FMR is below market; voucher rent may lag private rents.
0.62
1 BR
1 BR- 38668
0.64ratio
FMR$840
Market$1,320
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.64
2 BR
2 BR- 38668
0.79ratio
FMR$1,100
Market$1,400
vs market-$300
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 38668
0.90ratio
FMR$1,320
Market$1,460
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.90
4 BR
4 BR- 38668
0.86ratio
FMR$1,450
Market$1,680
vs market-$230
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
--
Senatobia, MS fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Senatobia, MS is $1,100 a month. That is up 3.8% from $1,060 in FY 2026. Senatobia is in the Panola County, MS non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $947. The median county two-bedroom FMR in Mississippi is $905, so Senatobia is 22% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Senatobia, MS
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$840
+5.0%
$756–$924
1BR
$810
$840
+3.7%
$756–$924
2BR
$1,060
$1,100
+3.8%
$990–$1,210
3BR
$1,300
$1,320
+1.5%
$1,188–$1,452
4BR
$1,500
$1,450
−3.3%
$1,305–$1,595
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Senatobia, MS
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$840
$840
$1,100
$1,320
$1,450
FY 2026
$800
$810
$1,060
$1,300
$1,500
FY 2025
$800
$800
$1,050
$1,300
$1,600
FY 2024
$760
$790
$960
$1,240
$1,460
FY 2023
$590
$680
$770
$1,010
$1,160
Questions about Senatobia, MS rents
How much will Section 8 pay for a two-bedroom in Senatobia, MS?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $947, which applies unless the housing authority uses Small Area FMRs, that basic range is $852 to $1,042 a month; under the ZIP-level Small Area FMR of $1,100 it would be $990 to $1,210. 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 Senatobia, MS in?
Senatobia, MS is in the Panola County, MS non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $947.
How much did fair market rent change in Senatobia, MS for FY 2027?
The two-bedroom FMR rose 3.8%, from $1,060 in FY 2026 to $1,100 in FY 2027. Since FY 2023 it has risen 42.9%.
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