FMR is near market; voucher and private rents are aligned.
0.97
1 BR
1 BR- 37172
1.01ratio
FMR$1,320
Market$1,310
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
2 BR
2 BR- 37172
0.94ratio
FMR$1,440
Market$1,530
vs market-$90
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR- 37172
1.02ratio
FMR$1,850
Market$1,810
vs market+$40
FMR is near market; voucher and private rents are aligned.
1.02
4 BR
4 BR- 37172
1.07ratio
FMR$2,240
Market$2,100
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.07
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
--
Springfield, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Springfield, TN is $1,440 a month. That is up 2.1% from $1,410 in FY 2026. Springfield 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 Springfield is 37% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Springfield, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,230
$1,270
+3.3%
$1,143–$1,397
1BR
$1,290
$1,320
+2.3%
$1,188–$1,452
2BR
$1,410
$1,440
+2.1%
$1,296–$1,584
3BR
$1,800
$1,850
+2.8%
$1,665–$2,035
4BR
$2,200
$2,240
+1.8%
$2,016–$2,464
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Springfield, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,270
$1,320
$1,440
$1,850
$2,240
FY 2026
$1,230
$1,290
$1,410
$1,800
$2,200
FY 2025
$1,320
$1,370
$1,520
$1,920
$2,360
FY 2024
$1,160
$1,190
$1,340
$1,680
$2,050
FY 2023
$1,010
$1,040
$1,170
$1,460
$1,810
Questions about Springfield, TN rents
How much will Section 8 pay for a two-bedroom in Springfield, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,440, that basic range is $1,296 to $1,584 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 Springfield, TN in?
Springfield, 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 Springfield, TN for FY 2027?
The two-bedroom FMR rose 2.1%, from $1,410 in FY 2026 to $1,440 in FY 2027. Since FY 2023 it has risen 23.1%.
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