FY2026 Fair Market Rents — Covington County, MS
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$708
1BR
$713
2BR
$842
3BR
$1,111
4BR
$1,115
Hours/week at min wage
90 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
-9.8%
$91 vs FY2025 · 5-yr +20.5%
Voucher payment standard
$758–$926
PHAs set HCV payment at 90–110% of the 2BR FMR
Covington County, MS
Non-Metropolitan area · MS · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $708 | $8,496 |
| 1-Bedroom | $713 | $8,556 |
| 2-Bedroom | $842 | $10,104 |
| 3-Bedroom | $1,111 | $13,332 |
| 4-Bedroom | $1,115 | $13,380 |
Recent 2-Bedroom FMR Trend
FY2020 $681 → FY2026 $842
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $708 | $713 | $842 | $1,111 | $1,115 |
| 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 |
| FY2021 | $547 | $548 | $699 | $890 | $966 |
| FY2020 | $510 | $517 | $681 | $849 | $948 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $63,000
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $41,800 |
| 50% AMI (Very Low) | $25,200 | $28,800 | $32,400 | $36,000 | $38,900 | $41,800 |
| 80% AMI (Low) | $40,350 | $46,100 | $51,850 | $57,600 | $62,250 | $66,850 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$10,104/yr
FMR as % of Area Median Income
16% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$33,680/yr
$2,807/mo gross income
FY2026 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 | $551 | $630 | $708 | $850 | $913 |
| 60% AMI Maximum | $661 | $756 | $850 | $1,020 | $1,096 |
FY2026 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 | $708 | $713 | $842 | $1,023 | $1,023 |
| Low HOME Rent | $630 | $720 | $810 | $900 | $972 |
Compare Covington County, MS With Other MS Metros
vs. Benton County, MS HUD Metro FMR Area
vs. Covington 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