Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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Hickory Flat, MS fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hickory Flat, MS is $1,000 a month. That is down 2.0% from $1,020 in FY 2026. Hickory Flat is in the Benton County, MS HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $905. The median county two-bedroom FMR in Mississippi is $905, so Hickory Flat is 10% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hickory Flat, MS
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$860
$820
−4.7%
$738–$902
1BR
$900
$880
−2.2%
$792–$968
2BR
$1,020
$1,000
−2.0%
$900–$1,100
3BR
$1,330
$1,200
−9.8%
$1,080–$1,320
4BR
$1,600
$1,660
+3.8%
$1,494–$1,826
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hickory Flat, MS
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$820
$880
$1,000
$1,200
$1,660
FY 2026
$860
$900
$1,020
$1,330
$1,600
FY 2025
$950
$990
$1,090
$1,440
$1,460
FY 2024
$830
$850
$1,050
$1,270
$1,620
FY 2023area FMR
$643
$678
$766
$1,037
$1,041
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Hickory Flat, MS rents
How much will Section 8 pay for a two-bedroom in Hickory Flat, MS?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $905, which applies unless the housing authority uses Small Area FMRs, that basic range is $815 to $996 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. 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 Hickory Flat, MS in?
Hickory Flat, MS is in the Benton County, MS HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $905.
How much did fair market rent change in Hickory Flat, MS for FY 2027?
The two-bedroom FMR fell 2.0%, from $1,020 in FY 2026 to $1,000 in FY 2027. Since FY 2024 it has fallen 4.8%.
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