HUD publishes Fair Market Rent for 781 ZIP codes across 72 HUD FMR areas in TN. Two-bedroom FMR ranges from $1,000 to $2,700.
| Bedrooms | Average FY2027 FMR |
|---|---|
| Studio | $1,010 |
| 1 bedroom | $1,063 |
| 2 bedroom | $1,258 |
| 3 bedroom | $1,611 |
| 4 bedroom | $1,842 |
Across the 781 TN ZIP codes present in both years, the average two-bedroom Fair Market Rent increased from $1,227 to $1,258, a change of +$31 (+2.5%). Payment standards follow FMR, so an increase generally raises the ceiling a voucher can cover in TN.
TN is divided into 72 HUD FMR areas. Each sets its own rent standard, so the ceiling a voucher can cover changes depending on which area a unit sits in.
| FMR Area | ZIP Codes | Avg 2BR | 2BR Range |
|---|---|---|---|
| Nashville-Davidson--Murfreesboro--Franklin | 95 | $1,765 | $1,190 - $2,700 |
| Bedford County | 2 | $1,610 | $1,490 - $1,730 |
| Knoxville | 53 | $1,471 | $1,030 - $2,210 |
| Marshall County | 11 | $1,426 | $1,080 - $2,120 |
| Maury County | 5 | $1,404 | $1,220 - $1,490 |
| Coffee County | 6 | $1,350 | $1,030 - $2,270 |
| Jackson | 7 | $1,349 | $1,140 - $1,480 |
| Chattanooga | 44 | $1,343 | $1,000 - $1,820 |
| Memphis | 88 | $1,318 | $1,000 - $1,950 |
| Clarksville | 13 | $1,298 | $1,220 - $1,570 |
| Franklin County | 7 | $1,274 | $1,000 - $1,570 |
| Smith County | 8 | $1,234 | $1,000 - $1,700 |
| Sevier County | 13 | $1,224 | $1,050 - $1,540 |
| Humphreys County | 5 | $1,220 | $1,060 - $1,570 |
| Lewis County | 3 | $1,220 | $1,220 - $1,220 |
| Macon County | 4 | $1,213 | $1,020 - $1,450 |
| Cleveland | 15 | $1,185 | $1,110 - $1,380 |
| Stewart County | 4 | $1,178 | $1,010 - $1,390 |
| Johnson City | 15 | $1,176 | $1,020 - $1,370 |
| Rhea County | 6 | $1,170 | $1,010 - $1,580 |
| Lawrence County | 6 | $1,163 | $1,000 - $1,370 |
| Roane County | 5 | $1,158 | $1,030 - $1,400 |
| DeKalb County | 6 | $1,147 | $1,020 - $1,270 |
| Monroe County | 9 | $1,139 | $1,000 - $1,370 |
| Morristown | 9 | $1,136 | $1,030 - $1,290 |
| Haywood County | 8 | $1,129 | $1,000 - $1,310 |
| Hardin County | 4 | $1,128 | $1,000 - $1,220 |
| Houston County | 5 | $1,126 | $1,010 - $1,220 |
| Hickman County | 5 | $1,124 | $1,000 - $1,310 |
| Giles County | 3 | $1,117 | $1,000 - $1,220 |
| Warren County | 6 | $1,113 | $1,010 - $1,190 |
| Kingsport-Bristol | 33 | $1,110 | $1,000 - $1,390 |
| Cumberland County | 8 | $1,109 | $1,000 - $1,560 |
| White County | 6 | $1,105 | $1,000 - $1,250 |
| Carroll County | 12 | $1,098 | $1,000 - $1,500 |
| McNairy County | 15 | $1,097 | $1,000 - $1,260 |
| Perry County | 2 | $1,095 | $1,060 - $1,130 |
| Bledsoe County | 2 | $1,090 | $1,000 - $1,180 |
| Grundy County | 11 | $1,089 | $1,000 - $1,280 |
| Crockett County | 6 | $1,082 | $1,040 - $1,140 |
| Hardeman County | 8 | $1,081 | $1,000 - $1,270 |
| Lincoln County | 8 | $1,081 | $1,000 - $1,220 |
| Moore County | 10 | $1,080 | $1,000 - $1,190 |
| Gibson County | 7 | $1,074 | $1,000 - $1,400 |
| Henderson County | 15 | $1,072 | $1,000 - $1,200 |
| Morgan County | 6 | $1,070 | $1,000 - $1,290 |
| Putnam County | 10 | $1,061 | $1,000 - $1,120 |
| Scott County | 9 | $1,061 | $1,000 - $1,210 |
| McMinn County | 6 | $1,060 | $1,000 - $1,110 |
| Grainger County | 8 | $1,060 | $1,000 - $1,160 |
| Meigs County | 5 | $1,058 | $1,000 - $1,210 |
| Fentress County | 2 | $1,055 | $1,000 - $1,110 |
| Van Buren County | 2 | $1,045 | $1,000 - $1,090 |
| Overton County | 9 | $1,042 | $1,000 - $1,260 |
| Jackson County | 5 | $1,038 | $1,000 - $1,190 |
| Wayne County | 11 | $1,036 | $1,000 - $1,090 |
