FMR is below market; voucher rent may lag private rents.
0.69
1 BR
1 BR- 38632
0.77ratio
FMR$1,220
Market$1,590
vs market-$370
FMR is below market; voucher rent may lag private rents.
0.77
2 BR
2 BR- 38632
0.83ratio
FMR$1,330
Market$1,610
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.83
3 BR
3 BR- 38632
0.96ratio
FMR$1,760
Market$1,830
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.96
4 BR
4 BR- 38632
0.96ratio
FMR$2,020
Market$2,100
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Hernando, MS fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hernando, MS is $1,330 a month. That is up 3.1% from $1,290 in FY 2026. Hernando is in the Tate County, MS HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Mississippi is $905, so Hernando is 47% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hernando, MS
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,070
$1,120
+4.7%
$1,008–$1,232
1BR
$1,170
$1,220
+4.3%
$1,098–$1,342
2BR
$1,290
$1,330
+3.1%
$1,197–$1,463
3BR
$1,700
$1,760
+3.5%
$1,584–$1,936
4BR
$1,980
$2,020
+2.0%
$1,818–$2,222
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hernando, MS
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,120
$1,220
$1,330
$1,760
$2,020
FY 2026
$1,070
$1,170
$1,290
$1,700
$1,980
FY 2025
$1,130
$1,240
$1,390
$1,830
$2,140
FY 2024
$1,100
$1,230
$1,390
$1,830
$2,140
FY 2023
$860
$970
$1,110
$1,470
$1,700
Questions about Hernando, MS rents
How much will Section 8 pay for a two-bedroom in Hernando, MS?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,330, that basic range is $1,197 to $1,463 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Hernando, MS in?
Hernando, MS is in the Tate County, MS HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Hernando, MS for FY 2027?
The two-bedroom FMR rose 3.1%, from $1,290 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 19.8%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set