HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Rankin County, Mississippi (FY 2027)
$1,289 a month. That's HUD's FY 2027 Fair Market Rent for a two-bedroom in Rankin County, and it's the baseline every voucher in Rankin is measured against.
Two-bedroom FMR
$1,289
+0.1% from FY 2026
Payment standard
$1,160–$1,418
90% to 110% of the FMR, two-bedroom
Income to afford
$51,560
a year, with rent at 30% of income
Rank in Mississippi
8th 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 | $1,099 | $989–$1,209 | $43,960 | $21.13/hr | +0.7% |
| 1 bedroom | $1,105 | $995–$1,216 | $44,200 | $21.25/hr | +0.7% |
| 2 bedroom | $1,289 | $1,160–$1,418 | $51,560 | $24.79/hr | +0.1% |
| 3 bedroom | $1,536 | $1,382–$1,690 | $61,440 | $29.54/hr | -0.5% |
| 4 bedroom | $1,694 | $1,525–$1,863 | $67,760 | $32.58/hr | -0.6% |
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 | $1,948 | $1,753–$2,143 |
| 6 bedroom Estimate | $2,202 | $1,982–$2,422 |
| 7 bedroom Estimate | $2,456 | $2,210–$2,702 |
| 8 bedroom Estimate | $2,710 | $2,439–$2,981 |
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 Rankin actually rent for?
Search any address in Rankin 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 Rankin somewhere between $1,160 and $1,418. 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.
$1,289 a month is affordable, by HUD's 30% rule, on an income of roughly $51,560 a year. Put another way, $25 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%$1,160 | Voucher pays at 100%$1,289 | Voucher pays at 110%$1,418 |
|---|---|---|---|---|
| $2,500 | $750 | $410 | $539 | $668 |
| $4,000 | $1,200 | $0 | $89 | $218 |
Rate history
The two-bedroom rate went up 0% from FY 2026 ($1,288) to FY 2027 ($1,289). Since FY 2020 it's up 41% in total, about 5.1% 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 | $707 | $774 | $911 | $1,148 | $1,341 | — |
| FY 2021 | $748 | $794 | $932 | $1,162 | $1,342 | +2.3% |
| FY 2022 | $781 | $812 | $947 | $1,171 | $1,337 | +1.6% |
| FY 2023 | $895 | $908 | $1,059 | $1,289 | $1,463 | +11.8% |
| FY 2024 | $996 | $997 | $1,159 | $1,401 | $1,564 | +9.4% |
| FY 2025 | $1,045 | $1,051 | $1,232 | $1,484 | $1,633 | +6.3% |
| FY 2026 | $1,091 | $1,097 | $1,288 | $1,544 | $1,705 | +4.5% |
| FY 2027In effect | $1,099 | $1,105 | $1,289 | $1,536 | $1,694 | +0.1% |
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 Rankin, that runs from $1,099 for a studio up to $1,694 for four bedrooms, all five rates in the table above.
This is a metro rate. The county doesn't get one of its own. HUD lumps Rankin in with 3 other counties in the Jackson metro, Hinds County, Madison County, Copiah County among them, and every one of them gets $1,289 for a two-bedroom. Where you are inside the metro doesn't change the county number. It does change the ZIP number, covered below.
Among Mississippi's 82 counties, Rankin ranks 8th for two-bedroom FMR. That's about 42% above the state median of $905 and about 21% above the national median county at $1,063. About 158,854 people live here, 4th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,070 in 39145 (Pelahatchie) and $1,800 in 39047 (Brandon), 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 |
|---|---|---|---|
| 39042 | Brandon | $1,380 | +7.1% |
| 39043 | Brandon | $1,450 | +12.5% |
| 39047 | Brandon | $1,800 | +39.6% |
| 39073 | Florence | $1,080 | -16.2% |
| 39145 | Pelahatchie | $1,070 | -17.0% |
| 39148 | Piney Woods | $1,080 | -16.2% |
| 39151 | Puckett | $1,289County rate | — |
| 39161 | Sandhill | $1,289County rate | — |
| 39167 | Star | $1,450 | +12.5% |
| 39193 | Whitfield | $1,360 | +5.5% |
| 39208 | Pearl | $1,360 | +5.5% |
| 39218 | Richland | $1,330 | +3.2% |
| 39232 | Flowood | $1,670 | +29.6% |
| 39288 | Pearl | $1,450 | +12.5% |
| 39298 | Jackson | $1,450 | +12.5% |
Counties sharing the Jackson metro rate
HUD sets one rate for the whole metro, so every county here carries the same $1,289 two-bedroom figure as Rankin.
Nearby counties
Two-bedroom FMR, with how each compares to Rankin.
Hinds County
14 mi · 218,533 people
$1,289
same rate
Madison County
21 mi · 111,647 people
$1,289
same rate
Simpson County
23 mi · 25,691 people
$905
-30%
Scott County
32 mi · 27,718 people
$1,026
-20%
Copiah County
34 mi · 27,855 people
$1,289
same rate
Smith County
38 mi · 14,132 people
$905
-30%
Yazoo County
42 mi · 24,835 people
$1,016
-21%
Leake County
43 mi · 21,319 people
$1,003
-22%
Questions people ask
$1,289 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $1,099 for a studio, $1,105 for one bedroom, $1,536 for three and $1,694 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 Rankin actually go for?
HUD's number is one input. Search any address in Rankin for a rent estimate built from nearby comps. Free to start, no card.
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