Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,140$13,680 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Hancock County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Hancock County, MS
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $786 | $9,432 | $31,440 | $15.12/hr |
| 1-Bedroom Apartment | $923 | $11,076 | $36,920 | $17.75/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,140 | $13,680 | $45,600 | $21.92/hr |
| 3-Bedroom Home | $1,471 | $17,652 | $58,840 | $28.29/hr |
| 4-Bedroom Home | $1,612 | $19,344 | $64,480 | $31.00/hr |
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Frequently Asked Questions About Rent in Hancock County, MS
What is the Fair Market Rent for a 2-bedroom in Hancock County, MS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Hancock County, MS is $1,140 per month ($13,680 per year).
What hourly wage is needed to afford rent in Hancock County, MS?
To comfortably afford a 2-bedroom apartment at $1,140/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $21.92 per hour ($45,600/year).
What are the HUD Fair Market Rents by bedroom count in Hancock County, MS?
Official 2026 HUD rents in Hancock County, MS are: Studio: $786/mo, 1-Bedroom: $923/mo, 2-Bedroom: $1,140/mo, 3-Bedroom: $1,471/mo, and 4-Bedroom: $1,612/mo.
How do HUD Fair Market Rents compare to local incomes in Hancock County, MS?
At the local Census ACS median household income of $67,708/year ($5,642/month), the benchmark 2-bedroom Fair Market Rent represents 20.2% of monthly income.
How is the 30% housing affordability standard calculated in Hancock County, MS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,140/month, the required minimum annual gross income is calculated as ($1,140 × 12) ÷ 0.30 = $45,600 per year.