Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 39407 fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 39407 (Hattiesburg, MS) is $1,316 a month. That is up 25.7% from $1,047 in FY 2026. Hattiesburg is in the Hattiesburg, MS MSA. The median county two-bedroom FMR in Mississippi is $905, so ZIP 39407 is 45% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 39407
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$766
$916
+19.6%
$824–$1,008
1BR
$888
$1,117
+25.8%
$1,005–$1,229
2BR
$1,047
$1,316
+25.7%
$1,184–$1,448
3BR
$1,348
$1,676
+24.3%
$1,508–$1,844
4BR
$1,386
$1,730
+24.8%
$1,557–$1,903
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 39407
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$916
$1,117
$1,316
$1,676
$1,730
FY 2026
$766
$888
$1,047
$1,348
$1,386
FY 2025
$851
$952
$1,143
$1,456
$1,515
FY 2024
$766
$906
$1,101
$1,403
$1,466
FY 2023
$660
$785
$949
$1,212
$1,343
Questions about ZIP 39407 rents
How much will Section 8 pay for a two-bedroom in ZIP 39407?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,316, that basic range is $1,184 to $1,448 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 39407 in?
ZIP 39407 is in the Hattiesburg, MS MSA. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in ZIP 39407 for FY 2027?
The two-bedroom FMR rose 25.7%, from $1,047 in FY 2026 to $1,316 in FY 2027. Since FY 2023 it has risen 38.7%.
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