FY2026 Fair Market Rents — Hancock County
Studio
$786
1BR
$923
2BR
$1,140
3BR
$1,471
4BR
$1,612
Hancock County, Mississippi
FIPS 28045 · County-level FMR and income limit data
FMR Area: Gulfport-Biloxi, MS HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $786 | $9,432 |
| 1-Bedroom | $923 | $11,076 |
| 2-Bedroom | $1,140 | $13,680 |
| 3-Bedroom | $1,471 | $17,652 |
| 4-Bedroom | $1,612 | $19,344 |
To afford the FY2026 2-bedroom FMR of $1,140/mo under the 30%-of-income rule, a household needs about
$45,600/yr ($3,800/mo). Area Median Income is $83,100.
At MS's federal minimum wage of $7.25/hr, a worker would need to work 121 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $786 | $923 | $1,140 | $1,471 | $1,612 |
| FY2025 | $766 | $896 | $1,117 | $1,446 | $1,540 |
| FY2024 | $825 | $923 | $1,151 | $1,525 | $1,626 |
| FY2023 | $707 | $780 | $944 | $1,283 | $1,395 |
| FY2022 | $666 | $735 | $863 | $1,198 | $1,338 |
| FY2021 | $644 | $701 | $810 | $1,130 | $1,285 |
| FY2020 | $688 | $732 | $846 | $1,169 | $1,372 |
FY2026 Income Limits
Area Median Income: $83,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,500 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,100 | $33,250 | $37,400 | $41,550 | $44,900 | $48,200 |
| 80% AMI | $46,550 | $53,200 | $59,850 | $66,500 | $71,850 | $77,150 |