FY2026 Fair Market Rents — Smith County
Studio
$727
1BR
$768
2BR
$842
3BR
$1,012
4BR
$1,118
Smith County, Mississippi
FIPS 28129 · County-level FMR and income limit data
FMR Area: Smith County, MS
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $727 | $8,724 |
| 1-Bedroom | $768 | $9,216 |
| 2-Bedroom | $842 | $10,104 |
| 3-Bedroom | $1,012 | $12,144 |
| 4-Bedroom | $1,118 | $13,416 |
To afford the FY2026 2-bedroom FMR of $842/mo under the 30%-of-income rule, a household needs about
$33,680/yr ($2,807/mo). Area Median Income is $75,900.
At MS's federal minimum wage of $7.25/hr, a worker would need to work 90 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $727 | $768 | $842 | $1,012 | $1,118 |
| FY2025 | $807 | $843 | $933 | $1,124 | $1,242 |
| FY2024 | $775 | $804 | $903 | $1,092 | $1,219 |
| FY2023 | $643 | $674 | $766 | $932 | $1,041 |
| FY2022 | $532 | $536 | $705 | $871 | $970 |
| FY2021 | $451 | $519 | $684 | $851 | $945 |
| FY2020 | $428 | $499 | $657 | $899 | $915 |
FY2026 Income Limits
Area Median Income: $75,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $15,960 | $21,640 | $27,320 | $33,000 | $38,680 | $44,050 |
| 50% AMI | $26,600 | $30,400 | $34,200 | $37,950 | $41,000 | $44,050 |
| 80% AMI | $42,500 | $48,600 | $54,650 | $60,700 | $65,600 | $70,450 |