TN/Shelby County/GERMANTOWN
GERMANTOWN, TN
CitySAFMR
Shelby County
Found 3 ZIPs
Zillow
BRFMR
Eff. Rent
0 BR$1,070 – $1,590▼$870 – $1,750
1 BR$1,160 – $1,730▼$870 – $1,700
2 BR$1,280 – $1,910▼$920 – $1,930
3 BR$1,690 – $2,520▼$1,260 – $2,010
4 BR$1,970 – $2,940▼$1,420 – $2,270
5 BR$3,266▼—
6 BR$3,756▼—
7 BR$4,319▼—
8 BR$4,967▼—

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

FMR / market rent by bedroom.

Studio
Studio- 2 ZIPs
0.55-0.59ratio range
Median FMR$1,565
Median Market$2,730
vs market-$1,165

FMR is below market; voucher rent may lag private rents.

2
Studio- 1 ZIP
1.23ratio
FMR$1,070
Market$870
vs market+$200

FMR is above market; underwrite to market rent.

1
0.55-1.23
1 BR
1 BR- 1 ZIP
0.98ratio
FMR$1,680
Market$1,710
vs market-$30

FMR is near market; voucher and private rents are aligned.

1
1 BR- 1 ZIP
1.09ratio
FMR$1,730
Market$1,590
vs market+$140

FMR is near market; voucher and private rents are aligned.

1
1 BR- 1 ZIP
1.33ratio
FMR$1,160
Market$870
vs market+$290

FMR is above market; underwrite to market rent.

1
0.98-1.33
2 BR
2 BR- 2 ZIPs
0.98-1.02ratio range
Median FMR$1,880
Median Market$1,880
vs market+$0

FMR is near market; voucher and private rents are aligned.

2
2 BR- 1 ZIP
1.39ratio
FMR$1,280
Market$920
vs market+$360

FMR is above market; underwrite to market rent.

1
0.98-1.39
3 BR
3 BR- 1 ZIP
1.21ratio
FMR$2,440
Market$2,010
vs market+$430

FMR is above market; underwrite to market rent.

1
3 BR- 1 ZIP
1.26ratio
FMR$2,520
Market$2,000
vs market+$520

FMR is above market; underwrite to market rent.

1
3 BR- 1 ZIP
1.34ratio
FMR$1,690
Market$1,260
vs market+$430

FMR is above market; underwrite to market rent.

1
1.21-1.34
4 BR
4 BR- 2 ZIPs
1.27-1.30ratio range
Median FMR$2,890
Median Market$2,255
vs market+$635

FMR is above market; underwrite to market rent.

2
4 BR- 1 ZIP
1.39ratio
FMR$1,970
Market$1,420
vs market+$550

FMR is above market; underwrite to market rent.

1
1.27-1.39
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for GERMANTOWN, TN (TN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

What is FMR?What is SAFMR?Data sourcesIncomplete geosView county page
Related ZIPs
381383813938183

GERMANTOWN, TN fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for GERMANTOWN, TN shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,850 and the 4 bedroom fair market rent is $2,840.

Use this page for searches like GERMANTOWN, TN FMR, GERMANTOWN, TN fair market rent, and GERMANTOWN, TN Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for GERMANTOWN, TN
Bedroom sizeHUD FMR
Studio$1,540
1 bedroom$1,680
2 bedroom$1,850
3 bedroom$2,440
4 bedroom$2,840
Shelby County fair market rent38138 FMR38139 FMR38183 FMR