FMR is near market; voucher and private rents are aligned.
1.07
2 BR
2 BR
1.08ratio
FMR$1,280
Market$1,180
vs market+$100
FMR is near market; voucher and private rents are aligned.
1.08
3 BR
3 BR
1.10ratio
FMR$1,630
Market$1,480
vs market+$150
FMR is above market; underwrite to market rent.
1.10
4 BR
4 BR
0.90ratio
FMR$1,690
Market$1,880
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.90
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 39406 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 39406 (Hattiesburg, MS) is $1,280 a month. That is up 24.3% from $1,030 in FY 2026. Hattiesburg is in the Hattiesburg, MS MSA. 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 metro-wide two-bedroom FMR of $1,316. Among 12 ZIP codes in Forrest County, 39406 has the 2nd-highest two-bedroom rent (county range $950–$1,550). The median county two-bedroom FMR in Mississippi is $905, so ZIP 39406 is 41% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 39406
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$770
$900
+16.9%
$810–$990
1BR
$860
$1,090
+26.7%
$981–$1,199
2BR
$1,030
$1,280
+24.3%
$1,152–$1,408
3BR
$1,320
$1,630
+23.5%
$1,467–$1,793
4BR
$1,370
$1,690
+23.4%
$1,521–$1,859
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 39406
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$900
$1,090
$1,280
$1,630
$1,690
FY 2026
$770
$860
$1,030
$1,320
$1,370
FY 2025
$800
$890
$1,070
$1,360
$1,430
FY 2024
$700
$820
$1,000
$1,270
$1,330
FY 2023
$630
$740
$900
$1,150
$1,270
Two-bedroom rent in nearby Forrest County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 39406?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,316, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,184 to $1,448 a month; under the ZIP-level Small Area FMR of $1,280 it would be $1,152 to $1,408. 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 39406 in?
ZIP 39406 is in the Hattiesburg, MS MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,316.
How much did fair market rent change in ZIP 39406 for FY 2027?
The two-bedroom FMR rose 24.3%, from $1,030 in FY 2026 to $1,280 in FY 2027. Since FY 2023 it has risen 42.2%.
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