FY2027 Small Area FMR · Mize, MS

ZIP 39116 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 39116 (Mize, MS) is $1,230 a month, up 7.9% from FY2026. That is 36% above the Smith County, MS area-wide FMR of $905.

2-bedroom SAFMR$1,230per month ▲ 7.9%

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

Rank in the area2ndof 13 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,107

2 BR Small Area FMR$1,230

110% of SAFMR$1,353

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

Studio$1,030▲ 5.1%

1 BR$1,050▲ 1.0%

2 BR$1,230▲ 7.9%

3 BR$1,470▲ 7.3%

4 BR$1,620▲ 7.3%

FY2027 FY2026

Where 39116 sits in the Smith County, MS area

Of the 13 ZIP codes HUD lists for the area, 39116 has the 2nd highest two-bedroom Small Area FMR. Smith 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 $1,230 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	$1,030	$927 – $1,133	$761	$980
1 bedroom	$1,050	$945 – $1,155	$769	$1,040
2 bedrooms	$1,230	$1,107 – $1,353	$905	$1,140
3 bedrooms	$1,470	$1,323 – $1,617	$1,078	$1,370
4 bedrooms	$1,620	$1,458 – $1,782	$1,189	$1,510

A household renting a two-bedroom home at the Small Area FMR of $1,230 needs about $49,200 a year to keep housing costs at 30% of income. The area median family income is $75,900 and the 80% low-income limit for four people is $60,700. ZIP code 39116 lies mainly in Smith County. See the Smith County, MS county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
39168	Taylorsville	8.7 mi	$910
39111	Magee	10.5 mi	$920
39153	Raleigh	10.6 mi	$910
39119	Mount Olive	12.7 mi	$910
39422	Bay Springs	17.0 mi	$910
39428	Collins	17.1 mi	$940

Questions

What is the Fair Market Rent for ZIP code 39116?

HUD's FY2027 Small Area Fair Market Rents for 39116 are $1,030 (studio), $1,050 (1 BR), $1,230 (2 BR), $1,470 (3 BR) and $1,620 (4 BR) a month.

What is the Section 8 payment standard in 39116?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 39116 that range is $1,107 to $1,353 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 39116?

The FY2026 income limits of the Smith County, MS area apply: median family income $75,900, low-income (80%) limit $60,700 for a family of four.