Smith County, MS Fair Market Rent FY2027

Part of the Smith County, MS non-metro FMR area. Fair Market Rents apply from October 1, 2026.

$761Efficiency +4.7%
$7691 bedroom +0.1%
$9052 bedrooms +7.5%
$1,0783 bedrooms +6.5%
$1,1894 bedrooms +6.4%

FY2027 vs FY2026

Unit sizeFY2027FY2026Change
Efficiency$761$727+4.7%
1 bedroom$769$768+0.1%
2 bedrooms$905$842+7.5%
3 bedrooms$1,078$1,012+6.5%
4 bedrooms$1,189$1,118+6.4%

FY2026 income limits

Median family income: $75,900

Household size12345678
Extremely low (30%)$15,960$21,640$27,320$33,000$38,680$44,050$47,100$50,100
Very low (50%)$26,600$30,400$34,200$37,950$41,000$44,050$47,100$50,100
Low income (80%)$42,500$48,600$54,650$60,700$65,600$70,450$75,300$80,150

Section 8 income limits set by HUD for FY2026; programs may use different limits.

Two-bedroom FMR since 1983

FY1983: $3031983FY1985: $314FY1986: $272FY1987: $278FY1988: $286FY1989: $2901989FY1990: $296FY1991: $303FY1992: $313FY1993: $320FY1994: $3061994FY1995: $300FY1996: $347FY1997: $351FY1998: $359FY1999: $3641999FY2000: $364FY2001: $368FY2002: $378FY2003: $389FY2004: $3892004FY2005: $430FY2006: $455FY2007: $473FY2008: $498FY2009: $5362009FY2010: $539FY2011: $576FY2012: $527FY2013: $590FY2014: $7012014FY2015: $620FY2016: $638FY2017: $681FY2018: $661FY2019: $6512019FY2020: $657FY2021: $684FY2022: $705FY2023: $766FY2024: $9032024FY2025: $933FY2026: $842FY2027: $9052027

Questions and answers

What is the Fair Market Rent in Smith County, MS for FY2027?

HUD set the FY2027 Fair Market Rents for Smith County, MS at $761 for an efficiency, $769 for one bedroom, $905 for two bedrooms, $1,078 for three and $1,189 for four bedrooms.

How much did Fair Market Rent change in Smith County, MS?

The two-bedroom FMR changed from $842 in FY2026 to $905 in FY2027 (+7.5%).

What are the HUD income limits for Smith County, MS?

For FY2026 the median family income is $75,900. The low-income (80%) limit for a family of four is $60,700, very low income (50%) $37,950 and extremely low income $33,000.