HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Lauderdale County, Mississippi (FY 2027)
A two-bedroom in Lauderdale County carries a FY 2027 Fair Market Rent of $1,006 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Lauderdale keys off that figure.
Two-bedroom FMR
$1,006
+11.0% from FY 2026
Payment standard
$905–$1,107
90% to 110% of the FMR, two-bedroom
Income to afford
$40,240
a year, with rent at 30% of income
Rank in Mississippi
23rd of 82
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $877 | $789–$965 | $35,080 | $16.87/hr | +12.3% |
| 1 bedroom | $896 | $806–$986 | $35,840 | $17.23/hr | +10.3% |
| 2 bedroom | $1,006 | $905–$1,107 | $40,240 | $19.35/hr | +11.0% |
| 3 bedroom | $1,328 | $1,195–$1,461 | $53,120 | $25.54/hr | +10.3% |
| 4 bedroom | $1,332 | $1,199–$1,465 | $53,280 | $25.62/hr | +5.3% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,532 | $1,379–$1,685 |
| 6 bedroom Estimate | $1,732 | $1,559–$1,905 |
| 7 bedroom Estimate | $1,931 | $1,738–$2,124 |
| 8 bedroom Estimate | $2,131 | $1,918–$2,344 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Lauderdale actually rent for?
Search any address in Lauderdale for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Lauderdale somewhere between $905 and $1,107. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$1,006 a month is affordable, by HUD's 30% rule, on an income of roughly $40,240 a year. Put another way, $19 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$905 | Voucher pays at 100%$1,006 | Voucher pays at 110%$1,107 |
|---|---|---|---|---|
| $2,500 | $750 | $155 | $256 | $357 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 11% from FY 2026 ($906) to FY 2027 ($1,006). Since FY 2020 it's up 32% in total, about 4.0% a year. The Mississippi median moved up 7% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $498 | $580 | $764 | $952 | $1,035 | — |
| FY 2021 | $503 | $583 | $762 | $948 | $1,033 | -0.3% |
| FY 2022 | $563 | $618 | $799 | $994 | $1,233 | +4.9% |
| FY 2023 | $649 | $667 | $811 | $1,047 | $1,217 | +1.5% |
| FY 2024 | $803 | $809 | $955 | $1,255 | $1,385 | +17.8% |
| FY 2025 | $859 | $876 | $995 | $1,332 | $1,405 | +4.2% |
| FY 2026 | $781 | $812 | $906 | $1,204 | $1,265 | -8.9% |
| FY 2027In effect | $877 | $896 | $1,006 | $1,328 | $1,332 | +11.0% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Lauderdale, that runs from $877 for a studio up to $1,332 for four bedrooms, all five rates in the table above.
Because Lauderdale sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Meridian included.
Among Mississippi's 82 counties, Lauderdale ranks 23rd for two-bedroom FMR. That's about 11% above the state median of $905 and about 5% below the national median county at $1,063. About 71,504 people live here, 9th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $910 in 39307 (Meridian) and $1,220 in 39309 (Meridian), with the 13 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 39301 | Meridian | $990 | -1.6% |
| 39302 | Meridian | $1,010 | +0.4% |
| 39303 | Meridian | $1,010 | +0.4% |
| 39304 | Meridian | $1,010 | +0.4% |
| 39305 | Meridian | $1,120 | +11.3% |
| 39307 | Meridian | $910 | -9.5% |
| 39309 | Meridian | $1,220 | +21.3% |
| 39320 | Bailey | $1,120 | +11.3% |
| 39325 | Collinsville | $1,100 | +9.3% |
| 39326 | Daleville | $940 | -6.6% |
| 39335 | Lauderdale | $1,220 | +21.3% |
| 39342 | Marion | $1,130 | +12.3% |
| 39364 | Toomsuba | $1,100 | +9.3% |
Nearby counties
Two-bedroom FMR, with how each compares to Lauderdale.
Kemper County
22 mi · 8,729 people
$905
-10%
Clarke County
27 mi · 15,314 people
$905
-10%
Newton County
27 mi · 21,093 people
$905
-10%
Neshoba County
31 mi · 28,932 people
$905
-10%
Jasper County
43 mi · 16,059 people
$905
-10%
Noxubee County
45 mi · 10,025 people
$905
-10%
Winston County
48 mi · 17,536 people
$905
-10%
Scott County
49 mi · 27,718 people
$1,026
+2%
Questions people ask
$1,006 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $877 for a studio, $896 for one bedroom, $1,328 for three and $1,332 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Lauderdale actually go for?
HUD's number is one input. Search any address in Lauderdale for a rent estimate built from nearby comps. Free to start, no card.
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