Tennessee (TN)

STATESAFMR

Found 763 ZIPs

State Median Investment Score

75Below average

095130300

BR	Rent	3Y CAGR
0 BR	$693 - $2,380Median: $884	3.9%
1 BR	$761 - $2,480Median: $928	4.6%
2 BR	$995 - $2,700Median: $1,146	4.9%
3 BR	$1,186 - $3,470Median: $1,453	3.8%
4 BR	$1,308 - $4,200Median: $1,663	3.1%

Market Alignment

Studio

Studio- 51 ZIPs

0.41-0.64ratio range

Median FMR$906

Median Market$1,670

vs market-$764

FMR is below market; voucher rent may lag private rents.

Studio- 15 ZIPs

0.65-0.69ratio range

Median FMR$1,020

Median Market$1,540

vs market-$520

FMR is below market; voucher rent may lag private rents.

Studio- 18 ZIPs

0.69-0.73ratio range

Median FMR$834

Median Market$1,185

vs market-$352

FMR is below market; voucher rent may lag private rents.

Studio- 27 ZIPs

0.73-0.77ratio range

Median FMR$1,032

Median Market$1,400

vs market-$368

FMR is below market; voucher rent may lag private rents.

Studio- 23 ZIPs

0.77-0.81ratio range

Median FMR$906

Median Market$1,160

vs market-$254

FMR is below market; voucher rent may lag private rents.

Studio- 15 ZIPs

0.81-0.86ratio range

Median FMR$1,040

Median Market$1,250

vs market-$210

FMR is below market; voucher rent may lag private rents.

Studio- 23 ZIPs

0.86-0.89ratio range

Median FMR$1,150

Median Market$1,310

vs market-$160

FMR is below market; voucher rent may lag private rents.

Studio- 24 ZIPs

0.90-0.94ratio range

Median FMR$1,220

Median Market$1,310

vs market-$90

FMR is near market; voucher and private rents are aligned.

Studio- 21 ZIPs

0.94-0.98ratio range

Median FMR$1,410

Median Market$1,480

vs market-$70

FMR is near market; voucher and private rents are aligned.

Studio- 28 ZIPs

0.98-1.02ratio range

Median FMR$1,480

Median Market$1,480

vs market+$0

FMR is near market; voucher and private rents are aligned.

Studio- 18 ZIPs

1.02-1.06ratio range

Median FMR$1,225

Median Market$1,195

vs market+$30

FMR is near market; voucher and private rents are aligned.

Studio- 7 ZIPs

1.06-1.10ratio range

Median FMR$1,460

Median Market$1,360

vs market+$100

FMR is near market; voucher and private rents are aligned.

Studio- 13 ZIPs

1.10-1.15ratio range

Median FMR$1,520

Median Market$1,340

vs market+$180

FMR is above market; underwrite to market rent.

Studio- 12 ZIPs

1.15-1.20ratio range

Median FMR$1,120

Median Market$950

vs market+$170

FMR is above market; underwrite to market rent.

Studio- 17 ZIPs

1.21-1.25ratio range

Median FMR$1,460

Median Market$1,170

vs market+$290

FMR is above market; underwrite to market rent.

Studio- 41 ZIPs

1.25-1.30ratio range

Median FMR$1,090

Median Market$870

vs market+$220

FMR is above market; underwrite to market rent.

Studio- 10 ZIPs

1.30-1.34ratio range

Median FMR$1,395

Median Market$1,050

vs market+$345

FMR is above market; underwrite to market rent.

Studio- 21 ZIPs

1.36-1.59ratio range

Median FMR$1,520

Median Market$1,080

vs market+$440

FMR is above market; underwrite to market rent.

0.41-1.59

1 BR

1 BR- 30 ZIPs

0.40-0.64ratio range

Median FMR$954

Median Market$1,605

vs market-$651

FMR is below market; voucher rent may lag private rents.

1 BR- 24 ZIPs

0.65-0.69ratio range

Median FMR$897

Median Market$1,355

vs market-$459

FMR is below market; voucher rent may lag private rents.

1 BR- 17 ZIPs

0.69-0.73ratio range

Median FMR$1,038

Median Market$1,470

vs market-$432

FMR is below market; voucher rent may lag private rents.

1 BR- 29 ZIPs

0.73-0.77ratio range

Median FMR$912

Median Market$1,230

vs market-$318

FMR is below market; voucher rent may lag private rents.

1 BR- 30 ZIPs

0.77-0.81ratio range

Median FMR$1,070

Median Market$1,340

vs market-$270

FMR is below market; voucher rent may lag private rents.

1 BR- 41 ZIPs

0.82-0.86ratio range

Median FMR$1,230

Median Market$1,490

vs market-$260

FMR is below market; voucher rent may lag private rents.

