FMR is below market; voucher rent may lag private rents.
0.80
1 BR
1 BR- 38060
0.85ratio
FMR$1,640
Market$1,930
vs market-$290
FMR is below market; voucher rent may lag private rents.
0.85
2 BR
2 BR- 38060
1.07ratio
FMR$1,790
Market$1,670
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR- 38060
1.33ratio
FMR$2,360
Market$1,770
vs market+$590
FMR is above market; underwrite to market rent.
1.33
4 BR
4 BR- 38060
1.20ratio
FMR$2,720
Market$2,270
vs market+$450
FMR is above market; underwrite to market rent.
1.20
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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Oakland, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Oakland, TN is $1,790 a month. That is up 18.5% from $1,510 in FY 2026. Oakland is in the Memphis, TN-MS-AR HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Tennessee is $1,048, so Oakland is 71% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Oakland, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,200
$1,510
+25.8%
$1,359–$1,661
1BR
$1,330
$1,640
+23.3%
$1,476–$1,804
2BR
$1,510
$1,790
+18.5%
$1,611–$1,969
3BR
$1,980
$2,360
+19.2%
$2,124–$2,596
4BR
$2,310
$2,720
+17.7%
$2,448–$2,992
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Oakland, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,510
$1,640
$1,790
$2,360
$2,720
FY 2026
$1,200
$1,330
$1,510
$1,980
$2,310
FY 2025
$1,330
$1,470
$1,670
$2,200
$2,560
FY 2024
$1,470
$1,630
$1,850
$2,440
$2,840
FY 2023
$1,150
$1,290
$1,480
$1,960
$2,270
Questions about Oakland, TN rents
How much will Section 8 pay for a two-bedroom in Oakland, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,790, that basic range is $1,611 to $1,969 a month. 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 Oakland, TN in?
Oakland, TN is in the Memphis, TN-MS-AR HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Oakland, TN for FY 2027?
The two-bedroom FMR rose 18.5%, from $1,510 in FY 2026 to $1,790 in FY 2027. Since FY 2023 it has risen 20.9%.
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