FAIR MARKET RENTS AND HOUSING AFFORDABILITY, FY 1998, BY METROPOLITAN AREAS
1998 FAIR MARKET RENTS BY NUMBER OF BEDROOMS
1990
RENTER
HOUSE-
METRO AREA State HOLDS Zero One Two Three Four
Mississippi 101,093 $ 339 $ 395 $ 471 $ 639 $ 712
MS
Biloxi-Gulfport-Pascagoula, MS 36,197 $ 348 $ 409 $ 470 $ 655 $ 773
Hattiesburg, MSMS 12,517 $ 257 $ 316 $ 386 $ 519 $ 619
Jackson, MS MS 48,037 $ 354 $ 404 $ 494 $ 657 $ 693
1998 Area
Renter House- Median
holds, 1990 Income (HUD) Income Needed t
1998 Estimated Amount
Renter Median
State County Metro Area Income One bedroom Two bedroom
MS DeSoto County Memphis, TN-AR-MS 4,342 $ 45,000 $ 26,800 $ 15,800 $ 18,600
MS Forrest County Hattiesburg, MS 9,826 $ 32,800 $ 23,200 $ 12,640 $ 15,440
MS Hancock County Biloxi-Gulfport-Pa 2,478 $ 35,800 $ 25,300 $ 16,360 $ 18,800
MS Harrison County Biloxi-Gulfport-Pa 23,003 $ 35,800 $ 26,200 $ 16,360 $ 18,800
MS Hinds County Jackson, MS 34,971 $ 43,300 $ 28,800 $ 16,160 $ 19,760
MS Jackson County Biloxi-Gulfport-Pa 10,716 $ 35,800 $ 22,300 $ 16,360 $ 18,800
MS Lamar County Hattiesburg, MS 2,691 $ 32,800 $ 21,500 $ 12,640 $ 15,440
MS Madison County Jackson, MS 6,905 $ 43,300 $ 35,200 $ 16,160 $ 19,760
MS Rankin County Jackson, MS 6,161 $ 43,300 $ 28,100 $ 16,160 $ 19,760
Income Needed to Afford FMR
Estimated % of Renter Estimated % Renters
Amount Percent of AMI median unable to afford FMR
1998
Estimated
1998 Area Renter
Median Median One Bed- Two Bed- Two Bed- One Bed- Two Bed- One Bed-
Income (HUD) Income room room One Bed- room room room room room
$ 39,388 $ 27,004 $ 15,780 $ 18,832 40% 48% 58% 70% 31%
$ 35,800 $ 24,984 $ 16,360 $ 18,800 46% 53% 65% 75% 35%
$ 32,800 $ 22,835 $ 12,640 $ 15,440 39% 47% 55% 68% 30%
$ 43,300 $ 29,630 $ 16,160 $ 19,760 37% 46% 55% 67% 28%
Income Needed to Afford FMR % Renters unable to afford
Percent of AMI % of Renter median FMR
Two Two
One bedroom bedroom One bedroom Two bedroom One bedroom bedroom County
35% 41% 59% 69% 31% 37% DeSoto County
39% 47% 54% 67% 28% 35% Forrest County
46% 53% 65% 74% 34% 39% Hancock County
46% 53% 62% 72% 33% 38% Harrison County
37% 46% 56% 69% 30% 37% Hinds County
46% 53% 73% 84% 39% 43% Jackson County
39% 47% 59% 72% 31% 38% Lamar County
37% 46% 46% 56% 25% 30% Madison County
37% 46% 58% 70% 31% 37% Rankin County
Work Hours/week
Estimated % Renters Hourly Wage Needed to Percent of Federal Necessary at Minimum
unable to afford FMR Afford Minimum Wage (@$5.15) Wage
Two Bed- One Bed- Two Bed- One Bed- Two Bed- One Bed- Two Bed-
room room room room room room room METRO AREA
37% $ 7.59 $ 9.05 147% 176% 59 70 Mississippi
39% $ 7.87 $ 9.04 153% 176% 61 70 Biloxi-Gulfport-Pascagoula, MS
35% $ 6.08 $ 7.42 118% 144% 47 58 Hattiesburg, MS
35% $ 7.77 $ 9.50 151% 184% 60 74 Jackson, MS
ort-Pascagoula, MS