FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 38641
0.84ratio
FMR$1,070
Market$1,280
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 38641
0.88ratio
FMR$1,190
Market$1,360
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.88
3 BR
3 BR- 38641
0.95ratio
FMR$1,540
Market$1,620
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.95
4 BR
4 BR- 38641
0.86ratio
FMR$1,770
Market$2,060
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.86
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
--
Lake Cormorant, MS fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lake Cormorant, MS is $1,190 a month. That is up 3.5% from $1,150 in FY 2026. Lake Cormorant 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 Lake Cormorant is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lake Cormorant, MS
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$940
$990
+5.3%
$891–$1,089
1BR
$1,020
$1,070
+4.9%
$963–$1,177
2BR
$1,150
$1,190
+3.5%
$1,071–$1,309
3BR
$1,490
$1,540
+3.4%
$1,386–$1,694
4BR
$1,720
$1,770
+2.9%
$1,593–$1,947
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lake Cormorant, MS
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$990
$1,070
$1,190
$1,540
$1,770
FY 2026
$940
$1,020
$1,150
$1,490
$1,720
FY 2025
$990
$1,080
$1,220
$1,590
$1,830
FY 2024
$920
$1,020
$1,160
$1,520
$1,760
FY 2023
$740
$820
$940
$1,230
$1,420
Questions about Lake Cormorant, MS rents
How much will Section 8 pay for a two-bedroom in Lake Cormorant, MS?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 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 Lake Cormorant, MS in?
Lake Cormorant, 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 Lake Cormorant, MS for FY 2027?
The two-bedroom FMR rose 3.5%, from $1,150 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 26.6%.
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