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

The HUD Fair Market Rent for a 2-bedroom unit in Simpson County, MS HUD Metro FMR Area is $858 per month for fiscal year 2026. The studio FMR is $592, 1-bedroom is $762, 3-bedroom is $1,193, and 4-bedroom is $1,439.

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

Using the standard 30%-of-income affordability rule, a household would need to earn about $34,320 per year ($2,860 per month) to afford the FY2026 2-bedroom Fair Market Rent of $858 in Simpson County, MS HUD Metro FMR Area.

FY2026 Fair Market Rents — Simpson County, MS HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2026 in this area are:

Studio

$592

1BR

$762

2BR

$858

3BR

$1,193

4BR

$1,439

Hours/week at min wage

92 hrs

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

YoY change (2BR)

-8%

$75 vs FY2025 · 5-yr +11.3%

Voucher payment standard

$772–$944

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

Simpson County, MS HUD Metro FMR Area

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

FY2026 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$592	$7,104
1-Bedroom	$762	$9,144
2-Bedroom	$858	$10,296
3-Bedroom	$1,193	$14,316
4-Bedroom	$1,439	$17,268

Recent 2-Bedroom FMR Trend

FY2020 $748 → FY2026 $858

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2026	$592	$762	$858	$1,193	$1,439
FY2025	$640	$805	$933	$1,307	$1,567
FY2024	$612	$785	$903	$1,240	$1,532
FY2023	$530	$686	$792	$1,093	$1,349
FY2022	$558	$636	$735	$952	$1,258
FY2021	$619	$676	$771	$959	$1,335
FY2020	$588	$657	$748	$932	$1,149

View full FMR history back to FY2000 →

FY2026 Income Limits

Area Median Income (AMI): $72,000

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

$10,296/yr

FMR as % of Area Median Income

14.3% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$34,320/yr

$2,860/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	$630	$720	$810	$972	$1,044
60% AMI Maximum	$755	$864	$972	$1,166	$1,252

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	$592	$762	$858	$1,170	$1,170
Low HOME Rent	$630	$720	$810	$900	$972

Compare Simpson County, MS HUD Metro FMR Area 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