Covington County
FY 2026 HUD Fair Market Rents in Mississippi. Population: 18,323.
Fair Market Rents (2026)
Studio
National avg: $893
$708/mo
↑ 7.9% YoY
-21% vs US
1 Bedroom
National avg: $959
$713/mo
↓ 8.9% YoY
-26% vs US
2 Bedroom
National avg: $1,175
$842/mo
↓ 9.8% YoY
-28% vs US
3 Bedroom
National avg: $1,525
$1,111/mo
↓ 9.8% YoY
-27% vs US
4 Bedroom
National avg: $1,756
$1,115/mo
↓ 9.9% YoY
-37% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $656 | $708 | +$52 (+7.9%) |
| 1 Bedroom | $783 | $713 | $-70 (-8.9%) |
| 2 Bedroom | $933 | $842 | $-91 (-9.8%) |
| 3 Bedroom | $1,232 | $1,111 | $-121 (-9.8%) |
| 4 Bedroom | $1,237 | $1,115 | $-122 (-9.9%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$28,520
$2,377/month gross
Required annual income for 2 BR
$33,680
$2,807/month gross
Other Counties in Mississippi
Bolivar County
1 BR: $642/mo
Forrest County
1 BR: $888/mo
Warren County
1 BR: $805/mo
Oktibbeha County
1 BR: $873/mo
Benton County
1 BR: $768/mo
Neshoba County
1 BR: $768/mo
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.