Rental Benchmark Overview
2-Bedroom Benchmark Rent
$878$10,536 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Panola County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Panola 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 | $605 | $7,260 | $24,200 | $11.63/hr |
| 1-Bedroom Apartment | $743 | $8,916 | $29,720 | $14.29/hr |
| 2-Bedroom ApartmentStandard Benchmark | $878 | $10,536 | $35,120 | $16.88/hr |
| 3-Bedroom Home | $1,121 | $13,452 | $44,840 | $21.56/hr |
| 4-Bedroom Home | $1,455 | $17,460 | $58,200 | $27.98/hr |
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Frequently Asked Questions About Rent in Panola County, MS
What is the Fair Market Rent for a 2-bedroom in Panola County, MS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Panola County, MS is $878 per month ($10,536 per year).
What hourly wage is needed to afford rent in Panola County, MS?
To comfortably afford a 2-bedroom apartment at $878/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $16.88 per hour ($35,120/year).
What are the HUD Fair Market Rents by bedroom count in Panola County, MS?
Official 2026 HUD rents in Panola County, MS are: Studio: $605/mo, 1-Bedroom: $743/mo, 2-Bedroom: $878/mo, 3-Bedroom: $1,121/mo, and 4-Bedroom: $1,455/mo.
How do HUD Fair Market Rents compare to local incomes in Panola County, MS?
At the local Census ACS median household income of $45,945/year ($3,829/month), the benchmark 2-bedroom Fair Market Rent represents 22.9% of monthly income.
How is the 30% housing affordability standard calculated in Panola County, MS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $878/month, the required minimum annual gross income is calculated as ($878 × 12) ÷ 0.30 = $35,120 per year.