1 BR- 17 ZIPs

0.86-0.90ratio range

Median FMR$1,060

Median Market$1,220

vs market-$160

FMR is below market; voucher rent may lag private rents.

1 BR- 19 ZIPs

0.90-0.94ratio range

Median FMR$1,250

Median Market$1,350

vs market-$100

FMR is near market; voucher and private rents are aligned.

1 BR- 18 ZIPs

0.95-0.98ratio range

Median FMR$1,210

Median Market$1,255

vs market-$45

FMR is near market; voucher and private rents are aligned.

1 BR- 23 ZIPs

0.98-1.02ratio range

Median FMR$1,320

Median Market$1,330

vs market-$10

FMR is near market; voucher and private rents are aligned.

1 BR- 18 ZIPs

1.02-1.06ratio range

Median FMR$1,345

Median Market$1,280

vs market+$65

FMR is near market; voucher and private rents are aligned.

1 BR- 18 ZIPs

1.06-1.10ratio range

Median FMR$1,565

Median Market$1,450

vs market+$115

FMR is near market; voucher and private rents are aligned.

1 BR- 20 ZIPs

1.10-1.15ratio range

Median FMR$1,420

Median Market$1,270

vs market+$150

FMR is above market; underwrite to market rent.

1 BR- 17 ZIPs

1.15-1.20ratio range

Median FMR$1,590

Median Market$1,340

vs market+$250

FMR is above market; underwrite to market rent.

1 BR- 14 ZIPs

1.20-1.24ratio range

Median FMR$1,560

Median Market$1,260

vs market+$300

FMR is above market; underwrite to market rent.

1 BR- 6 ZIPs

1.25-1.30ratio range

Median FMR$1,535

Median Market$1,225

vs market+$310

FMR is above market; underwrite to market rent.

1 BR- 5 ZIPs

1.31-1.34ratio range

Median FMR$1,550

Median Market$1,170

vs market+$380

FMR is above market; underwrite to market rent.

1 BR- 41 ZIPs

1.35-1.65ratio range

Median FMR$1,190

Median Market$870

vs market+$320

FMR is above market; underwrite to market rent.

0.40-1.65

2 BR

2 BR- 18 ZIPs

0.44-0.64ratio range

Median FMR$1,202

Median Market$1,975

vs market-$774

FMR is below market; voucher rent may lag private rents.

2 BR- 12 ZIPs

0.65-0.69ratio range

Median FMR$1,211

Median Market$1,790

vs market-$580

FMR is below market; voucher rent may lag private rents.

2 BR- 21 ZIPs

0.69-0.73ratio range

Median FMR$1,190

Median Market$1,690

vs market-$500

FMR is below market; voucher rent may lag private rents.

2 BR- 27 ZIPs

0.73-0.77ratio range

Median FMR$1,290

Median Market$1,750

vs market-$460

FMR is below market; voucher rent may lag private rents.

2 BR- 36 ZIPs

0.77-0.81ratio range

Median FMR$1,285

Median Market$1,640

vs market-$355

FMR is below market; voucher rent may lag private rents.

2 BR- 28 ZIPs

0.82-0.86ratio range

Median FMR$1,153

Median Market$1,400

vs market-$247

FMR is below market; voucher rent may lag private rents.

2 BR- 34 ZIPs

0.86-0.90ratio range

Median FMR$1,236

Median Market$1,400

vs market-$165

FMR is below market; voucher rent may lag private rents.

2 BR- 29 ZIPs

0.90-0.94ratio range

Median FMR$1,440

Median Market$1,600

vs market-$160

FMR is near market; voucher and private rents are aligned.

2 BR- 38 ZIPs

0.94-0.98ratio range

Median FMR$1,540

Median Market$1,620

vs market-$80

FMR is near market; voucher and private rents are aligned.

2 BR- 23 ZIPs

0.98-1.02ratio range

Median FMR$1,474

Median Market$1,460

vs market+$14

FMR is near market; voucher and private rents are aligned.

2 BR- 22 ZIPs

1.02-1.06ratio range

Median FMR$1,630

Median Market$1,565

vs market+$65

FMR is near market; voucher and private rents are aligned.

2 BR- 20 ZIPs

1.06-1.10ratio range

Median FMR$1,809

Median Market$1,680

vs market+$129

FMR is near market; voucher and private rents are aligned.

2 BR- 9 ZIPs

1.12-1.14ratio range

Median FMR$1,730

Median Market$1,540

vs market+$190

FMR is above market; underwrite to market rent.

