FMR is near market; voucher and private rents are aligned.
0.93
1 BR
1 BR
0.90ratio
FMR$840
Market$930
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.90
2 BR
2 BR
0.99ratio
FMR$1,020
Market$1,030
vs market-$10
FMR is near market; voucher and private rents are aligned.
0.99
3 BR
3 BR
1.12ratio
FMR$1,260
Market$1,130
vs market+$130
FMR is above market; underwrite to market rent.
1.12
4 BR
4 BR
1.17ratio
FMR$1,340
Market$1,150
vs market+$190
FMR is above market; underwrite to market rent.
1.17
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
--
ZIP 39181 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 39181 (Vicksburg, MS) is $1,020 a month. That is up 7.4% from $950 in FY 2026. Vicksburg is in the Warren 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 $1,019. Among 6 ZIP codes in Warren County, 39181 is tied for the 3rd-highest two-bedroom rent (county range $1,010–$1,080). The median county two-bedroom FMR in Mississippi is $905, so ZIP 39181 is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 39181
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$840
+5.0%
$756–$924
1BR
$800
$840
+5.0%
$756–$924
2BR
$950
$1,020
+7.4%
$918–$1,122
3BR
$1,180
$1,260
+6.8%
$1,134–$1,386
4BR
$1,350
$1,340
−0.7%
$1,206–$1,474
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 39181
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$840
$840
$1,020
$1,260
$1,340
FY 2026
$800
$800
$950
$1,180
$1,350
FY 2025
$840
$840
$1,030
$1,280
$1,490
FY 2024area FMR
$755
$760
$971
$1,235
$1,648
FY 2023area FMR
$637
$641
$844
$1,103
$1,438
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Warren County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 39181?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,019, which applies unless the housing authority uses Small Area FMRs, that basic range is $917 to $1,121 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. 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 39181 in?
ZIP 39181 is in the Warren County, MS non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,019.
How much did fair market rent change in ZIP 39181 for FY 2027?
The two-bedroom FMR rose 7.4%, from $950 in FY 2026 to $1,020 in FY 2027. Since FY 2025 it has fallen 1.0%.
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