Logo Lafayette County Fair Market Rent FY 2016 Lafayette County, MS Rental Data

Fair Market Rent Prices in Lafayette County, MS :
$606 $714 $866 $1,139 $1,187
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Moderate 40th Percentile Non-Metro

Fair Market Rent prices in Lafayette County are high compared to the national average. This FMR area is more expensive than 85% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Lafayette County is $866 per month.

The previous year, rent for a two-bedroom home was $838 per month. This is a 3.34% increase year-over-year.

This FMR rate applies to Paris, MS, Taylor, MS, University, MS, Etta, MS, Waterford, MS, Thaxton, MS, Abbeville, MS, Como, MS, Batesville, MS, Oxford, MS and other cities within the region. The Metro Code or CBSA code for this region is NCNTY28071N28071.

Additionally, This Fair Market Rent (FMR) area Lafayette County, MS spans one county or city in Mississippi which is listed in the table below. Estimated population of Lafayette County, MS FMR area is 47,351 people based on latest Census data.

Compared to the rest of Mississippi, the Lafayette County FMR area is more expensive than 97% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Lafayette County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Lafayette County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 628
1-BR 1-Bedroom $ 740
2-BR 2-Bedroom $ 897
3-BR 3-Bedroom $ 1180
4-BR 4-Bedroom $ 1230
Change Year:

There is just one county (listed below) within the Lafayette County, MS FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Memphis and Columbus - Tupelo - West Point.

County / Region Est. Population
Lafayette County, MS 47,351
Zip Codes in Lafayette County, MS

There are 10 unique zip codes in this Fair Market Rent (FMR) area:

38601, 38606, 38619, 38627, 38655, 38673, 38677, 38685, 38871 and 38949

Lookup Fair Market Rent by Zip Code