39042
ZIPSAFMR
Smith County, MS
BRFMR
Eff. Rent
0 BR$1,130$1,240
1 BR$1,130$1,210
2 BR$1,330$1,460
3 BR$1,590$1,730
4 BR$1,760$1,940
5 BR$2,024
6 BR$2,328
7 BR$2,677
8 BR$3,078

Purchase Price Calculator

Maximum purchase price
$155,039

Cost breakdown

+Likely effective rent$1,460
HUD FMR$1,330
Market rent$1,570
Est. payment standard (110%)Used$1,460
Estimated payment standard is $1,460 (110% of FMR).
-Principal and interest-$784
Loan amount$124,031
Down payment$31,008
Rate6.50%
Term30 years
-Operating costs-$476
Property taxes-$155
Insurance-$175
Utilities$0
HOA$0
Management-$146
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,565(76.0% ROI)
Projected value
$166,960
Current value$155,039
Return breakdown
Property appreciation+$11,921
Loan principal paid down+$4,444
Rental cash flow+$7,200
5-year hold
+$40,298(130.0% ROI)
Projected value
$175,412
Current value$155,039
Return breakdown
Property appreciation+$20,373
Loan principal paid down+$7,924
Rental cash flow+$12,000
10-year hold
+$86,306(278.3% ROI)
Projected value
$198,463
Current value$155,039
Return breakdown
Property appreciation+$43,424
Loan principal paid down+$18,882
Rental cash flow+$24,000

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.68ratio
FMR$1,130
Market$1,660
vs market-$530

FMR is below market; voucher rent may lag private rents.

90% standard$1,017 / 0.61 ratio110% standard$1,243 / 0.75 ratio
0.68
1 BR
1 BR
0.90ratio
FMR$1,130
Market$1,260
vs market-$130

FMR is below market; voucher rent may lag private rents.

90% standard$1,017 / 0.81 ratio110% standard$1,243 / 0.99 ratio
0.90
2 BR
2 BR
0.85ratio
FMR$1,330
Market$1,570
vs market-$240

FMR is below market; voucher rent may lag private rents.

90% standard$1,197 / 0.76 ratio110% standard$1,463 / 0.93 ratio
0.85
3 BR
3 BR
0.88ratio
FMR$1,590
Market$1,810
vs market-$220

FMR is below market; voucher rent may lag private rents.

90% standard$1,431 / 0.79 ratio110% standard$1,749 / 0.97 ratio
0.88
4 BR
4 BR
0.76ratio
FMR$1,760
Market$2,310
vs market-$550

FMR is below market; voucher rent may lag private rents.

90% standard$1,584 / 0.69 ratio110% standard$1,936 / 0.84 ratio
0.76
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 39042 (MS) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

39042 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 39042 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,330 and the 4 bedroom fair market rent is $1,760.

Use this page for searches like 39042 FMR, 39042 fair market rent, and 39042 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 39042
Bedroom sizeHUD FMR
Studio$1,130
1 bedroom$1,130
2 bedroom$1,330
3 bedroom$1,590
4 bedroom$1,760