FY2027 Small Area FMR · Courtland, MS

ZIP 38620 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 38620 (Courtland, MS) is $990 a month, up 8.8% from FY2026. That is 5% above the Panola County, MS area-wide FMR of $947.

2-bedroom SAFMR$990per month ▲ 8.8%

Area-wide 2 BR FMR$947Panola County, MS

Rank in the area12thof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$891

2 BR Small Area FMR$990

110% of SAFMR$1,089

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$690▲ 9.5%

1 BR$840▲ 9.1%

2 BR$990▲ 8.8%

3 BR$1,250▲ 7.8%

4 BR$1,510▲ 2.0%

FY2027 FY2026

Where 38620 sits in the Panola County, MS area

Of the 16 ZIP codes HUD lists for the area, 38620 has the 12th highest two-bedroom Small Area FMR. Panola County, MS is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $947 for two bedrooms; an agency that opts in to Small Area FMRs would use $990 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$690	$621 – $759	$659	$630
1 bedroom	$840	$756 – $924	$805	$770
2 bedrooms	$990	$891 – $1,089	$947	$910
3 bedrooms	$1,250	$1,125 – $1,375	$1,193	$1,160
4 bedrooms	$1,510	$1,359 – $1,661	$1,440	$1,480

A household renting a two-bedroom home at the Small Area FMR of $990 needs about $39,600 a year to keep housing costs at 30% of income. The area median family income is $69,100 and the 80% low-income limit for four people is $57,600. ZIP code 38620 lies mainly in Panola County. See the Panola County, MS county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
38658	Pope	2.9 mi	$1,070
38606	Batesville	5.8 mi	$1,120
38927	Enid	9.3 mi	$1,000
38948	Oakland	11.1 mi	$1,070
38666	Sardis	13.6 mi	$910
38622	Crowder	14.1 mi	$910

Questions

What is the Fair Market Rent for ZIP code 38620?

HUD's FY2027 Small Area Fair Market Rents for 38620 are $690 (studio), $840 (1 BR), $990 (2 BR), $1,250 (3 BR) and $1,510 (4 BR) a month.

What is the Section 8 payment standard in 38620?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 38620 that range is $891 to $1,089 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 38620?

The FY2026 income limits of the Panola County, MS area apply: median family income $69,100, low-income (80%) limit $57,600 for a family of four.