Rankin 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 Rankin County are Brandon, Florence, Morton, and Mendenhall. 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 Rankin County use?

Rankin 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 Rankin County compare?

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

Rankin 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. Rankin County is the 4th most expensive county in terms of FMRs.

Rent Tables Rankin 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
39042 $1,030 $1,030 $1,200 $1,450 $1,620
39043 $1,110 $1,110 $1,290 $1,560 $1,740
39044 $850 $910 $1,050 $1,330 $1,540
39047 $1,480 $1,480 $1,720 $2,080 $2,320
39073 $880 $900 $1,040 $1,270 $1,430
39114 $640 $810 $930 $1,270 $1,560
39117 $820 $820 $950 $1,150 $1,280
39145 $820 $830 $960 $1,160 $1,300
39148 $1,110 $1,110 $1,290 $1,560 $1,740
39167 $1,110 $1,110 $1,290 $1,560 $1,740
39193 $1,010 $1,010 $1,170 $1,410 $1,580
39288 $1,110 $1,110 $1,290 $1,560 $1,740
39298 $1,110 $1,110 $1,290 $1,560 $1,740
39044 $850 $910 $1,050 $1,330 $1,540
39073 $880 $900 $1,040 $1,270 $1,430
39114 $640 $810 $930 $1,270 $1,560
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
39042 $927 $927 $1,080 $1,305 $1,458
39043 $999 $999 $1,161 $1,404 $1,566
39044 $765 $819 $945 $1,197 $1,386
39047 $1,332 $1,332 $1,548 $1,872 $2,088
39073 $792 $810 $936 $1,143 $1,287
39114 $576 $729 $837 $1,143 $1,404
39117 $738 $738 $855 $1,035 $1,152
39145 $738 $747 $864 $1,044 $1,170
39148 $999 $999 $1,161 $1,404 $1,566
39167 $999 $999 $1,161 $1,404 $1,566
39193 $909 $909 $1,053 $1,269 $1,422
39288 $999 $999 $1,161 $1,404 $1,566
39298 $999 $999 $1,161 $1,404 $1,566
39044 $765 $819 $945 $1,197 $1,386
39073 $792 $810 $936 $1,143 $1,287
39114 $576 $729 $837 $1,143 $1,404
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
39042 $1,133 $1,133 $1,320 $1,595 $1,782
39043 $1,221 $1,221 $1,419 $1,716 $1,914
39044 $935 $1,001 $1,155 $1,463 $1,694
39047 $1,628 $1,628 $1,892 $2,288 $2,552
39073 $968 $990 $1,144 $1,397 $1,573
39114 $704 $891 $1,023 $1,397 $1,716
39117 $902 $902 $1,045 $1,265 $1,408
39145 $902 $913 $1,056 $1,276 $1,430
39148 $1,221 $1,221 $1,419 $1,716 $1,914
39167 $1,221 $1,221 $1,419 $1,716 $1,914
39193 $1,111 $1,111 $1,287 $1,551 $1,738
39288 $1,221 $1,221 $1,419 $1,716 $1,914
39298 $1,221 $1,221 $1,419 $1,716 $1,914
39044 $935 $1,001 $1,155 $1,463 $1,694
39073 $968 $990 $1,144 $1,397 $1,573
39114 $704 $891 $1,023 $1,397 $1,716

Fair Market Rents on this page apply to the following cities in Rankin County, Mississippi: Brandon, Florence, Morton, Mendenhall, Pelahatchie, Braxton, Pearl, Piney Woods, Puckett, Sandhill, Star, Whitfield, and Jackson.

These Fair Market Rents also apply to the following ZIP codes in Rankin County, Mississippi: 39047, 39042, 39073, 39117, 39114, 39145, 39044, 39043, 39288, 39148, 39151, 39161, 39167, 39193, and 39298.

Rankin 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 Madison County, MS.

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