Rent in Mississippi
The median 2-bedroom Fair Market Rent in Mississippi is $1,067/mo, ranking #46 out of 51 states for highest rent. This is $183 below the national median of $1,250/mo. Mississippi has a population of 3.0M. About 30.5% of households rent their homes. Fair Market Rent data covers 14 areas across the state.
Highlights
All 14 Areas in Mississippi
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Jackson Pop. 616K | $1,091 | $1,097 | $1,288 | $1,544 | 25.6% | +11.1% |
| Memphis Pop. 1.3M | $1,060 | $1,154 | $1,274 | $1,683 | 23.6% | -1.8% |
| Tunica County Pop. 9.6K | $986 | $1,073 | $1,186 | $1,422 | 37.1% | -0.4% |
| Gulfport-Biloxi Pop. 418K | $786 | $923 | $1,140 | $1,471 | 22.3% | -1% |
| Marshall County Pop. 34K | $840 | $846 | $1,110 | $1,331 | 25.7% | +6% |
| Tate County Pop. 28K | $825 | $830 | $1,089 | $1,337 | 20.4% | +7.5% |
| Pascagoula Pop. 418K | $929 | $951 | $1,067 | $1,448 | 20.9% | -0.9% |
| Hattiesburg Pop. 155K | $766 | $888 | $1,047 | $1,348 | 21.3% | -4.9% |
| Yazoo County Pop. 27K | $745 | $750 | $984 | $1,209 | 28.8% | +5.4% |
| Stone County Pop. 19K | $734 | $739 | $969 | $1,162 | 19.6% | +4.5% |
| Scott County Pop. 28K | $790 | $795 | $952 | $1,141 | 23.6% | - |
| Simpson County Pop. 26K | $592 | $762 | $858 | $1,193 | 19% | -5% |
| Benton County Pop. 7.6K | $727 | $768 | $842 | $1,157 | 24% | - |
| Holmes County Pop. 16K | $733 | $768 | $842 | $1,111 | 34.3% | -6.8% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Mississippi is $1,067 per month. Rents range from $842/mo in Holmes County to $1,288/mo in Jackson. The actual median gross rent statewide is $923/mo according to Census data.
Mississippi ranks #46 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,067/mo is $183 below the national median of $1,250/mo.
The average rent burden across Mississippi is 24.7%, meaning a typical household would spend 24.7% of income on a 2-bedroom at Fair Market Rent. 2 of 14 areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $54,915.
The most affordable area in Mississippi is Holmes County with a 2-bedroom Fair Market Rent of $842/mo. The median household income there is $29,434.
The most expensive area in Mississippi is Jackson with a 2-bedroom Fair Market Rent of $1,288/mo. The median household income there is $60,489.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.