Mississippi · FIPS 28107 · HUD FY 2027
Panola County, Mississippi Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Panola County is $947 a month (rent plus utilities), 13% below the Mississippi average of $1,087 and 46% below the U.S. average of $1,761. That is up $69 (7.9%) from FY 2026. At 30% of income, a household needs about $37,880 a year to afford it.
- $9472-bedroom FMR+$69 (+7.9%) vs FY 2026
- $8051-bedroom FMRMississippi: $928 · U.S.: $1,478
- $37,880Income for a 2-bedroom$18/hour full-time
- 30 of 822BR rank in Mississippi1 = highest rent
| Unit | Panola County FY 2027 | FY 2026 | Change | Mississippi avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $659 | $605 | +$54 (+8.9%) | $883 | $1,379 | $26,360 |
| 1 bedroom | $805 | $743 | +$62 (+8.3%) | $928 | $1,478 | $32,200 |
| 2 bedrooms | $947 | $878 | +$69 (+7.9%) | $1,087 | $1,761 | $37,880 |
| 3 bedrooms | $1,193 | $1,121 | +$72 (+6.4%) | $1,371 | $2,266 | $47,720 |
| 4 bedrooms | $1,440 | $1,455 | −$15 (−1.0%) | $1,518 | $2,607 | $57,600 |
How Panola County compares
- Panola County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Mississippi, 2-bedroom FMRs run from $905 (Yalobusha County) to $1,316 (Forrest County).
- Studio to 4-bedroom: $659, $805, $947, $1,193, $1,440. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 7 ZIP codes mostly in Panola County (by land area), the 2-bedroom figure ranges from $910 to $1,120.
Small Area FMRs by ZIP code in Panola County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 38606 | $950 | $950 | $1,120 | $1,390 | $1,490 | −$50 (−4.3%) | 18% above |
| 38619 | $950 | $950 | $1,120 | $1,390 | $1,490 | −$50 (−4.3%) | 18% above |
| 38620 | $690 | $840 | $990 | $1,250 | $1,510 | +$80 (+8.8%) | 5% above |
| 38621 | $890 | $970 | $1,070 | $1,280 | $1,500 | −$50 (−4.5%) | 13% above |
| 38622 | $720 | $770 | $910 | $1,210 | $1,470 | +$40 (+4.6%) | 4% below |
| 38658 | $750 | $910 | $1,070 | $1,350 | $1,680 | −$40 (−3.6%) | 13% above |
| 38666 | $630 | $770 | $910 | $1,140 | $1,380 | +$40 (+4.6%) | 4% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.