Final FY 2009 Fair Market Rent Documentation System

The Final FY 2009 Pearl River County FMRs for All Bedroom Sizes

The following table shows the Final FY 2009 FMRs by unit bedrooms.

Final FY 2009 FMRs By Unit Bedrooms
	Efficiency	One-Bedroom	Two-Bedroom	Three-Bedroom	Four-Bedroom
Final FY 2009 FMR	$539	$540	$647	$790	$1,113

The remainder of this page provides complete documentation of the development of the Final FY 2009 Fair Market Rents (FMRs) for Pearl River County, Mississippi. This page provides a summary of how the Final FY 2009 FMRs were developed and updated starting with the formation of the FY 2009 FMR Areas from the metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget and incorporating newly available 2006 American Community Survey (ACS) Data. FY 2009 FMRs include information from local Random Digit Dialing (RDD) surveys conducted during the first quarter of 2008. Aspects of the derivation of Final FY 2009 rents exlusive to FY 2009 are made explicit in the following text. Aspects unchanged from FY 2008 can be reviewed by clicking on the associated link.

Pearl River County FMR Area Derivation (RECAP)

Pearl River County, MS is a non-metropolitan county under the new metropolitan area definitions used for the Final FY 2009 FMRs.

Final FY 2009 FMRs

HUD's Final FMRs initially made effective on October 1, 2008 did not include the results of a Random Digit Dialing (RDD) survey conducted in Pearl River County, MS to determine if adjustments to FMRs are necessary due to the impacts of Hurricane Katrina and Rita. These results have been published in the Federal Register on April 6, 2009 (available HERE) and made effective at the time of publication.

Final FY 2009 2-Bedroom FMR

Pearl River County, MS had a Random Digit Dialing survey completed in October, 2008. Since this data was finalized after the publication of Final FY2009 FMRs on September 29, 2008, the RDD Results are evaluated against the FY2009 Final FMRs. The evaluation of the survey result is shown in the following table:

2009 RDD Evaluation for Pearl River County, MS
FY 2009 FMR	April 2009 Trended RDD Result	2009 RDD Error	Decision
$527	$647	±$31	Is ABS($527-$647)>$31 Is $120>$31 YES RDD Result Used

The Final FY 2009 Rents for All Bedroom Sizes

The following table shows the Final FY 2009 FMRs by unit bedrooms. The FMRs for units with different numbers of bedrooms are computed from the ratio of the 2005 Revised Final FMRs (based on 2000 Decennial Census Data) for the different unit sizes to the 2005 2-Bedroom Revised Final FMRs. These Rent Ratios are applied to the Final FY 2009 2-Bedroom FMR to determine the Final FY 2009 FMRs for the different size units.

Click on the links in the table to see how the bedroom rents were derived.

Final FY 2009 FMRs By Unit Bedrooms
	Efficiency	One-Bedroom	Two-Bedroom	Three-Bedroom	Four-Bedroom
Final FY 2009 FMR	$539	$540	$647	$790	$1,113

The FMRs for unit sizes larger than four bedrooms are calculated by adding 15 percent to the four bedroom FMR, for each extra bedroom. For example, the FMR for a five bedroom unit is 1.15 times the four bedroom FMR, and the FMR for a six bedroom unit is 1.30 times the four bedroom FMR. FMRs for single-room occupancy units are 0.75 times the zero bedroom (efficiency) FMR.

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