Mississippi · FIPS 28121 · HUD FY 2027
Rankin County, Mississippi Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Rankin County is $1,289 a month (rent plus utilities), 19% above the Mississippi average of $1,087 and 27% below the U.S. average of $1,761. That is up $1 (0.1%) from FY 2026. At 30% of income, a household needs about $51,560 a year to afford it.
- $1,2892-bedroom FMR+$1 (+0.1%) vs FY 2026
- $1,1051-bedroom FMRMississippi: $928 · U.S.: $1,478
- $51,560Income for a 2-bedroom$25/hour full-time
- 5 of 822BR rank in Mississippi1 = highest rent
| Unit | Rankin County FY 2027 | FY 2026 | Change | Mississippi avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,099 | $1,091 | +$8 (+0.7%) | $883 | $1,379 | $43,960 |
| 1 bedroom | $1,105 | $1,097 | +$8 (+0.7%) | $928 | $1,478 | $44,200 |
| 2 bedrooms | $1,289 | $1,288 | +$1 (+0.1%) | $1,087 | $1,761 | $51,560 |
| 3 bedrooms | $1,536 | $1,544 | −$8 (−0.5%) | $1,371 | $2,266 | $61,440 |
| 4 bedrooms | $1,694 | $1,705 | −$11 (−0.6%) | $1,518 | $2,607 | $67,760 |
How Rankin County compares
- HUD sets this rent for the Jackson, MS metro FMR area, which covers 516,889 residents in 4 counties.
- Across Mississippi, 2-bedroom FMRs run from $905 (Yalobusha County) to $1,316 (Forrest County).
- Studio to 4-bedroom: $1,099, $1,105, $1,289, $1,536, $1,694. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 10 ZIP codes mostly in Rankin County (by land area), the 2-bedroom figure ranges from $1,070 to $1,800.
Small Area FMRs by ZIP code in Rankin County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 39042 | $1,180 | $1,180 | $1,380 | $1,640 | $1,810 | +$50 (+3.8%) | 7% above |
| 39047 | $1,530 | $1,540 | $1,800 | $2,140 | $2,370 | −$30 (−1.6%) | 40% above |
| 39073 | $920 | $930 | $1,080 | $1,290 | $1,430 | −$60 (−5.3%) | 16% below |
| 39145 | $910 | $920 | $1,070 | $1,270 | $1,410 | +$40 (+3.9%) | 17% below |
| 39148 | $920 | $930 | $1,080 | $1,290 | $1,430 | −$60 (−5.3%) | 16% below |
| 39167 | $1,240 | $1,240 | $1,450 | $1,730 | $1,910 | no change | 12% above |
| 39193 | $1,160 | $1,170 | $1,360 | $1,620 | $1,790 | +$10 (+0.7%) | 6% above |
| 39208 | $1,160 | $1,170 | $1,360 | $1,620 | $1,790 | +$10 (+0.7%) | 6% above |
| 39218 | $1,130 | $1,140 | $1,330 | $1,580 | $1,750 | −$10 (−0.7%) | 3% above |
| 39232 | $1,420 | $1,430 | $1,670 | $1,990 | $2,190 | −$30 (−1.8%) | 30% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.