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Panola County/Senatobia/38668

38668

ZIPSAFMR
Panola County, MS
Zillow

ZIP Investment Score

78Below average

095130300
BRFMR
Eff. Rent
0 BR$840$920
1 BR$840$920
2 BR$1,100$1,210
3 BR$1,320$1,410
4 BR$1,450$1,600
5 BR$1,667Not available
6 BR$1,918Not available
7 BR$2,205Not available
8 BR$2,536Not available

Purchase Price Calculator

Maximum purchase price
$117,889

Cost breakdown

+Likely effective rent$1,210
HUD FMR$1,100
Market rent$1,400
Est. payment standard (110%)Used$1,210
-Principal and interest-$596
Loan amount$94,311
Down payment$23,578
Rate6.50%
Term30 years
-Operating costs-$414
Property taxes-$118
Insurance-$175
Utilities$0
HOA$0
Management-$121
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,644(83.3% ROI)
Projected value
$126,954
Return breakdown
Property appreciation+$9,065
Loan principal paid down+$3,379
Rental cash flow+$7,200
5-year hold
+$33,517(142.2% ROI)
Projected value
$133,381
Return breakdown
Property appreciation+$15,492
Loan principal paid down+$6,026
Rental cash flow+$12,000
10-year hold
+$71,377(302.7% ROI)
Projected value
$150,908
Return breakdown
Property appreciation+$33,019
Loan principal paid down+$14,358
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.62
1 BR
0.64
2 BR
0.79
3 BR
0.90
4 BR
0.86
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 38668 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 38668 (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. Among 15 ZIP codes in Panola County, 38668 has the 5th-highest two-bedroom rent (county range $910–$1,260). The median county two-bedroom FMR in Mississippi is $905, so ZIP 38668 is 22% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 38668
BedroomsFY 2027Change90–110% range
Studio$840+5.0%$756–$924
1BR$840+3.7%$756–$924
2BR$1,100+3.8%$990–$1,210
3BR$1,320+1.5%$1,188–$1,452
4BR$1,450−3.3%$1,305–$1,595

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 38668
Fiscal yearStudio1BR2BR3BR4BR
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

Two-bedroom rent in nearby Panola County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 38668
38606$1,120+1.8%
38619$1,120+1.8%
38620$990−10.0%
38621$1,070−2.7%
38643$930−15.5%
38646$990−10.0%
38655$1,260+14.5%
38658$1,070−2.7%
38665$1,070−2.7%
38666$910−17.3%
38668Current$1,100—
38670$1,070−2.7%

Questions about ZIP 38668 rents

How much will Section 8 pay for a two-bedroom in ZIP 38668?

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 ZIP 38668 in?

ZIP 38668 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 ZIP 38668 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

County fair market rentSenatobia, MS fair market rentMS statewide rentsWhat is SAFMR?Data sources