County Median Investment Score
120Above average
| BR | FMR | Eff. Rent | 3Y CAGR |
|---|---|---|---|
| 0 BR | $770 – $860▲ | $770 – $950 | 5.3% |
| 1 BR | $850 – $1,000▲ | $850 – $1,030 | 6.2% |
| 2 BR | $1,110 – $1,230▲ | $1,110 – $1,290 | 6.1% |
| 3 BR | $1,430 – $1,540— | $1,340 – $1,620 | 5.4% |
| 4 BR | $1,470 – $1,620▲ | $1,350 – $1,780 | 4.7% |
| 5 BR | $1,690▲ | —Not available | 4.7% |
| 6 BR | $1,944▲ | —Not available | 4.7% |
| 7 BR | $2,236▲ | —Not available | 4.7% |
| 8 BR | $2,571▲ | —Not available | 4.7% |
Public Housing Authority
Rolodex
Market Alignment
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
- FMR
- FY2027
- Market rent
- last ~365 days
- Property value
- --
- Tax rate
- --
- Mortgage rate
- --
Polk County, TN fair market rent, FY 2027
For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 15 ZIP codes in Polk County, TN ranges from $1,110 to $1,230 a month, with a median of $1,110. That is up 1.8% from $1,090 in FY 2026. Polk County is in the Cleveland, TN MSA. 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 $1,270. The median county two-bedroom FMR in Tennessee is $1,048, so Polk County is 6% above it.
FY 2027 rent by bedroom
| Bedrooms | FY 2026 | FY 2027 | Change | 90–110% range |
|---|---|---|---|---|
| Studio | $750 | $770 | +2.7% | $693–$847 |
| 1BR | $830 | $850 | +2.4% | $765–$935 |
| 2BR | $1,090 | $1,110 | +1.8% | $999–$1,221 |
| 3BR | $1,430 | $1,430 | 0.0% | $1,287–$1,573 |
| 4BR | $1,450 | $1,470 | +1.4% | $1,323–$1,617 |
Fair market rent history, FY 2023–2027
| Fiscal year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY 2027 | $770 | $850 | $1,110 | $1,430 | $1,470 |
| FY 2026 | $750 | $830 | $1,090 | $1,430 | $1,450 |
| FY 2025 | $720 | $790 | $1,020 | $1,320 | $1,380 |
| FY 2024 | $660 | $710 | $930 | $1,220 | $1,280 |
| FY 2023 | $575 | $620 | $815 | $1,070 | $1,155 |
Two-bedroom rent by ZIP code
| ZIP code | 2 bedroom | vs. median |
|---|---|---|
| 37323 | $1,230 | +10.8% |
| 37310 | $1,150 | +3.6% |
| 37307 | $1,110 | 0.0% |
| 37309 | $1,110 | 0.0% |
| 37316 | $1,110 | 0.0% |
| 37317 | $1,110 | 0.0% |
| 37325 | $1,110 | 0.0% |
| 37326 | $1,110 | 0.0% |
| 37331 | $1,110 | 0.0% |
| 37333 | $1,110 | 0.0% |
| 37361 | $1,110 | 0.0% |
| 37362 | $1,110 | 0.0% |
| 37369 | $1,110 | 0.0% |
| 37385 | $1,110 | 0.0% |
| 37391 | $1,110 | 0.0% |
Questions about Polk County, TN rents
How much will Section 8 pay for a two-bedroom in Polk County, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,270, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,143 to $1,397 a month; under the ZIP-level Small Area FMR of $1,110 it would be $999 to $1,221. 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 Polk County, TN in?
Polk County, TN is in the Cleveland, TN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,270.
How much did fair market rent change in Polk County, TN for FY 2027?
The two-bedroom FMR rose 1.8%, from $1,090 in FY 2026 to $1,110 in FY 2027. Since FY 2023 it has risen 36.2%.
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