FY2026 Fair Market Rents — Lee County, MS
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$847
1BR
$852
2BR
$994
3BR
$1,257
4BR
$1,316
Hours/week at min wage
106 hrs
to afford the 2BR FMR @ $7.25/hr (federal)
YoY change (2BR)
-9.4%
$103 vs FY2025 · 5-yr +26.1%
Voucher payment standard
$895–$1,093
PHAs set HCV payment at 90–110% of the 2BR FMR
Lee 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) | $847 | $10,164 |
| 1-Bedroom | $852 | $10,224 |
| 2-Bedroom | $994 | $11,928 |
| 3-Bedroom | $1,257 | $15,084 |
| 4-Bedroom | $1,316 | $15,792 |
Recent 2-Bedroom FMR Trend
FY2020 $740 → FY2026 $994
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $847 | $852 | $994 | $1,257 | $1,316 |
| FY2025 | $922 | $928 | $1,097 | $1,382 | $1,454 |
| FY2024 | $853 | $859 | $1,045 | $1,319 | $1,486 |
| FY2023 | $722 | $727 | $891 | $1,134 | $1,347 |
| FY2022 | $630 | $634 | $809 | $1,024 | $1,245 |
| FY2021 | $608 | $612 | $788 | $998 | $1,211 |
| FY2020 | $562 | $566 | $740 | $939 | $1,126 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $75,700
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $16,450 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $27,500 | $31,400 | $35,300 | $39,200 | $42,350 | $45,500 |
| 80% AMI (Low) | $43,900 | $50,200 | $56,450 | $62,700 | $67,750 | $72,800 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$11,928/yr
FMR as % of Area Median Income
15.8% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$39,760/yr
$3,313/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 | $662 | $757 | $851 | $1,021 | $1,097 |
| 60% AMI Maximum | $794 | $908 | $1,021 | $1,226 | $1,317 |
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 | $847 | $852 | $994 | $1,230 | $1,230 |
| Low HOME Rent | $687 | $785 | $882 | $980 | $1,058 |
Compare Lee 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