HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Wayne County, Mississippi (FY 2027)
A two-bedroom in Wayne County carries a FY 2027 Fair Market Rent of $905 a month, effective October 1, 2026 through September 30, 2027. Everything Section 8 pays in Wayne keys off that figure.
Two-bedroom FMR
$905
+7.5% from FY 2026
Payment standard
$815–$996
90% to 110% of the FMR, two-bedroom
Income to afford
$36,200
a year, with rent at 30% of income
Rank in Mississippi
78th 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 | $761 | $685–$837 | $30,440 | $14.63/hr | +7.5% |
| 1 bedroom | $769 | $692–$846 | $30,760 | $14.79/hr | +7.9% |
| 2 bedroom | $905 | $815–$996 | $36,200 | $17.40/hr | +7.5% |
| 3 bedroom | $1,185 | $1,067–$1,304 | $47,400 | $22.79/hr | +7.9% |
| 4 bedroom | $1,189 | $1,070–$1,308 | $47,560 | $22.87/hr | +6.4% |
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 | $1,367 | $1,230–$1,504 |
| 6 bedroom Estimate | $1,546 | $1,391–$1,701 |
| 7 bedroom Estimate | $1,724 | $1,552–$1,896 |
| 8 bedroom Estimate | $1,902 | $1,712–$2,092 |
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 Wayne actually rent for?
Search any address in Wayne for a rent estimate built from nearby comps, with the HUD figure right next to it.
No card needed
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 Wayne somewhere between $815 and $996. 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.
$905 a month is affordable, by HUD's 30% rule, on an income of roughly $36,200 a year. Put another way, $17 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%$815 | Voucher pays at 100%$905 | Voucher pays at 110%$996 |
|---|---|---|---|---|
| $2,500 | $750 | $65 | $155 | $246 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 7% from FY 2026 ($842) to FY 2027 ($905). Since FY 2020 it's up 38% in total, about 4.7% 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 | $492 | $520 | $657 | $840 | $915 | — |
| FY 2021 | $535 | $536 | $684 | $851 | $945 | +4.1% |
| FY 2022 | $552 | $555 | $705 | $871 | $970 | +3.1% |
| FY 2023 | $608 | $611 | $766 | $932 | $1,041 | +8.7% |
| FY 2024 | $738 | $742 | $903 | $1,092 | $1,219 | +17.9% |
| FY 2025 | $770 | $775 | $933 | $1,158 | $1,242 | +3.3% |
| FY 2026 | $708 | $713 | $842 | $1,098 | $1,118 | -9.8% |
| FY 2027In effect | $761 | $769 | $905 | $1,185 | $1,189 | +7.5% |
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 Wayne, that runs from $761 for a studio up to $1,189 for four bedrooms, all five rates in the table above.
Because Wayne 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, Buckatunna included.
Among Mississippi's 82 counties, Wayne ranks 78th for two-bedroom FMR. That's within a couple percent of the state median of $905 and about 15% below the national median county at $1,063. About 19,718 people live here, 46th in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 3 ZIP codes it covers in Wayne, the two-bedroom rate is $910 across the board, so there's no ZIP-level story here.
Nearby counties
Two-bedroom FMR, with how each compares to Wayne.
Greene County
28 mi · 13,615 people
$905
same rate
Perry County
29 mi · 11,449 people
$1,316
+45%
Jones County
31 mi · 66,472 people
$986
+9%
Clarke County
33 mi · 15,314 people
$905
same rate
Jasper County
37 mi · 16,059 people
$905
same rate
Forrest County
46 mi · 78,272 people
$1,316
+45%
George County
51 mi · 25,170 people
$994
+10%
Covington County
54 mi · 18,148 people
$905
same rate
Questions people ask
$905 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $761 for a studio, $769 for one bedroom, $1,185 for three and $1,189 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 Wayne actually go for?
HUD's number is one input. Search any address in Wayne for a rent estimate built from nearby comps. Free to start, no card.
Free tier. No credit card.