County FMR · HUD FY2026
Smith County Fair Market Rent
HUD's FY2026 Fair Market Rent for Smith County, MS - 20% below the US average.
- $768
- 1-bedroom FMR
- $842
- 2-bedroom FMR
- -8.9%
- YoY change
- -20%
- vs US avg
The verdict
Smith is the 32nd cheapest of 82 counties in Mississippi by 2-bedroom FMR; rent here has fallen 8.9% since FY 2025, a modest shift relative to most counties.
- #32
- cheapest of 82 in Mississippi (2BR)
- -2%
- vs the state average
- $30,720
- income to afford it (30% rule)
- -8.9%
- YoY, FY2025→2026
General and Operations Managers spend the smallest share of income on rent here (10.4%), while Teaching Assistants, Except Postsecondary spend the most (42.3%).
FY 2026 HUD Fair Market Rent for Smith County, MS. Verify with HUD →
HUD sets the FY 2026 1-bedroom Fair Market Rent for Smith County, Mississippi at $768 per month - the federal rental-assistance benchmark for this county. A 2-bedroom costs $842/mo and a studio is $727/mo. This is 20% lower than the national average of $959 and 2% below the Mississippi average of $782.
Rent decreased8.9% from FY 2025 ($843), declining against the trend. To afford rent here, a household needs at least $30,720/year based on the 30% affordability rule.
FY 2026 HUD Fair Market Rents in Mississippi. Population: 14,310. Population declined 11.6% over the past five years (Census ACS), a trend that can ease rental-market pressure over time even as FMR reflects recent rent levels. That's slower than Mississippi's statewide growth of -1.2% over the same period.
What these rents mean for Smith County
The Smith County FMR area applies to all ZIP codes inside the county boundary, and Mississippi's housing authorities use it as the baseline for Section 8 Housing Choice Voucher payment standards. See how FMR is calculated for the full 40th-percentile methodology and payment-standard rules.
Smith County's 1-bedroom rent runs 20% below the US average of $959 and 2% lower than the Mississippi state average of $782. Over the past year, 1-bedroom rent here shifted from$843 in FY 2025 to $768 in FY 2026 - a change of -8.9%, which is unusual and suggests softening demand or revised HUD sampling.
At the FY 2026 1-bedroom FMR of $768, affording it under the 30%-of-income rule takes $30,720 per year (about $2,560/month) in household income, and a 2-bedroom at $842 pushes that threshold even higher. With a population of 14,310 and a county median household income of $51,396, the arithmetic here directly shapes which wage earners can rent without being cost-burdened.
Fair Market Rents (2026)
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $807 | $727 | $-80 (-9.9%) |
| 1 Bedroom | $843 | $768 | $-75 (-8.9%) |
| 2 Bedroom | $933 | $842 | $-91 (-9.8%) |
| 3 Bedroom | $1,124 | $1,012 | $-112 (-10.0%) |
| 4 Bedroom | $1,242 | $1,118 | $-124 (-10.0%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Rent Burden Analysis
How much of household income goes to rent in Smith County. The 30% threshold indicates cost burden.
How we calculate this
Rent burden = (FMR × 12) ÷ county median household income. Required income = (FMR × 12) ÷ 0.3, the federal 30%-of-gross-income rule HUD uses to define cost burden. Median household income is from the U.S. Census Bureau's American Community Survey; FMR is from HUD's FY2026 release. See methodology.
Smith County 2-bedroom rent burden
Where Smith sits among every US county
2-bedroom Fair Market Rent vs. all 3,145 HUD counties
$842 higher than 1% of 3,145 counties
Each bar is a $0.2K-wide band; taller bars hold more counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Department of Housing and Urban Development, Fair Market Rents · FY2026
How Smith compares on 1-bedroom rent
1-bedroom FMR vs other Mississippi counties
- DeSoto
DeSoto County
$1,154 1BR FMR / mo
- Hinds
Hinds County
$1,097 1BR FMR / mo
- Rankin
Rankin County
$1,097 1BR FMR / mo
- Madison
Madison County
$1,097 1BR FMR / mo
- Jackson
Jackson County
$951 1BR FMR / mo
- Harrison
Harrison County
$923 1BR FMR / mo
- Smith
Smith County
$768 1BR FMR / mo
What this shows Smith is highlighted. Nearby Mississippi counties by 1-bedroom FMR, highest to lowest: DeSoto County ($1,154), Hinds County ($1,097), Rankin County ($1,097), Madison County ($1,097), Jackson County ($951), Harrison County ($923), Smith County (this county) ($768).