2 BR- 16 ZIPs

1.15-1.19ratio range

Median FMR$1,520

Median Market$1,285

vs market+$235

FMR is above market; underwrite to market rent.

2 BR- 8 ZIPs

1.21-1.25ratio range

Median FMR$1,829

Median Market$1,475

vs market+$354

FMR is above market; underwrite to market rent.

2 BR- 9 ZIPs

1.25-1.29ratio range

Median FMR$1,375

Median Market$1,070

vs market+$305

FMR is above market; underwrite to market rent.

2 BR- 3 ZIPs

1.32ratio range

Median FMR$2,080

Median Market$1,570

vs market+$510

FMR is above market; underwrite to market rent.

2 BR- 33 ZIPs

1.41-1.58ratio range

Median FMR$1,300

Median Market$920

vs market+$380

FMR is above market; underwrite to market rent.

0.44-1.58

3 BR

3 BR- 6 ZIPs

0.55-0.63ratio range

Median FMR$1,472

Median Market$2,570

vs market-$1,098

FMR is below market; voucher rent may lag private rents.

3 BR- 17 ZIPs

0.65-0.68ratio range

Median FMR$1,380

Median Market$2,130

vs market-$750

FMR is below market; voucher rent may lag private rents.

3 BR- 23 ZIPs

0.69-0.73ratio range

Median FMR$1,461

Median Market$2,100

vs market-$639

FMR is below market; voucher rent may lag private rents.

3 BR- 27 ZIPs

0.73-0.76ratio range

Median FMR$1,405

Median Market$1,910

vs market-$505

FMR is below market; voucher rent may lag private rents.

3 BR- 28 ZIPs

0.77-0.81ratio range

Median FMR$1,461

Median Market$1,840

vs market-$379

FMR is below market; voucher rent may lag private rents.

3 BR- 40 ZIPs

0.81-0.86ratio range

Median FMR$1,730

Median Market$2,095

vs market-$365

FMR is below market; voucher rent may lag private rents.

3 BR- 37 ZIPs

0.86-0.90ratio range

Median FMR$1,593

Median Market$1,800

vs market-$207

FMR is below market; voucher rent may lag private rents.

3 BR- 28 ZIPs

0.91-0.94ratio range

Median FMR$1,780

Median Market$1,900

vs market-$120

FMR is near market; voucher and private rents are aligned.

3 BR- 27 ZIPs

0.94-0.98ratio range

Median FMR$1,930

Median Market$2,050

vs market-$120

FMR is near market; voucher and private rents are aligned.

3 BR- 19 ZIPs

0.98-1.02ratio range

Median FMR$1,950

Median Market$1,970

vs market-$20

FMR is near market; voucher and private rents are aligned.

3 BR- 28 ZIPs

1.02-1.06ratio range

Median FMR$1,860

Median Market$1,810

vs market+$50

FMR is near market; voucher and private rents are aligned.

3 BR- 14 ZIPs

1.06-1.10ratio range

Median FMR$2,135

Median Market$2,000

vs market+$135

FMR is near market; voucher and private rents are aligned.

3 BR- 13 ZIPs

1.10-1.14ratio range

Median FMR$1,730

Median Market$1,570

vs market+$160

FMR is above market; underwrite to market rent.

3 BR- 14 ZIPs

1.15-1.19ratio range

Median FMR$2,180

Median Market$1,840

vs market+$340

FMR is above market; underwrite to market rent.

3 BR- 13 ZIPs

1.20-1.24ratio range

Median FMR$2,220

Median Market$1,790

vs market+$430

FMR is above market; underwrite to market rent.

3 BR- 12 ZIPs

1.25-1.29ratio range

Median FMR$2,210

Median Market$1,720

vs market+$490

FMR is above market; underwrite to market rent.

3 BR- 6 ZIPs

1.31-1.35ratio range

Median FMR$2,075

Median Market$1,570

vs market+$505

FMR is above market; underwrite to market rent.

3 BR- 36 ZIPs

1.35-1.46ratio range

Median FMR$1,720

Median Market$1,260

vs market+$460

FMR is above market; underwrite to market rent.

0.55-1.46

4 BR

4 BR- 23 ZIPs

0.47-0.64ratio range

Median FMR$1,594

Median Market$2,730

vs market-$1,136

FMR is below market; voucher rent may lag private rents.

4 BR- 25 ZIPs

0.64-0.68ratio range

Median FMR$2,799

Median Market$4,240

vs market-$1,441

FMR is below market; voucher rent may lag private rents.

4 BR- 18 ZIPs

0.69-0.73ratio range

Median FMR$1,605

Median Market$2,255

vs market-$651

FMR is below market; voucher rent may lag private rents.

