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Forrest County/Ellisville/39437

39437

ZIPSAFMR
Forrest County, MS
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$710$710
1 BR$800$800
2 BR$950$950
3 BR$1,220$1,220
4 BR$1,490$1,490
5 BR$1,713Not available
6 BR$1,971Not available
7 BR$2,266Not available
8 BR$2,606Not available

Purchase Price Calculator

Maximum purchase price
$79,253

Cost breakdown

+Likely effective rent$950
HUD FMRUsed$950
Market rentN/A
Est. payment standardN/A
-Principal and interest-$401
Loan amount$63,402
Down payment$15,851
Rate6.50%
Term30 years
-Operating costs-$349
Property taxes-$79
Insurance-$175
Utilities$0
HOA$0
Management-$95
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$15,565(98.2% ROI)
Projected value
$85,347
Return breakdown
Property appreciation+$6,094
Loan principal paid down+$2,272
Rental cash flow+$7,200
5-year hold
+$26,465(167.0% ROI)
Projected value
$89,668
Return breakdown
Property appreciation+$10,415
Loan principal paid down+$4,051
Rental cash flow+$12,000
10-year hold
+$55,850(352.4% ROI)
Projected value
$101,451
Return breakdown
Property appreciation+$22,198
Loan principal paid down+$9,652
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

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 39437 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 39437 (Ellisville, MS) is $950 a month. That is down 7.8% from $1,030 in FY 2026. Ellisville 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, 39437 has the 12th-highest two-bedroom rent (county range $950–$1,550). The median county two-bedroom FMR in Mississippi is $905, so ZIP 39437 is 5% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 39437
BedroomsFY 2027Change90–110% range
Studio$710−7.8%$639–$781
1BR$800−7.0%$720–$880
2BR$950−7.8%$855–$1,045
3BR$1,220−7.6%$1,098–$1,342
4BR$1,490+8.8%$1,341–$1,639

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 39437
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$710$800$950$1,220$1,490
FY 2026$770$860$1,030$1,320$1,370
FY 2025$720$820$1,000$1,270$1,320
FY 2024$670$800$970$1,270$1,300
FY 2023$580$690$840$1,120$1,190

Two-bedroom rent in nearby Forrest County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 39437
39401$1,270+33.7%
39402$1,550+63.2%
39403$1,260+32.6%
39404$1,260+32.6%
39406$1,280+34.7%
39425$1,100+15.8%
39437Current$950—
39455$1,050+10.5%
39459$1,050+10.5%
39465$1,230+29.5%
39475$1,270+33.7%
39577$1,090+14.7%

Questions about ZIP 39437 rents

How much will Section 8 pay for a two-bedroom in ZIP 39437?

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 $950 it would be $855 to $1,045. 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 39437 in?

ZIP 39437 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 39437 for FY 2027?

The two-bedroom FMR fell 7.8%, from $1,030 in FY 2026 to $950 in FY 2027. Since FY 2023 it has risen 13.1%.

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

County fair market rentEllisville, MS fair market rentMS statewide rentsWhat is SAFMR?Data sources