Rental Benchmark Overview
2-Bedroom Benchmark Rent
$842$10,104 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Sharkey County, MS
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Sharkey 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 | $708 | $8,496 | $28,320 | $13.62/hr |
| 1-Bedroom Apartment | $713 | $8,556 | $28,520 | $13.71/hr |
| 2-Bedroom ApartmentStandard Benchmark | $842 | $10,104 | $33,680 | $16.19/hr |
| 3-Bedroom Home | $1,115 | $13,380 | $44,600 | $21.44/hr |
| 4-Bedroom Home | $1,118 | $13,416 | $44,720 | $21.50/hr |
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Frequently Asked Questions About Rent in Sharkey County, MS
What is the Fair Market Rent for a 2-bedroom in Sharkey County, MS?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Sharkey County, MS is $842 per month ($10,104 per year).
What hourly wage is needed to afford rent in Sharkey 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 Sharkey County, MS?
Official 2026 HUD rents in Sharkey County, MS are: Studio: $708/mo, 1-Bedroom: $713/mo, 2-Bedroom: $842/mo, 3-Bedroom: $1,115/mo, and 4-Bedroom: $1,118/mo.
How do HUD Fair Market Rents compare to local incomes in Sharkey County, MS?
At the local Census ACS median household income of $40,000/year ($3,333/month), the benchmark 2-bedroom Fair Market Rent represents 25.3% of monthly income.
How is the 30% housing affordability standard calculated in Sharkey 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.