What is the Fair Market Rent for a 2-bedroom in Covington County, MS HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Covington County, MS HUD Metro FMR Area is $933 per month for fiscal year 2025. The studio FMR is $656, 1-bedroom is $783, 3-bedroom is $1,232, and 4-bedroom is $1,237.

What income do you need to afford the FMR in Covington County, MS HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $37,320 per year ($3,110 per month) to afford the FY2025 2-bedroom Fair Market Rent of $933 in Covington County, MS HUD Metro FMR Area.

FY2025 Fair Market Rents — Covington County, MS HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2025 in this area are:

Studio

$656

1BR

$783

2BR

$933

3BR

$1,232

4BR

$1,237

Hours/week at min wage

99 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

National rank

#556

of 639 U.S. metros (top 88% most expensive)

YoY change (2BR)

+3.3%

+$30 vs FY2024

Voucher payment standard

$840–$1,026

PHAs set HCV payment at 90–110% of the 2BR FMR

Covington County, MS HUD Metro FMR Area

Metropolitan area · MS · View full history · Income limits · LIHTC rents

FY2025 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$656	$7,872
1-Bedroom	$783	$9,396
2-Bedroom	$933	$11,196
3-Bedroom	$1,232	$14,784
4-Bedroom	$1,237	$14,844

Recent 2-Bedroom FMR Trend

FY2022 $705 → FY2025 $933

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2025	$656	$783	$933	$1,232	$1,237
FY2024	$614	$749	$903	$1,210	$1,215
FY2023	$520	$637	$766	$1,089	$1,093
FY2022	$493	$619	$705	$1,001	$1,037

View full FMR history back to FY2000 →

FY2024 Income Limits

Area Median Income (AMI): $55,100

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$15,060	$20,440	$25,820	$31,200	$34,700	$37,250
50% AMI (Very Low)	$22,500	$25,700	$28,900	$32,100	$34,700	$37,250
80% AMI (Low)	$35,950	$41,100	$46,250	$51,350	$55,500	$59,600

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$11,196/yr

FMR as % of Area Median Income

20.3% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$37,320/yr

$3,110/mo gross income

FY2024 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$482	$551	$619	$743	$798
60% AMI Maximum	$578	$661	$743	$892	$958

FY2024 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$614	$749	$895	$895	$895
Low HOME Rent	$562	$642	$722	$802	$867

Compare Covington County, MS HUD Metro FMR Area With Other MS Metros

vs. Benton County, MS HUD Metro FMR Area vs. Gulfport-Biloxi, MS HUD Metro FMR Area vs. Hattiesburg, MS MSA vs. Holmes County, MS HUD Metro FMR Area vs. Jackson, MS HUD Metro FMR Area