FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 37354
1.00ratio
FMR$910
Market$910
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR- 37354
1.07ratio
FMR$1,050
Market$980
vs market+$70
FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR- 37354
1.16ratio
FMR$1,370
Market$1,180
vs market+$190
FMR is above market; underwrite to market rent.
1.16
4 BR
4 BR- 37354
0.97ratio
FMR$1,380
Market$1,430
vs market-$50
FMR is near market; voucher and private rents are aligned.
0.97
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Madisonville, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Madisonville, TN is $1,050 a month. That is up 9.4% from $960 in FY 2026. Madisonville is in the Monroe County, TN non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $995.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Madisonville, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$710
$810
+14.1%
$729–$891
1BR
$790
$910
+15.2%
$819–$1,001
2BR
$960
$1,050
+9.4%
$945–$1,155
3BR
$1,260
$1,370
+8.7%
$1,233–$1,507
4BR
$1,270
$1,380
+8.7%
$1,242–$1,518
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Madisonville, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$810
$910
$1,050
$1,370
$1,380
FY 2026
$710
$790
$960
$1,260
$1,270
FY 2025
$670
$750
$910
$1,260
$1,300
FY 2024area FMR
$584
$685
$861
$1,153
$1,176
FY 2023area FMR
$499
$600
$747
$991
$1,003
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Madisonville, TN rents
How much will Section 8 pay for a two-bedroom in Madisonville, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $995, which applies unless the housing authority uses Small Area FMRs, that basic range is $896 to $1,095 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Madisonville, TN in?
Madisonville, TN is in the Monroe County, TN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $995.
How much did fair market rent change in Madisonville, TN for FY 2027?
The two-bedroom FMR rose 9.4%, from $960 in FY 2026 to $1,050 in FY 2027. Since FY 2025 it has risen 15.4%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set