Fair Market Rent · Mississippi
Fair Market Rent in DeSoto County, MS
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in DeSoto County is $1,301 a month, +2.1% from FY2026. DeSoto County is part of the Memphis, TN-MS-AR HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,095 | $1,060 | +3.3% | $986–1,204 |
| 1 bedroom | $1,191 | $1,154 | +3.2% | $1,072–1,310 |
| 2 bedrooms | $1,301 | $1,274 | +2.1% | $1,171–1,431 |
| 3 bedrooms | $1,717 | $1,683 | +2% | $1,545–1,889 |
| 4 bedrooms | $1,981 | $1,959 | +1.1% | $1,783–2,179 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in DeSoto County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 38632 | Hernando | $1,330 | $789 | $1,312 |
| 38637 | Horn Lake | $1,470 | $1,505 | $1,435 |
| 38641 | Lake Cormorant | $1,190 | – | – |
| 38651 | Nesbit | $1,270 | $757 | $796 |
| 38654 | Olive Branch | $1,790 | $1,805 | $1,829 |
| 38671 | Southaven | $1,450 | $1,389 | $1,400 |
| 38672 | Southaven | $1,950 | – | $2,218 |
| 38680 | Walls | $1,320 | $1,172 | $1,295 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.