FY2027 Small Area FMR · Parchman, MS

ZIP 38738 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 38738 (Parchman, MS) is $1,030 a month, up 5.1% from FY2026. That is 14% above the Sunflower County, MS area-wide FMR of $905.

2-bedroom SAFMR$1,030per month ▲ 5.1%

Area-wide 2 BR FMR$905Sunflower County, MS

Rank in the area3rdof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$830▲ 5.1%

1 BR$890▲ 6.0%

2 BR$1,030▲ 5.1%

3 BR$1,330▲ 3.1%

4 BR$1,640▲ 3.8%

FY2027 FY2026

Where 38738 sits in the Sunflower County, MS area

Of the 17 ZIP codes HUD lists for the area, 38738 has the 3rd highest two-bedroom Small Area FMR. Sunflower 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 $905 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 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	$830	$747 – $913	$646	$790
1 bedroom	$890	$801 – $979	$692	$840
2 bedrooms	$1,030	$927 – $1,133	$905	$980
3 bedrooms	$1,330	$1,197 – $1,463	$1,249	$1,290
4 bedrooms	$1,640	$1,476 – $1,804	$1,283	$1,580

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $52,800 and the 80% low-income limit for four people is $57,600. ZIP code 38738 lies mainly in Sunflower County. See the Sunflower County, MS county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
38768	Rome	2.9 mi	$1,100
38737	Drew	5.7 mi	$910
38963	Tutwiler	9.7 mi	$1,100
38957	Sumner	11.0 mi	$1,080
38762	Mound Bayou	11.0 mi	$910
38966	Webb	12.3 mi	$910

Questions

What is the Fair Market Rent for ZIP code 38738?

HUD's FY2027 Small Area Fair Market Rents for 38738 are $830 (studio), $890 (1 BR), $1,030 (2 BR), $1,330 (3 BR) and $1,640 (4 BR) a month.

What is the Section 8 payment standard in 38738?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 38738 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 38738?

The FY2026 income limits of the Sunflower County, MS area apply: median family income $52,800, low-income (80%) limit $57,600 for a family of four.