FMR is below market; voucher rent may lag private rents.
0.82
1 BR
1 BR- 39218
0.88ratio
FMR$1,140
Market$1,300
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.88
2 BR
2 BR- 39218
0.86ratio
FMR$1,330
Market$1,540
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR- 39218
0.91ratio
FMR$1,580
Market$1,730
vs market-$150
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR- 39218
0.84ratio
FMR$1,750
Market$2,090
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.84
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
--
Richland, MS fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Richland, MS is $1,330 a month. That is down 0.7% from $1,340 in FY 2026. Richland is in the Jackson, 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 Richland is 47% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Richland, MS
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,130
$1,130
0.0%
$1,017–$1,243
1BR
$1,140
$1,140
0.0%
$1,026–$1,254
2BR
$1,340
$1,330
−0.7%
$1,197–$1,463
3BR
$1,610
$1,580
−1.9%
$1,422–$1,738
4BR
$1,770
$1,750
−1.1%
$1,575–$1,925
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Richland, MS
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,130
$1,140
$1,330
$1,580
$1,750
FY 2026
$1,130
$1,140
$1,340
$1,610
$1,770
FY 2025
$1,070
$1,080
$1,260
$1,520
$1,670
FY 2024
$1,040
$1,040
$1,210
$1,460
$1,630
FY 2023
$920
$930
$1,090
$1,330
$1,510
Questions about Richland, MS rents
How much will Section 8 pay for a two-bedroom in Richland, 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 Richland, MS in?
Richland, MS is in the Jackson, 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 Richland, MS for FY 2027?
The two-bedroom FMR fell 0.7%, from $1,340 in FY 2026 to $1,330 in FY 2027. Since FY 2023 it has risen 22.0%.
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