FMR is below market; voucher rent may lag private rents.
0.75
1 BR
1 BR- 38654
0.96ratio
FMR$1,640
Market$1,710
vs market-$70
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 38654
1.19ratio
FMR$1,790
Market$1,510
vs market+$280
FMR is above market; underwrite to market rent.
1.19
3 BR
3 BR- 38654
1.31ratio
FMR$2,360
Market$1,800
vs market+$560
FMR is above market; underwrite to market rent.
1.31
4 BR
4 BR- 38654
1.18ratio
FMR$2,730
Market$2,320
vs market+$410
FMR is above market; underwrite to market rent.
1.18
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
--
Olive Branch, MS fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Olive Branch, MS is $1,790 a month. That is up 5.9% from $1,690 in FY 2026. Olive Branch is in the Memphis, TN-MS-AR 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 Olive Branch is 98% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Olive Branch, MS
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,410
$1,510
+7.1%
$1,359–$1,661
1BR
$1,530
$1,640
+7.2%
$1,476–$1,804
2BR
$1,690
$1,790
+5.9%
$1,611–$1,969
3BR
$2,230
$2,360
+5.8%
$2,124–$2,596
4BR
$2,600
$2,730
+5.0%
$2,457–$3,003
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Olive Branch, MS
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,510
$1,640
$1,790
$2,360
$2,730
FY 2026
$1,410
$1,530
$1,690
$2,230
$2,600
FY 2025
$1,430
$1,560
$1,750
$2,300
$2,690
FY 2024
$1,290
$1,430
$1,620
$2,140
$2,490
FY 2023
$980
$1,110
$1,270
$1,680
$1,950
Questions about Olive Branch, MS rents
How much will Section 8 pay for a two-bedroom in Olive Branch, MS?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,790, that basic range is $1,611 to $1,969 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 Olive Branch, MS in?
Olive Branch, MS is in the Memphis, TN-MS-AR 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 Olive Branch, MS for FY 2027?
The two-bedroom FMR rose 5.9%, from $1,690 in FY 2026 to $1,790 in FY 2027. Since FY 2023 it has risen 40.9%.
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 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