Panola County, MS

2024 Fair Market Rents

Tags: 2024 Mississippi

Return to the state page to see where Mississippi ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Panola County are Senatobia, Sardis, Courtland, and Marks. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Panola County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Panola County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Panola County compare?

Panola County ($915) has a 4.5% lower FMR for 2-Bedroom housing than the average of Mississippi ($958) and therefore has a lower gross rent.

Panola County is rank 31st out of 82 counties. This means the FMRs, or in other words, the gross rent is higher than 51 other counties. Panola County is the 31st most expensive county in terms of FMRs.

Rent Tables Panola County, MS

Fair Market Rent (40th Percentile)

$620
studio
$752
1-Bedroom
$915
2-Bedroom
$1,198
3-Bedroom
$1,553
4-Bedroom

Median Rent (50th Percentile)

$639
studio
$775
1-Bedroom
$943
2-Bedroom
$1,235
3-Bedroom
$1,600
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
38665 $1,100 $1,140 $1,390 $1,790 $2,110
38668 $760 $790 $960 $1,240 $1,460
38621 $940 $1,020 $1,190 $1,440 $1,580
38665 $1,100 $1,140 $1,390 $1,790 $2,110
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
38665 $990 $1,026 $1,251 $1,611 $1,899
38668 $684 $711 $864 $1,116 $1,314
38621 $846 $918 $1,071 $1,296 $1,422
38665 $990 $1,026 $1,251 $1,611 $1,899
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
38665 $1,210 $1,254 $1,529 $1,969 $2,321
38668 $836 $869 $1,056 $1,364 $1,606
38621 $1,034 $1,122 $1,309 $1,584 $1,738
38665 $1,210 $1,254 $1,529 $1,969 $2,321

Fair Market Rents on this page apply to the following cities in Panola County, Mississippi: Senatobia, Sardis, Courtland, Marks, Sarah, Pope, Crenshaw, and Enid.

These Fair Market Rents also apply to the following ZIP codes in Panola County, Mississippi: 38668, 38666, 38620, 38646, 38665, 38658, 38621, and 38927.

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.