FY2027 Small Area FMR · Meridian, MS

ZIP 39304 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 39304 (Meridian, MS) is $1,010 a month, up 11.0% from FY2026. That is 0% equal to the Lauderdale County, MS area-wide FMR of $1,006.

2-bedroom SAFMR$1,010per month ▲ 11.0%

Area-wide 2 BR FMR$1,006Lauderdale County, MS

Rank in the area9thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$909

2 BR Small Area FMR$1,010

110% of SAFMR$1,111

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

Studio$880▲ 12.8%

1 BR$900▲ 9.8%

2 BR$1,010▲ 11.0%

3 BR$1,330▲ 9.9%

4 BR$1,340▲ 5.5%

FY2027 FY2026

Where 39304 sits in the Lauderdale County, MS area

Of the 15 ZIP codes HUD lists for the area, 39304 has the 9th highest two-bedroom Small Area FMR. Lauderdale 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 $1,006 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,010 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	$880	$792 – $968	$877	$780
1 bedroom	$900	$810 – $990	$896	$820
2 bedrooms	$1,010	$909 – $1,111	$1,006	$910
3 bedrooms	$1,330	$1,197 – $1,463	$1,328	$1,210
4 bedrooms	$1,340	$1,206 – $1,474	$1,332	$1,270

A household renting a two-bedroom home at the Small Area FMR of $1,010 needs about $40,400 a year to keep housing costs at 30% of income. The area median family income is $89,300 and the 80% low-income limit for four people is $65,650. ZIP code 39304 lies mainly in Lauderdale County. See the Lauderdale County, MS county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
39342	Marion	0.3 mi	$1,130
39305	Meridian	5.0 mi	$1,120
39309	Meridian	9.0 mi	$1,220
39364	Toomsuba	9.4 mi	$1,100
39307	Meridian	10.6 mi	$910
39301	Meridian	10.9 mi	$990

Questions

What is the Fair Market Rent for ZIP code 39304?

HUD's FY2027 Small Area Fair Market Rents for 39304 are $880 (studio), $900 (1 BR), $1,010 (2 BR), $1,330 (3 BR) and $1,340 (4 BR) a month.

What is the Section 8 payment standard in 39304?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 39304 that range is $909 to $1,111 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 39304?

The FY2026 income limits of the Lauderdale County, MS area apply: median family income $89,300, low-income (80%) limit $65,650 for a family of four.