Madison County, MS

2024 Fair Market Rents

Tags: 2024 SAFMRS Jackson, MS HUD Metro FMR Area

Return to the state page to see where Mississippi ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Madison County are Madison, Canton, Ridgeland, and Flora. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Madison County use?

Madison County is determined by the HUD to use Small Area Fair Market Rents. 40th percentile FMRs still exist for this county but they are not used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Madison County compare?

Madison County ($1,159) has a 21% higher FMR for 2-Bedroom housing than the average of Mississippi ($958) and therefore a higher gross rent.

Madison County is rank 4th out of 82 counties. This means the FMRs, or in other words, the gross rent is higher than 78 other counties. Madison County is the 4th most expensive county in terms of FMRs.

Rent Tables Madison County, MS

Fair Market Rent (40th Percentile)

$996
studio
$997
1-Bedroom
$1,159
2-Bedroom
$1,401
3-Bedroom
$1,564
4-Bedroom

Median Rent (50th Percentile)

$1,072
studio
$1,073
1-Bedroom
$1,248
2-Bedroom
$1,509
3-Bedroom
$1,684
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
39045 $810 $850 $980 $1,220 $1,320
39046 $860 $860 $1,000 $1,210 $1,350
39071 $780 $780 $900 $1,090 $1,220
39110 $1,500 $1,500 $1,740 $2,100 $2,350
39130 $1,010 $1,010 $1,180 $1,430 $1,590
39157 $1,130 $1,140 $1,320 $1,600 $1,780
39158 $1,010 $1,010 $1,180 $1,430 $1,590
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
39045 $729 $765 $882 $1,098 $1,188
39046 $774 $774 $900 $1,089 $1,215
39071 $702 $702 $810 $981 $1,098
39110 $1,350 $1,350 $1,566 $1,890 $2,115
39130 $909 $909 $1,062 $1,287 $1,431
39157 $1,017 $1,026 $1,188 $1,440 $1,602
39158 $909 $909 $1,062 $1,287 $1,431
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
39045 $891 $935 $1,078 $1,342 $1,452
39046 $946 $946 $1,100 $1,331 $1,485
39071 $858 $858 $990 $1,199 $1,342
39110 $1,650 $1,650 $1,914 $2,310 $2,585
39130 $1,111 $1,111 $1,298 $1,573 $1,749
39157 $1,243 $1,254 $1,452 $1,760 $1,958
39158 $1,111 $1,111 $1,298 $1,573 $1,749

Fair Market Rents on this page apply to the following cities in Madison County, Mississippi: Madison, Canton, Ridgeland, Flora, Camden, and Sharon.

These Fair Market Rents also apply to the following ZIP codes in Madison County, Mississippi: 39110, 39046, 39157, 39071, 39130, 39158, 39045, and 39163.

Madison County, MS is considered part of the following metro FMR area: JACKSON, MS HUD METRO FMR AREA.

Other counties in the same metro FMR area are: Copiah County, MS, Hinds County, MS, and Rankin County, MS.

More on Madison County, MS

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.