| Greene County | 12 | $1,035 | $1,000 - $1,130 |
| Johnson County | 5 | $1,030 | $1,020 - $1,040 |
| Cocke County | 5 | $1,026 | $1,000 - $1,050 |
| Campbell County | 7 | $1,023 | $1,000 - $1,140 |
| Henry County | 5 | $1,020 | $1,000 - $1,090 |
| Obion County | 9 | $1,020 | $1,000 - $1,170 |
| Decatur County | 2 | $1,020 | $1,010 - $1,030 |
| Claiborne County | 8 | $1,018 | $1,000 - $1,140 |
| Weakley County | 14 | $1,015 | $1,000 - $1,080 |
| Benton County | 2 | $1,015 | $1,000 - $1,030 |
| Hancock County | 6 | $1,013 | $1,000 - $1,070 |
| Dyer County | 8 | $1,008 | $1,000 - $1,060 |
| Pickett County | 6 | $1,007 | $1,000 - $1,030 |
| Clay County | 1 | $1,000 | $1,000 - $1,000 |
| Lauderdale County | 4 | $1,000 | $1,000 - $1,000 |
| Lake County | 1 | $1,000 | $1,000 - $1,000 |
| ZIP | FMR Area | 2BR FMR |
|---|---|---|
| 37135 | Nashville-Davidson--Murfreesboro--Franklin | $2,700 |
| 37219 | Nashville-Davidson--Murfreesboro--Franklin | $2,560 |
| 37069 | Nashville-Davidson--Murfreesboro--Franklin | $2,560 |
| 37027 | Nashville-Davidson--Murfreesboro--Franklin | $2,500 |
| 37179 | Nashville-Davidson--Murfreesboro--Franklin | $2,440 |
| 37201 | Nashville-Davidson--Murfreesboro--Franklin | $2,340 |
| 37014 | Nashville-Davidson--Murfreesboro--Franklin | $2,320 |
| 37065 | Nashville-Davidson--Murfreesboro--Franklin | $2,300 |
| 37068 | Nashville-Davidson--Murfreesboro--Franklin | $2,300 |
| 37204 | Nashville-Davidson--Murfreesboro--Franklin | $2,300 |
| 37122 | Nashville-Davidson--Murfreesboro--Franklin | $2,280 |
| 37037 | Coffee County | $2,270 |
| 37067 | Nashville-Davidson--Murfreesboro--Franklin | $2,270 |
| 37205 | Nashville-Davidson--Murfreesboro--Franklin | $2,260 |
| 37215 | Nashville-Davidson--Murfreesboro--Franklin | $2,240 |
| 37064 | Nashville-Davidson--Murfreesboro--Franklin | $2,230 |
| 37220 | Nashville-Davidson--Murfreesboro--Franklin | $2,230 |
| 37934 | Knoxville | $2,210 |
| 37203 | Nashville-Davidson--Murfreesboro--Franklin | $2,140 |
| 37221 | Nashville-Davidson--Murfreesboro--Franklin | $2,130 |
| 37174 | Marshall County | $2,120 |
| 37922 | Knoxville | $2,090 |
| 37086 | Nashville-Davidson--Murfreesboro--Franklin | $2,080 |
| 37214 | Nashville-Davidson--Murfreesboro--Franklin | $2,050 |
| 37209 | Nashville-Davidson--Murfreesboro--Franklin | $2,030 |
| ZIP | FMR Area | 2BR FMR |
|---|---|---|
| 38015 | Memphis | $1,000 |
| 38057 | Memphis | $1,000 |
| 37733 | Morgan County | $1,000 |
| 37887 | Morgan County | $1,000 |
| 37762 | Campbell County | $1,000 |
| 38046 | Memphis | $1,000 |
| 37757 | Campbell County | $1,000 |
| 37708 | Grainger County | $1,000 |
| 37861 | Grainger County | $1,000 |
| 37873 | Kingsport-Bristol | $1,000 |
| 37811 | Grainger County | $1,000 |
| 38330 | Gibson County | $1,000 |
| 37769 | Campbell County | $1,000 |
| 37819 | Campbell County | $1,000 |
| 30725 | Chattanooga | $1,000 |
| 24245 | Kingsport-Bristol | $1,000 |
| 38369 | Gibson County | $1,000 |
| 37665 | Kingsport-Bristol | $1,000 |
| 30728 | Chattanooga | $1,000 |
| 38316 | Gibson County | $1,000 |
| 38382 | Gibson County | $1,000 |
| 24251 | Kingsport-Bristol | $1,000 |
| 37098 | Hickman County | $1,000 |
| 37137 | Hickman County | $1,000 |
| 38066 | Memphis | $1,000 |
Fair Market Rent is not what a family pays and not what the voucher pays. The housing authority sets a payment standard from it, normally 90% to 110% of FMR. How voucher amounts are calculated.
Source: US Department of Housing and Urban Development, FY2027 Fair Market Rents.
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