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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Hillsboro, MS fair market rent, FY 2027
For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Hillsboro, MS is $1,026 a month. That is up 7.8% from $952 in FY 2026. Hillsboro is in the Scott County, MS HUD Metro FMR Area. The median county two-bedroom FMR in Mississippi is $905, so Hillsboro is 13% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hillsboro, MS
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$790
$844
+6.8%
$760–$928
1BR
$795
$849
+6.8%
$764–$934
2BR
$952
$1,026
+7.8%
$923–$1,129
3BR
$1,141
$1,222
+7.1%
$1,100–$1,344
4BR
$1,260
$1,348
+7.0%
$1,213–$1,483
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hillsboro, MS
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$844
$849
$1,026
$1,222
$1,348
FY 2026
$790
$795
$952
$1,141
$1,260
FY 2025
$780
$784
$936
$1,128
$1,259
FY 2024
$758
$762
$903
$1,115
$1,322
FY 2023
$643
$656
$766
$966
$1,247
Questions about Hillsboro, MS rents
How much will Section 8 pay for a two-bedroom in Hillsboro, MS?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,026, that basic range is $923 to $1,129 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 Hillsboro, MS in?
Hillsboro, MS is in the Scott County, MS HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.
How much did fair market rent change in Hillsboro, MS for FY 2027?
The two-bedroom FMR rose 7.8%, from $952 in FY 2026 to $1,026 in FY 2027. Since FY 2023 it has risen 33.9%.
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 Fair Market Rents. 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