Can Common Jobs Afford Rent Here?
How a 1-bedroom at $768/mo compares to Mississippi salaries for popular occupations (BLS wage data, 30%-of-income rule).
| Occupation | MS Salary | Rent Burden | Verdict |
|---|---|---|---|
| General & Operations Managers | $88,290 | 10.4% | Affordable |
| Software Developers | $86,460 | 10.7% | Affordable |
| Registered Nurses | $74,470 | 12.4% | Affordable |
| Accountants & Auditors | $64,170 | 14.4% | Affordable |
| Electricians | $57,300 | 16.1% | Affordable |
| Heavy & Tractor-Trailer Truck Drivers | $50,700 | 18.2% | Affordable |
| Elementary School Teachers | $48,440 | 19% | Affordable |
| Police & Sheriff's Patrol Officers | $45,610 | 20.2% | Affordable |
| Paralegals & Legal Assistants | $39,120 | 23.6% | Affordable |
| Pharmacy Technicians | $38,210 | 24.1% | Affordable |
| Customer Service Representatives | $35,580 | 25.9% | Affordable |
| Retail Salespersons | $27,810 | 33.1% | Stretched |
| Janitors & Cleaners | $27,610 | 33.4% | Stretched |
| Fast Food & Counter Workers | $22,280 | 41.4% | Stretched |
| Teaching Assistants | $21,790 | 42.3% | Stretched |
Rent Trends (2020–2026)
7-year Fair Market Rent history for Smith County. Shows how HUD rental rates have changed over time.
Over the 6-year span HUD has tracked for Smith (FY 2020-2026), the 1-bedroom Fair Market Rent has risen 53.9% overall, from $499 to $768. The path there hasn't been smooth: year-over-year moves have swung by as much as 25.7% (FY 2023), a volatility pattern that makes single-year comparisons a poor guide to the underlying trend.
| Year | Studio | 1 BR | 2 BR |
|---|---|---|---|
| FY 2026 ↓8.9% | $727 | $768 | $842 |
| FY 2025 ↑4.9% | $807 | $843 | $933 |
| FY 2024 ↑19.3% | $775 | $804 | $903 |
| FY 2023 ↑25.7% | $643 | $674 | $766 |
| FY 2022 ↑3.3% | $532 | $536 | $705 |
| FY 2021 ↑4.0% | $451 | $519 | $684 |
| FY 2020 | $428 | $499 | $657 |
Where Smith County Ranks in Mississippi
Smith County is not part of any federally-designated metropolitan or micropolitan statistical area -- an independent rental market not administratively tied to a larger urban core. By 2-bedroom FMR, it ranks #32 of 82 counties in Mississippi. Nearest by rank: Monroe County ($842), Montgomery County ($842), Neshoba County ($842), Newton County ($842), Noxubee County ($842), Prentiss County ($842), Quitman County ($842), Sharkey County ($842), Smith County (this county) ($842), Sunflower County ($842), Tallahatchie County ($842), Tippah County ($842), Tishomingo County ($842), Washington County ($842), Wayne County ($842), Webster County ($842), Wilkinson County ($842).
Nearby Counties in Mississippi
Largest counties by population in Mississippi
Frequently Asked Questions
What is the average rent in Smith County? ▼
How does Smith County rent compare to the national average? ▼
What income do I need to afford rent in Smith County? ▼
Is rent going up or down in Smith County? ▼
Which jobs can afford rent in Smith County? ▼
How much has rent changed in Smith County over time? ▼
How does Fair Market Rent affect Section 8 vouchers in Smith County? ▼
What does Fair Market Rent mean for Smith County? ▼
What this means for renters
Treat Smith's FY2026 Fair Market Rent as HUD's affordability benchmark, not a market quote.
- Budget to roughly 30% of income: the FY2026 1-bedroom FMR of $768 implies about $30,720/yr to rent without being cost-burdened. Run your numbers
- Compare this county against nearby metros and states before signing a lease. Compare areas
- See where it sits on the national rent map. View rankings
Fair Market Rent is HUD's 40th-percentile policy benchmark used to set Housing Choice Voucher payment standards. Actual asking rents in Smith can run higher or lower, and HUD updates FMRs once a year. This page is informational and not financial or relocation advice.
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Census Bureau and HUD Fair Market Rents. Consult a qualified professional before making decisions based on this data.
Every figure on PlainRent is rendered directly from HUD's published Fair Market Rent records, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of FY 2026.