Rental Benchmark Overview
2-Bedroom Benchmark Rent
$955$11,460 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Leake County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Leake 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 | $803 | $9,636 | $32,120 | $15.44/hr |
| 1-Bedroom Apartment | $808 | $9,696 | $32,320 | $15.54/hr |
| 2-Bedroom ApartmentStandard Benchmark | $955 | $11,460 | $38,200 | $18.37/hr |
| 3-Bedroom Home | $1,145 | $13,740 | $45,800 | $22.02/hr |
| 4-Bedroom Home | $1,264 | $15,168 | $50,560 | $24.31/hr |
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Frequently Asked Questions About Rent in Leake County, MS
What is the Fair Market Rent for a 2-bedroom in Leake County, MS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Leake County, MS is $955 per month ($11,460 per year).
What hourly wage is needed to afford rent in Leake County, MS?
To comfortably afford a 2-bedroom apartment at $955/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.37 per hour ($38,200/year).
What are the HUD Fair Market Rents by bedroom count in Leake County, MS?
Official 2026 HUD rents in Leake County, MS are: Studio: $803/mo, 1-Bedroom: $808/mo, 2-Bedroom: $955/mo, 3-Bedroom: $1,145/mo, and 4-Bedroom: $1,264/mo.
How do HUD Fair Market Rents compare to local incomes in Leake County, MS?
At the local Census ACS median household income of $50,728/year ($4,227/month), the benchmark 2-bedroom Fair Market Rent represents 22.6% of monthly income.
How is the 30% housing affordability standard calculated in Leake County, MS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $955/month, the required minimum annual gross income is calculated as ($955 × 12) ÷ 0.30 = $38,200 per year.