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Shelby County, TN
CountySAFMR
Found 71 ZIPs
Zillow
BRFMR
Eff. Rent
0 BR$840 – $1,590▼$640 – $1,590
1 BR$940 – $1,730▼$680 – $1,690
2 BR$1,060 – $1,910▼$800 – $1,910
3 BR$1,390 – $2,520▼$1,120 – $2,120
4 BR$1,620 – $2,940▼$1,220 – $2,540
5 BR$2,266▼—
6 BR$2,605▼—
7 BR$2,996▼—
8 BR$3,446▼—

Market Alignment

How HUD fair market rents align with the state of the rental market.

Studio
Studio· 5 ZIPs
0.55–0.63ratio range
Median FMR$1,540
Median Market$2,480
vs market-$940

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

Studio· 1 ZIP
0.69ratio
FMR$1,220
Market$1,780
vs market-$560

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

Studio· 1 ZIP
0.72ratio
FMR$1,280
Market$1,780
vs market-$500

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

Studio· 2 ZIPs
0.73–0.75ratio range
Median FMR$1,235
Median Market$1,675
vs market-$440

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

Studio· 4 ZIPs
0.78–0.80ratio range
Median FMR$1,140
Median Market$1,445
vs market-$305

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

Studio· 3 ZIPs
0.83–0.84ratio range
Median FMR$1,440
Median Market$1,740
vs market-$300

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

Studio· 2 ZIPs
0.87–0.88ratio range
Median FMR$1,360
Median Market$1,560
vs market-$200

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

Studio· 2 ZIPs
0.92ratio range
Median FMR$1,080
Median Market$1,175
vs market-$95

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

Studio· 2 ZIPs
0.97–0.98ratio range
Median FMR$1,010
Median Market$1,035
vs market-$25

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

Studio· 3 ZIPs
0.98–1.01ratio range
Median FMR$1,030
Median Market$1,040
vs market-$10

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

Studio· 1 ZIP
1.04ratio
FMR$1,050
Market$1,010
vs market+$40

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

Studio· 4 ZIPs
1.08–1.10ratio range
Median FMR$1,010
Median Market$920
vs market+$90

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

Studio· 2 ZIPs
1.13–1.14ratio range
Median FMR$965
Median Market$850
vs market+$115

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

Studio· 2 ZIPs
1.19–1.20ratio range
Median FMR$990
Median Market$830
vs market+$160

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

Studio· 23 ZIPs
1.22–1.23ratio range
Median FMR$1,070
Median Market$870
vs market+$200

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

23
Studio· 2 ZIPs
1.26–1.29ratio range
Median FMR$1,050
Median Market$825
vs market+$225

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

Studio· 2 ZIPs
1.31–1.33ratio range
Median FMR$920
Median Market$695
vs market+$225

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

Studio· 4 ZIPs
1.37–1.53ratio range
Median FMR$1,145
Median Market$820
vs market+$325

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

0.55–1.53
1 BR
1 BR· 1 ZIP
0.63ratio
FMR$1,020
Market$1,610
vs market-$590

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1 BR· 1 ZIP
0.72ratio
FMR$1,690
Market$2,340
vs market-$650

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1 BR· 2 ZIPs
0.77–0.79ratio range
Median FMR$1,365
Median Market$1,745
vs market-$380

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1 BR· 2 ZIPs
0.82–0.83ratio range
Median FMR$1,395
Median Market$1,690
vs market-$295

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1 BR· 1 ZIP
0.89ratio
FMR$1,570
Market$1,760
vs market-$190

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

1 BR· 3 ZIPs
0.91–0.94ratio range
Median FMR$1,650
Median Market$1,810
vs market-$160

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 1 ZIP
0.96ratio
FMR$1,330
Market$1,380
vs market-$50

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 4 ZIPs
0.98–1.02ratio range
Median FMR$1,270
Median Market$1,250
vs market+$20

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 3 ZIPs
1.04–1.05ratio range
Median FMR$1,150
Median Market$1,100
vs market+$50

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 4 ZIPs
1.07–1.09ratio range
Median FMR$1,070
Median Market$990
vs market+$80

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

1 BR· 2 ZIPs
1.13ratio range
Median FMR$1,095
Median Market$970
vs market+$125

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1 BR· 6 ZIPs
1.15–1.18ratio range
Median FMR$1,120
Median Market$960
vs market+$160

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1 BR· 4 ZIPs
1.21–1.24ratio range
Median FMR$1,135
Median Market$930
vs market+$205

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1 BR· 2 ZIPs
1.25–1.28ratio range
Median FMR$1,060
Median Market$835
vs market+$225

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

1 BR· 23 ZIPs
1.33ratio range
Median FMR$1,160
Median Market$870
vs market+$290

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

23
1 BR· 6 ZIPs
1.35–1.60ratio range
Median FMR$1,120
Median Market$810
vs market+$310

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

0.63–1.60
2 BR
2 BR· 1 ZIP
0.74ratio
FMR$1,130
Market$1,530
vs market-$400

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2 BR· 3 ZIPs
0.87–0.90ratio range
Median FMR$1,430
Median Market$1,590
vs market-$160

