Rankin County fair market rent FY 2027Mississippi, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Rankin County, Mississippi is $1,289 a month, effective October 1, 2026: $1,099 for a studio, $1,105 for one bedroom, $1,536 for three and $1,694 for four. It is set for the Jackson, MS HUD Metro FMR Area. The FY 2026 two-bedroom FMR was $1,288 (+0.1%).
Rankin County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $1,099 | $1,091 | +0.7% | $989 to $1,208 |
| 1 bedroom | $1,105 | $1,097 | +0.7% | $994 to $1,215 |
| 2 bedrooms | $1,289 | $1,288 | +0.1% | $1,160 to $1,417 |
| 3 bedrooms | $1,536 | $1,544 | -0.5% | $1,382 to $1,689 |
| 4 bedrooms | $1,694 | $1,705 | -0.6% | $1,524 to $1,863 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Rankin County compares
Rankin County's two-bedroom FMR of $1,289 is the 5th highest of 82 counties in Mississippi, where the county median is $905 and the range $905 to $1,316. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Rankin County ranks 847th.
HUD sets one FMR for each metropolitan area, so Copiah County, Hinds County and Madison County have the same figures as Rankin County (Jackson, MS HUD Metro FMR Area).
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Jackson, MS HUD Metro FMR Area it lists 69 ZIP codes, with two-bedroom Small Area FMRs from $910 to $1,930. This is one of HUD's 65 designated Small Area FMR areas, where housing agencies must set voucher payment standards from the ZIP code figures.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All Mississippi counties · Fair market rents in every state
More for Rankin County
- Rankin County loan limitsThis year's FHFA conforming, FHA and VA county loan limits for 1 to 4 unit homes, from FHFA's and HUD's official files.
- Rankin County property tax rateEffective property tax rate from Census survey data: median taxes paid against median home value, ranked in the state.
- Title insurance premium calculatorOwner's and lender's policy premiums from the official rate schedules of Texas, Florida, Pennsylvania and New York.
- Seller net sheet and closing costsNet proceeds after the payoff, commission, transfer taxes, title premiums and recording fees.
- Real estate transfer tax calculatorDeed transfer taxes for New York, Florida, Pennsylvania, Illinois, the Carolinas, Arkansas, Texas and Arizona.
- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Rankin County property
HeritageDeed does not search title records in Rankin County yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Rankin County fair market rent
What is the fair market rent in Rankin County for FY 2027?
$1,099 for a studio, $1,105 for one bedroom, $1,289 for two, $1,536 for three and $1,694 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Rankin County for FY 2026?
$1,091 for a studio, $1,097 for one bedroom, $1,288 for two, $1,544 for three and $1,705 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Rankin County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $1,160 to $1,417 for two bedrooms here, or from the ZIP code's Small Area FMR, which HUD requires in this area. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Rankin County's fair market rent high for Mississippi?
$1,289 for two bedrooms ranks 5th of 82 counties in Mississippi; the state's county median is $905 (range $905 to $1,316) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/mississippi/rankin-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.