FMR is below market; voucher rent may lag private rents.
0.71
1 BR
1 BR- 38362
0.80ratio
FMR$1,110
Market$1,390
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR- 38362
0.94ratio
FMR$1,450
Market$1,540
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 38362
1.10ratio
FMR$1,840
Market$1,670
vs market+$170
FMR is above market; underwrite to market rent.
1.10
4 BR
4 BR- 38362
1.02ratio
FMR$2,000
Market$1,970
vs market+$30
FMR is near market; voucher and private rents are aligned.
1.02
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
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Oakfield, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oakfield, TN is $1,450 a month. That is down 5.2% from $1,530 in FY 2026. Oakfield is in the Jackson, TN HUD Metro 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 metro-wide two-bedroom FMR of $1,375. The median county two-bedroom FMR in Tennessee is $1,048, so Oakfield is 38% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oakfield, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,050
$1,010
−3.8%
$909–$1,111
1BR
$1,170
$1,110
−5.1%
$999–$1,221
2BR
$1,530
$1,450
−5.2%
$1,305–$1,595
3BR
$2,040
$1,840
−9.8%
$1,656–$2,024
4BR
$2,130
$2,000
−6.1%
$1,800–$2,200
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oakfield, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,010
$1,110
$1,450
$1,840
$2,000
FY 2026
$1,050
$1,170
$1,530
$2,040
$2,130
FY 2025
$1,100
$1,230
$1,610
$2,170
$2,180
FY 2024
$1,030
$1,160
$1,520
$2,080
$2,090
FY 2023
$820
$930
$1,230
$1,670
$1,670
Questions about Oakfield, TN rents
How much will Section 8 pay for a two-bedroom in Oakfield, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,375, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,238 to $1,513 a month; under the ZIP-level Small Area FMR of $1,450 it would be $1,305 to $1,595. 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 Oakfield, TN in?
Oakfield, TN is in the Jackson, TN HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,375.
How much did fair market rent change in Oakfield, TN for FY 2027?
The two-bedroom FMR fell 5.2%, from $1,530 in FY 2026 to $1,450 in FY 2027. Since FY 2023 it has risen 17.9%.
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