	$1,215	$1,485	$1,253
4 bedrooms	$1,390	$1,251	$1,529	$1,499

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

Carroll County, MS

$810Efficiency

$8101 bedroom

$1,0602 bedrooms

$1,3503 bedrooms

$1,3904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$761
1 bedroom	$810	$729	$891	$769
2 bedrooms	$1,060	$954	$1,166	$905
3 bedrooms	$1,350	$1,215	$1,485	$1,110
4 bedrooms	$1,390	$1,251	$1,529	$1,189

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

Leflore County, MS

$810Efficiency

$8101 bedroom

$1,0602 bedrooms

$1,3503 bedrooms

$1,3904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$810	$729	$891	$687
1 bedroom	$810	$729	$891	$692
2 bedrooms	$1,060	$954	$1,166	$905
3 bedrooms	$1,350	$1,215	$1,485	$1,157
4 bedrooms	$1,390	$1,251	$1,529	$1,189

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

Income in ZIP 38954

$34,646average adjusted gross income per tax return (2022)

$29,885average salaries and wages per return

390tax returns filed

37%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	51.3%
$25,000 to $50,000	30.8%
$50,000 to $75,000	7.7%
$75,000 to $100,000	10.3%
$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. 51.3% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 38954?

HUD's FY2027 Small Area FMRs for ZIP 38954 (Holmes County, MS) are $810 efficiency, $810 one bedroom, $1,060 two bedrooms, $1,350 three and $1,390 four bedrooms.

What payment standard can a housing authority set in ZIP 38954?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $954 to $1,166.

How affordable is rent in ZIP 38954?

Tax returns filed from ZIP 38954 reported an average adjusted gross income of $34,646 (2022). A two-bedroom unit at the Small Area FMR costs $12,720 a year, or 37% of that income.