Mississippi · FIPS 28033 · HUD FY 2027
DeSoto County, Mississippi Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in DeSoto County is $1,301 a month (rent plus utilities), 20% above the Mississippi average of $1,087 and 26% below the U.S. average of $1,761. That is up $27 (2.1%) from FY 2026. At 30% of income, a household needs about $52,040 a year to afford it.
- $1,3012-bedroom FMR+$27 (+2.1%) vs FY 2026
- $1,1911-bedroom FMRMississippi: $928 · U.S.: $1,478
- $52,040Income for a 2-bedroom$25/hour full-time
- 4 of 822BR rank in Mississippi1 = highest rent
| Unit | DeSoto County FY 2027 | FY 2026 | Change | Mississippi avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,095 | $1,060 | +$35 (+3.3%) | $883 | $1,379 | $43,800 |
| 1 bedroom | $1,191 | $1,154 | +$37 (+3.2%) | $928 | $1,478 | $47,640 |
| 2 bedrooms | $1,301 | $1,274 | +$27 (+2.1%) | $1,087 | $1,761 | $52,040 |
| 3 bedrooms | $1,717 | $1,683 | +$34 (+2.0%) | $1,371 | $2,266 | $68,680 |
| 4 bedrooms | $1,981 | $1,959 | +$22 (+1.1%) | $1,518 | $2,607 | $79,240 |
How DeSoto County compares
- HUD sets this rent for the Memphis, TN-MS-AR metro FMR area, which covers 1,262,560 residents in 5 counties.
- Across Mississippi, 2-bedroom FMRs run from $905 (Yalobusha County) to $1,316 (Forrest County).
- Studio to 4-bedroom: $1,095, $1,191, $1,301, $1,717, $1,981. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 8 ZIP codes mostly in DeSoto County (by land area), the 2-bedroom figure ranges from $1,190 to $1,950.
Small Area FMRs by ZIP code in DeSoto County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 38632 | $1,120 | $1,220 | $1,330 | $1,760 | $2,020 | +$40 (+3.1%) | 2% above |
| 38637 | $1,240 | $1,350 | $1,470 | $1,940 | $2,240 | +$70 (+5.0%) | 13% above |
| 38641 | $990 | $1,070 | $1,190 | $1,540 | $1,770 | +$40 (+3.5%) | 9% below |
| 38651 | $1,040 | $1,140 | $1,270 | $1,680 | $1,960 | −$140 (−9.9%) | 2% below |
| 38654 | $1,510 | $1,640 | $1,790 | $2,360 | $2,730 | +$100 (+5.9%) | 38% above |
| 38671 | $1,220 | $1,330 | $1,450 | $1,910 | $2,210 | +$50 (+3.6%) | 11% above |
| 38672 | $1,640 | $1,780 | $1,950 | $2,570 | $2,970 | +$40 (+2.1%) | 50% above |
| 38680 | $1,110 | $1,210 | $1,320 | $1,740 | $2,010 | +$80 (+6.5%) | 1% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.