FY2026 Fair Market Rents — Simpson County
Studio
$592
1BR
$762
2BR
$858
3BR
$1,193
4BR
$1,439
Simpson County, Mississippi
FIPS 28127 · County-level FMR and income limit data
FMR Area: Simpson County, MS HUD Metro FMR Area
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 |
To afford the FY2026 2-bedroom FMR of $858/mo under the 30%-of-income rule, a household needs about
$34,320/yr ($2,860/mo). Area Median Income is $72,000.
At MS's federal minimum wage of $7.25/hr, a worker would need to work 92 hours/week to afford that rent.
Recent FMR Trend
| 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 |
FY2026 Income Limits
Area Median Income: $72,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $41,800 |
| 50% AMI | $25,200 | $28,800 | $32,400 | $36,000 | $38,900 | $41,800 |
| 80% AMI | $40,350 | $46,100 | $51,850 | $57,600 | $62,250 | $66,850 |