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Lowndes County/Columbus/39702

39702

ZIPSAFMR
Lowndes County, MS
Zillow

ZIP Investment Score

110Above average

095130300
BRFMR
Eff. Rent
0 BR$780$860
1 BR$780$860
2 BR$910$1,000
3 BR$1,250$1,290
4 BR$1,270$1,400
5 BR$1,461Not available
6 BR$1,680Not available
7 BR$1,932Not available
8 BR$2,221Not available

Purchase Price Calculator

Maximum purchase price
$86,683

Cost breakdown

+Likely effective rent$1,000
HUD FMR$910
Market rent$1,180
Est. payment standard (110%)Used$1,000
-Principal and interest-$438
Loan amount$69,346
Down payment$17,337
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,350(94.3% ROI)
Projected value
$93,348
Return breakdown
Property appreciation+$6,665
Loan principal paid down+$2,485
Rental cash flow+$7,200
5-year hold
+$27,821(160.5% ROI)
Projected value
$98,074
Return breakdown
Property appreciation+$11,391
Loan principal paid down+$4,431
Rental cash flow+$12,000
10-year hold
+$58,836(339.4% ROI)
Projected value
$110,962
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$10,557
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.59
1 BR
0.60
2 BR
0.77
3 BR
0.95
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 39702 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 39702 (Columbus, MS) is $910 a month. That is up 3.4% from $880 in FY 2026. Columbus is in the Lowndes 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 $931. Among 12 ZIP codes in Lowndes County, 39702 is tied for the 9th-highest two-bedroom rent (county range $910–$1,070).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 39702
BedroomsFY 2027Change90–110% range
Studio$780+5.4%$702–$858
1BR$780+4.0%$702–$858
2BR$910+3.4%$819–$1,001
3BR$1,250+4.2%$1,125–$1,375
4BR$1,2700.0%$1,143–$1,397

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 39702
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$780$780$910$1,250$1,270
FY 2026$740$750$880$1,200$1,270
FY 2025$800$800$940$1,290$1,360
FY 2024area FMR$749$753$906$1,244$1,412
FY 2023area FMR$644$648$791$1,070$1,276

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Lowndes County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 39702
39701$9100.0%
39702Current$910—
39703$930+2.2%
39704$930+2.2%
39705$1,070+17.6%
39710$930+2.2%
39736$9100.0%
39740$9100.0%
39743$1,060+16.5%
39753$930+2.2%
39759$1,060+16.5%
39766$1,010+11.0%

Questions about ZIP 39702 rents

How much will Section 8 pay for a two-bedroom in ZIP 39702?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $931, which applies unless the housing authority uses Small Area FMRs, that basic range is $838 to $1,024 a month; under the ZIP-level Small Area FMR of $910 it would be $819 to $1,001. 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 39702 in?

ZIP 39702 is in the Lowndes County, MS non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $931.

How much did fair market rent change in ZIP 39702 for FY 2027?

The two-bedroom FMR rose 3.4%, from $880 in FY 2026 to $910 in FY 2027. Since FY 2025 it has fallen 3.2%.

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

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