Rental Benchmark Overview
2-Bedroom Benchmark Rent
$986$11,832 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Pike County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Pike 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 | $837 | $10,044 | $33,480 | $16.10/hr |
| 1-Bedroom Apartment | $845 | $10,140 | $33,800 | $16.25/hr |
| 2-Bedroom ApartmentStandard Benchmark | $986 | $11,832 | $39,440 | $18.96/hr |
| 3-Bedroom Home | $1,182 | $14,184 | $47,280 | $22.73/hr |
| 4-Bedroom Home | $1,418 | $17,016 | $56,720 | $27.27/hr |
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Frequently Asked Questions About Rent in Pike County, MS
What is the Fair Market Rent for a 2-bedroom in Pike County, MS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Pike County, MS is $986 per month ($11,832 per year).
What hourly wage is needed to afford rent in Pike County, MS?
To comfortably afford a 2-bedroom apartment at $986/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $18.96 per hour ($39,440/year).
What are the HUD Fair Market Rents by bedroom count in Pike County, MS?
Official 2026 HUD rents in Pike County, MS are: Studio: $837/mo, 1-Bedroom: $845/mo, 2-Bedroom: $986/mo, 3-Bedroom: $1,182/mo, and 4-Bedroom: $1,418/mo.
How do HUD Fair Market Rents compare to local incomes in Pike County, MS?
At the local Census ACS median household income of $43,814/year ($3,651/month), the benchmark 2-bedroom Fair Market Rent represents 27% of monthly income.
How is the 30% housing affordability standard calculated in Pike County, MS?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $986/month, the required minimum annual gross income is calculated as ($986 × 12) ÷ 0.30 = $39,440 per year.