FY2027 Small Area FMR · Collins, MS

ZIP 39428 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 39428 (Collins, MS) is $940 a month, down 1.1% from FY2026. That is 4% above the Covington County, MS area-wide FMR of $905.

2-bedroom SAFMR$940per month ▼ 1.1%

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

Rank in the area5thof 9 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$790▲ 6.8%

1 BR$800■ 0.0%

2 BR$940▼ 1.1%

3 BR$1,140▼ 9.5%

4 BR$1,240▼ 1.6%

FY2027 FY2026

Where 39428 sits in the Covington County, MS area

Of the 9 ZIP codes HUD lists for the area, 39428 has the 5th highest two-bedroom Small Area FMR. Covington 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	$790	$711 – $869	$761	$740
1 bedroom	$800	$720 – $880	$769	$800
2 bedrooms	$940	$846 – $1,034	$905	$950
3 bedrooms	$1,140	$1,026 – $1,254	$1,078	$1,260
4 bedrooms	$1,240	$1,116 – $1,364	$1,189	$1,260

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 $63,000 and the 80% low-income limit for four people is $57,600. ZIP code 39428 lies mainly in Covington County. See the Covington County, MS county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
39119	Mount Olive	9.0 mi	$910
39479	Seminary	10.8 mi	$910
39421	Bassfield	14.0 mi	$1,010
39168	Taylorsville	15.7 mi	$910
39480	Soso	15.7 mi	$1,010
39474	Prentiss	16.8 mi	$910

Questions

What is the Fair Market Rent for ZIP code 39428?

HUD's FY2027 Small Area Fair Market Rents for 39428 are $790 (studio), $800 (1 BR), $940 (2 BR), $1,140 (3 BR) and $1,240 (4 BR) a month.

What is the Section 8 payment standard in 39428?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 39428 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 39428?

The FY2026 income limits of the Covington County, MS area apply: median family income $63,000, low-income (80%) limit $57,600 for a family of four.