FMR is below market; voucher rent may lag private rents.
0.73
1 BR
1 BR- 37166
0.80ratio
FMR$1,060
Market$1,330
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.80
2 BR
2 BR- 37166
0.79ratio
FMR$1,190
Market$1,510
vs market-$320
FMR is below market; voucher rent may lag private rents.
0.79
3 BR
3 BR- 37166
0.89ratio
FMR$1,500
Market$1,690
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.89
4 BR
4 BR- 37166
1.09ratio
FMR$1,820
Market$1,670
vs market+$150
FMR is near market; voucher and private rents are aligned.
1.09
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
--
Smithville, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Smithville, TN is $1,190 a month. That is down 9.8% from $1,320 in FY 2026. Smithville is in the Nashville-Davidson--Murfreesboro--Franklin, TN 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 Smithville is 14% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Smithville, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,150
$1,040
−9.6%
$936–$1,144
1BR
$1,170
$1,060
−9.4%
$954–$1,166
2BR
$1,320
$1,190
−9.8%
$1,071–$1,309
3BR
$1,660
$1,500
−9.6%
$1,350–$1,650
4BR
$2,020
$1,820
−9.9%
$1,638–$2,002
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Smithville, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,040
$1,060
$1,190
$1,500
$1,820
FY 2026
$1,150
$1,170
$1,320
$1,660
$2,020
FY 2025
$1,270
$1,300
$1,460
$1,840
$2,240
FY 2024
$1,100
$1,130
$1,270
$1,590
$1,960
FY 2023
$980
$990
$1,130
$1,430
$1,780
Questions about Smithville, TN rents
How much will Section 8 pay for a two-bedroom in Smithville, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 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 Smithville, TN in?
Smithville, TN is in the Nashville-Davidson--Murfreesboro--Franklin, TN 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 Smithville, TN for FY 2027?
The two-bedroom FMR fell 9.8%, from $1,320 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 5.3%.
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