ZIP 39038 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 39038 in the Holmes County, MS FMR area.

Holmes County, MS

$760Efficiency

$8301 bedroom

$9102 bedrooms

$1,1503 bedrooms

$1,1904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$798
1 bedroom	$830	$747	$913	$831
2 bedrooms	$910	$819	$1,001	$905
3 bedrooms	$1,150	$1,035	$1,265	$1,253
4 bedrooms	$1,190	$1,071	$1,309	$1,499

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

Humphreys County, MS

$760Efficiency

$8301 bedroom

$9102 bedrooms

$1,1503 bedrooms

$1,1904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$761
1 bedroom	$830	$747	$913	$829
2 bedrooms	$910	$819	$1,001	$905
3 bedrooms	$1,150	$1,035	$1,265	$1,148
4 bedrooms	$1,190	$1,071	$1,309	$1,189

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

Leflore County, MS

$760Efficiency

$8301 bedroom

$9102 bedrooms

$1,1503 bedrooms

$1,1904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$687
1 bedroom	$830	$747	$913	$692
2 bedrooms	$910	$819	$1,001	$905
3 bedrooms	$1,150	$1,035	$1,265	$1,157
4 bedrooms	$1,190	$1,071	$1,309	$1,189

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

Sunflower County, MS

$760Efficiency

$8301 bedroom

$9102 bedrooms

$1,1503 bedrooms

$1,1904 bedrooms

Payment standard range

Unit size	SAFMR	90%	110%	Metro FMR
Efficiency	$760	$684	$836	$646
1 bedroom	$830	$747	$913	$692
2 bedrooms	$910	$819	$1,001	$905
3 bedrooms	$1,150	$1,035	$1,265	$1,249
4 bedrooms	$1,190	$1,071	$1,309	$1,283

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

Income in ZIP 39038

$39,909average adjusted gross income per tax return (2022)

$27,140average salaries and wages per return

2,110tax returns filed

27%of average income for a 2-bedroom SAFMR

Adjusted gross income	Share of returns
$1 to $25,000	53.6%
$25,000 to $50,000	27.0%
$50,000 to $75,000	9.0%
$75,000 to $100,000	3.8%
$100,000 to $200,000	4.7%
$200,000 or more	1.9%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 48.8% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 39038?

HUD's FY2027 Small Area FMRs for ZIP 39038 (Holmes County, MS) are $760 efficiency, $830 one bedroom, $910 two bedrooms, $1,150 three and $1,190 four bedrooms.

What payment standard can a housing authority set in ZIP 39038?

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 39038?

Tax returns filed from ZIP 39038 reported an average adjusted gross income of $39,909 (2022). A two-bedroom unit at the Small Area FMR costs $10,920 a year, or 27% of that income.