FY2027 Small Area FMR · Thaxton, MS
ZIP 38871 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 38871 (Thaxton, MS) is $1,120 a month, down 4.3% from FY2026. That is 11% below the Lafayette County, MS area-wide FMR of $1,255.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 38871 sits in the Lafayette County, MS area
Of the 14 ZIP codes HUD lists for the area, 38871 has the 5th highest two-bedroom Small Area FMR. Lafayette 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 $1,255 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,120 for this ZIP code instead.
ZIP code 38871 crosses more than one HUD area. HUD also lists it under Pontotoc County, MS (same figures) and Union County, MS (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $950 | $855 – $1,045 | $1,011 | $990 |
| 1 bedroom | $950 | $855 – $1,045 | $1,017 | $990 |
| 2 bedrooms | $1,120 | $1,008 – $1,232 | $1,255 | $1,170 |
| 3 bedrooms | $1,390 | $1,251 – $1,529 | $1,502 | $1,470 |
| 4 bedrooms | $1,500 | $1,350 – $1,650 | $1,649 | $1,550 |
A household renting a two-bedroom home at the Small Area FMR of $1,120 needs about $44,800 a year to keep housing costs at 30% of income. The area median family income is $98,100 and the 80% low-income limit for four people is $78,500. ZIP code 38871 lies mainly in Pontotoc County, Lafayette County and Union County. See the Lafayette County, MS county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 38871?
HUD's FY2027 Small Area Fair Market Rents for 38871 are $950 (studio), $950 (1 BR), $1,120 (2 BR), $1,390 (3 BR) and $1,500 (4 BR) a month.
What is the Section 8 payment standard in 38871?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 38871 that range is $1,008 to $1,232 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 38871?
The FY2026 income limits of the Lafayette County, MS area apply: median family income $98,100, low-income (80%) limit $78,500 for a family of four.