FY2027 Small Area FMR · Verona, MS

ZIP 38879 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 38879 (Verona, MS) is $1,090 a month, up 7.9% from FY2026. That is 4% above the Lee County, MS area-wide FMR of $1,044.

2-bedroom SAFMR$1,090per month ▲ 7.9%

Area-wide 2 BR FMR$1,044Lee County, MS

Rank in the area1stof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$981

2 BR Small Area FMR$1,090

110% of SAFMR$1,199

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

Studio$950▲ 10.5%

1 BR$970▲ 11.5%

2 BR$1,090▲ 7.9%

3 BR$1,380▲ 7.8%

4 BR$1,450▲ 7.4%

FY2027 FY2026

Where 38879 sits in the Lee County, MS area

Of the 17 ZIP codes HUD lists for the area, 38879 has the 1st highest two-bedroom Small Area FMR. Lee 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 $1,044 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,090 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	$950	$855 – $1,045	$921	$860
1 bedroom	$970	$873 – $1,067	$924	$870
2 bedrooms	$1,090	$981 – $1,199	$1,044	$1,010
3 bedrooms	$1,380	$1,242 – $1,518	$1,319	$1,280
4 bedrooms	$1,450	$1,305 – $1,595	$1,372	$1,350

A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 a year to keep housing costs at 30% of income. The area median family income is $75,700 and the 80% low-income limit for four people is $62,700. ZIP code 38879 lies mainly in Lee County. See the Lee County, MS county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
38801	Tupelo	4.2 mi	$1,090
38868	Shannon	4.9 mi	$1,080
38862	Plantersville	5.5 mi	$1,000
38804	Tupelo	7.2 mi	$950
38857	Mooreville	10.6 mi	$930
38826	Belden	10.7 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 38879?

HUD's FY2027 Small Area Fair Market Rents for 38879 are $950 (studio), $970 (1 BR), $1,090 (2 BR), $1,380 (3 BR) and $1,450 (4 BR) a month.

What is the Section 8 payment standard in 38879?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 38879 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 38879?

The FY2026 income limits of the Lee County, MS area apply: median family income $75,700, low-income (80%) limit $62,700 for a family of four.