Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 38960 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 38960 (Tie Plant, MS) is $967 a month. That is up 6.1% from $911 in FY 2026. Tie Plant is in the Grenada County, MS non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it. The median county two-bedroom FMR in Mississippi is $905, so ZIP 38960 is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 38960
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$690
$734
+6.4%
$661–$807
1BR
$694
$739
+6.5%
$665–$813
2BR
$911
$967
+6.1%
$870–$1,064
3BR
$1,092
$1,152
+5.5%
$1,037–$1,267
4BR
$1,206
$1,271
+5.4%
$1,144–$1,398
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 38960
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$734
$739
$967
$1,152
$1,271
FY 2026
$690
$694
$911
$1,092
$1,206
FY 2025
$730
$735
$964
$1,161
$1,313
FY 2024
$685
$690
$906
$1,100
$1,237
FY 2023
$580
$584
$769
$966
$1,050
Questions about ZIP 38960 rents
How much will Section 8 pay for a two-bedroom in ZIP 38960?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $967, that basic range is $870 to $1,064 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 ZIP 38960 in?
ZIP 38960 is in the Grenada County, MS non-metropolitan FMR area.
How much did fair market rent change in ZIP 38960 for FY 2027?
The two-bedroom FMR rose 6.1%, from $911 in FY 2026 to $967 in FY 2027. Since FY 2023 it has risen 25.7%.
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 Fair Market Rents. 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