FY2027 Small Area FMR · Coila, MS

ZIP 38923 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 38923 (Coila, MS) is $940 a month, up 8.0% from FY2026. That is 4% above the Carroll County, MS area-wide FMR of $905.

2-bedroom SAFMR$940per month ▲ 8.0%

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

Rank in the area5thof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$846

2 BR Small Area FMR$940

110% of SAFMR$1,034

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

Studio$770▲ 8.5%

1 BR$790▲ 8.2%

2 BR$940▲ 8.0%

3 BR$1,240▲ 10.7%

4 BR$1,380▲ 19.0%

FY2027 FY2026

Where 38923 sits in the Carroll County, MS area

Of the 13 ZIP codes HUD lists for the area, 38923 has the 5th highest two-bedroom Small Area FMR. Carroll 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 $940 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	$770	$693 – $847	$761	$710
1 bedroom	$790	$711 – $869	$769	$730
2 bedrooms	$940	$846 – $1,034	$905	$870
3 bedrooms	$1,240	$1,116 – $1,364	$1,110	$1,120
4 bedrooms	$1,380	$1,242 – $1,518	$1,189	$1,160

A household renting a two-bedroom home at the Small Area FMR of $940 needs about $37,600 a year to keep housing costs at 30% of income. The area median family income is $81,400 and the 80% low-income limit for four people is $65,100. ZIP code 38923 lies mainly in Carroll County. See the Carroll County, MS county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
38947	North Carrollton	11.3 mi	$910
38917	Carrollton	12.2 mi	$910
38954	Sidon	13.0 mi	$1,060
38943	Mc Carley	13.3 mi	$940
39176	Vaiden	13.9 mi	$910
38930	Greenwood	14.1 mi	$910

Questions

What is the Fair Market Rent for ZIP code 38923?

HUD's FY2027 Small Area Fair Market Rents for 38923 are $770 (studio), $790 (1 BR), $940 (2 BR), $1,240 (3 BR) and $1,380 (4 BR) a month.

What is the Section 8 payment standard in 38923?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 38923 that range is $846 to $1,034 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 38923?

The FY2026 income limits of the Carroll County, MS area apply: median family income $81,400, low-income (80%) limit $65,100 for a family of four.