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

2 BR· 3 ZIPs
0.91–0.93ratio range
Median FMR$1,280
Median Market$1,400
vs market-$120

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2 BR· 1 ZIP
0.95ratio
FMR$1,570
Market$1,650
vs market-$80

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2 BR· 8 ZIPs
0.98–1.02ratio range
Median FMR$1,410
Median Market$1,400
vs market+$10

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2 BR· 3 ZIPs
1.04–1.06ratio range
Median FMR$1,260
Median Market$1,210
vs market+$50

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2 BR· 5 ZIPs
1.07–1.10ratio range
Median FMR$1,280
Median Market$1,200
vs market+$80

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

2 BR· 4 ZIPs
1.11–1.14ratio range
Median FMR$1,725
Median Market$1,540
vs market+$185

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2 BR· 7 ZIPs
1.16–1.20ratio range
Median FMR$1,250
Median Market$1,060
vs market+$190

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2 BR· 1 ZIP
1.22ratio
FMR$1,450
Market$1,190
vs market+$260

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2 BR· 3 ZIPs
1.25–1.29ratio range
Median FMR$1,200
Median Market$950
vs market+$250

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2 BR· 2 ZIPs
1.32–1.34ratio range
Median FMR$1,265
Median Market$950
vs market+$315

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

2 BR· 24 ZIPs
1.39ratio range
Median FMR$1,280
Median Market$920
vs market+$360

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

24
0.74–1.39
3 BR
3 BR· 4 ZIPs
0.87–0.89ratio range
Median FMR$1,460
Median Market$1,675
vs market-$215

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

3 BR· 1 ZIP
0.92ratio
FMR$1,940
Market$2,110
vs market-$170

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 1 ZIP
0.95ratio
FMR$1,430
Market$1,500
vs market-$70

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 1 ZIP
0.99ratio
FMR$1,640
Market$1,660
vs market-$20

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 2 ZIPs
1.03–1.06ratio range
Median FMR$1,670
Median Market$1,600
vs market+$70

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 3 ZIPs
1.07–1.09ratio range
Median FMR$1,940
Median Market$1,810
vs market+$130

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

3 BR· 5 ZIPs
1.10–1.14ratio range
Median FMR$1,640
Median Market$1,440
vs market+$200

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

3 BR· 3 ZIPs
1.17–1.20ratio range
Median FMR$1,940
Median Market$1,620
vs market+$320

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

3 BR· 6 ZIPs
1.20–1.25ratio range
Median FMR$1,875
Median Market$1,530
vs market+$345

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

3 BR· 8 ZIPs
1.25–1.30ratio range
Median FMR$1,745
Median Market$1,350
vs market+$395

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

3 BR· 29 ZIPs
1.32–1.35ratio range
Median FMR$1,690
Median Market$1,260
vs market+$430

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

29
3 BR· 2 ZIPs
1.36–1.39ratio range
Median FMR$1,545
Median Market$1,125
vs market+$420

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

0.87–1.39
4 BR
4 BR· 1 ZIP
0.85ratio
FMR$1,740
Market$2,050
vs market-$310

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

4 BR· 1 ZIP
0.88ratio
FMR$1,910
Market$2,170
vs market-$260

FMR falls below market. Section 8 income will likely be below what private tenants pay in this area.

4 BR· 2 ZIPs
0.93–0.94ratio range
Median FMR$1,805
Median Market$1,935
vs market-$130

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

4 BR· 5 ZIPs
0.94–0.97ratio range
Median FMR$1,970
Median Market$2,090
vs market-$120

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

4 BR· 5 ZIPs
0.99–1.01ratio range
Median FMR$1,910
Median Market$1,890
vs market+$20

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

4 BR· 2 ZIPs
1.04–1.05ratio range
Median FMR$1,940
Median Market$1,860
vs market+$80

FMR aligns with market rates. Payment is likely to be at or near the FMR in this area.

4 BR· 5 ZIPs
1.11–1.14ratio range
Median FMR$2,260
Median Market$1,980
vs market+$280

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

4 BR· 4 ZIPs
1.17–1.19ratio range
Median FMR$1,905
Median Market$1,620
vs market+$285

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

4 BR· 3 ZIPs
1.22–1.24ratio range
Median FMR$1,970
Median Market$1,600
vs market+$370

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

4 BR· 4 ZIPs
1.27–1.30ratio range
Median FMR$2,405
Median Market$1,885
vs market+$520

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

4 BR· 7 ZIPs
1.30–1.34ratio range
Median FMR$2,090
Median Market$1,590
vs market+$500

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

4 BR· 26 ZIPs
1.39–1.64ratio range
Median FMR$1,970
Median Market$1,420
vs market+$550

FMR exceeds market. Payment is likely to be capped due to rent reasonableness requirements in this area.

26
0.85–1.64
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

ZIP Codes

Ranked by Investment Score (vs area median)

About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for Shelby County, TN (TN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

What is FMR?What is SAFMR?Data sourcesIncomplete geos
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