Rental Benchmark Overview
2-Bedroom Benchmark Rent
$842$10,104 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Neshoba County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Neshoba 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 | $727 | $8,724 | $29,080 | $13.98/hr |
| 1-Bedroom Apartment | $768 | $9,216 | $30,720 | $14.77/hr |
| 2-Bedroom ApartmentStandard Benchmark | $842 | $10,104 | $33,680 | $16.19/hr |
| 3-Bedroom Home | $1,147 | $13,764 | $45,880 | $22.06/hr |
| 4-Bedroom Home | $1,354 | $16,248 | $54,160 | $26.04/hr |
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Frequently Asked Questions About Rent in Neshoba County, MS
What is the Fair Market Rent for a 2-bedroom in Neshoba County, MS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Neshoba County, MS is $842 per month ($10,104 per year).
What hourly wage is needed to afford rent in Neshoba County, MS?
To comfortably afford a 2-bedroom apartment at $842/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $16.19 per hour ($33,680/year).
What are the HUD Fair Market Rents by bedroom count in Neshoba County, MS?
Official 2026 HUD rents in Neshoba County, MS are: Studio: $727/mo, 1-Bedroom: $768/mo, 2-Bedroom: $842/mo, 3-Bedroom: $1,147/mo, and 4-Bedroom: $1,354/mo.
How do HUD Fair Market Rents compare to local incomes in Neshoba County, MS?
At the local Census ACS median household income of $57,013/year ($4,751/month), the benchmark 2-bedroom Fair Market Rent represents 17.7% of monthly income.
How is the 30% housing affordability standard calculated in Neshoba County, MS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $842/month, the required minimum annual gross income is calculated as ($842 × 12) ÷ 0.30 = $33,680 per year.