FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR- 38637
1.06ratio
FMR$1,350
Market$1,270
vs market+$80
FMR is near market; voucher and private rents are aligned.
1.06
2 BR
2 BR- 38637
1.07ratio
FMR$1,470
Market$1,370
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR- 38637
1.25ratio
FMR$1,940
Market$1,550
vs market+$390
FMR is above market; underwrite to market rent.
1.25
4 BR
4 BR- 38637
1.38ratio
FMR$2,240
Market$1,620
vs market+$620
FMR is above market; underwrite to market rent.
1.38
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Horn Lake, MS fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Horn Lake, MS is $1,470 a month. That is up 5.0% from $1,400 in FY 2026. Horn Lake is in the Memphis, TN-MS-AR HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Mississippi is $905, so Horn Lake is 62% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Horn Lake, MS
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,170
$1,240
+6.0%
$1,116–$1,364
1BR
$1,270
$1,350
+6.3%
$1,215–$1,485
2BR
$1,400
$1,470
+5.0%
$1,323–$1,617
3BR
$1,850
$1,940
+4.9%
$1,746–$2,134
4BR
$2,150
$2,240
+4.2%
$2,016–$2,464
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Horn Lake, MS
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,240
$1,350
$1,470
$1,940
$2,240
FY 2026
$1,170
$1,270
$1,400
$1,850
$2,150
FY 2025
$1,170
$1,270
$1,430
$1,880
$2,200
FY 2024
$1,060
$1,180
$1,340
$1,770
$2,060
FY 2023
$840
$940
$1,080
$1,430
$1,660
Questions about Horn Lake, MS rents
How much will Section 8 pay for a two-bedroom in Horn Lake, MS?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,470, that basic range is $1,323 to $1,617 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Horn Lake, MS in?
Horn Lake, MS is in the Memphis, TN-MS-AR HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Horn Lake, MS for FY 2027?
The two-bedroom FMR rose 5.0%, from $1,400 in FY 2026 to $1,470 in FY 2027. Since FY 2023 it has risen 36.1%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set