4 BR- 35 ZIPs

0.73-0.77ratio range

Median FMR$1,669

Median Market$2,230

vs market-$561

FMR is below market; voucher rent may lag private rents.

4 BR- 18 ZIPs

0.77-0.81ratio range

Median FMR$1,730

Median Market$2,220

vs market-$490

FMR is below market; voucher rent may lag private rents.

4 BR- 42 ZIPs

0.81-0.86ratio range

Median FMR$1,838

Median Market$2,180

vs market-$342

FMR is below market; voucher rent may lag private rents.

4 BR- 23 ZIPs

0.86-0.90ratio range

Median FMR$1,930

Median Market$2,240

vs market-$310

FMR is below market; voucher rent may lag private rents.

4 BR- 27 ZIPs

0.90-0.94ratio range

Median FMR$1,981

Median Market$2,190

vs market-$209

FMR is near market; voucher and private rents are aligned.

4 BR- 28 ZIPs

0.94-0.98ratio range

Median FMR$2,220

Median Market$2,320

vs market-$100

FMR is near market; voucher and private rents are aligned.

4 BR- 16 ZIPs

0.98-1.02ratio range

Median FMR$2,025

Median Market$2,035

vs market-$10

FMR is near market; voucher and private rents are aligned.

4 BR- 22 ZIPs

1.02-1.06ratio range

Median FMR$1,898

Median Market$1,840

vs market+$58

FMR is near market; voucher and private rents are aligned.

4 BR- 14 ZIPs

1.06-1.09ratio range

Median FMR$2,445

Median Market$2,285

vs market+$160

FMR is near market; voucher and private rents are aligned.

4 BR- 11 ZIPs

1.10-1.14ratio range

Median FMR$2,430

Median Market$2,200

vs market+$230

FMR is above market; underwrite to market rent.

4 BR- 17 ZIPs

1.15-1.20ratio range

Median FMR$2,440

Median Market$2,080

vs market+$360

FMR is above market; underwrite to market rent.

4 BR- 15 ZIPs

1.20-1.25ratio range

Median FMR$2,420

Median Market$1,970

vs market+$450

FMR is above market; underwrite to market rent.

4 BR- 7 ZIPs

1.26-1.30ratio range

Median FMR$2,790

Median Market$2,150

vs market+$640

FMR is above market; underwrite to market rent.

4 BR- 11 ZIPs

1.30-1.35ratio range

Median FMR$2,830

Median Market$2,150

vs market+$680

FMR is above market; underwrite to market rent.

4 BR- 35 ZIPs

1.38-1.50ratio range

Median FMR$1,980

Median Market$1,420

vs market+$560

FMR is above market; underwrite to market rent.

0.47-1.50

0.700.800.901.001.101.201.30aligned range

Bedroom curve

Rankings

Market Explorer

Counties, cities, and ZIPs in Tennessee.

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Trends

Market trends

HUD rent changes, rent against home values, and where it cash-flows.

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Counties

Ranked by Investment Score (vs state median)

County map

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Tennessee fair market rent by county, FY 2027

HUD's FY 2027 fair market rents cover 95 counties in Tennessee. The median county two-bedroom FMR is $1,048. That is up 7.5% from $975 in FY 2026. Two-bedroom FMRs run from $995 in Weakley County to $1,798 in Cannon County. 21 HUD metropolitan FMR areas cover 44 of those counties; each county in the same metro area shares one FMR. 348 ZIP codes in 13 metro areas must use Small Area FMRs, so voucher payment standards there are set by ZIP code.

Two-bedroom FMR by county

FY 2027 two-bedroom fair market rent by county in Tennessee
County	2BR	Change	HUD FMR area
Cannon County	$1,798	+3.9%	Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
Cheatham County	$1,798	+3.9%	Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
Davidson County	$1,798	+3.9%	Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
Dickson County	$1,798	+3.9%	Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
Robertson County	$1,798	+3.9%	Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
Rutherford County	$1,798	+3.9%	Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
Sumner County	$1,798	+3.9%	Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
Trousdale County	$1,798	+3.9%	Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
Williamson County	$1,798	+3.9%	Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
Wilson County	$1,798	+3.9%	Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
Anderson County	$1,475	+0.3%	Knoxville, TN HUD Metro FMR Area
Blount County	$1,475	+0.3%	Knoxville, TN HUD Metro FMR Area
Knox County	$1,475	+0.3%	Knoxville, TN HUD Metro FMR Area
Loudon County	$1,475	+0.3%	Knoxville, TN HUD Metro FMR Area
Union County	$1,475	+0.3%	Knoxville, TN HUD Metro FMR Area
Maury County	$1,474	+9.3%	Maury County, TN HUD Metro FMR Area
Chester County	$1,375	+9.1%	Jackson, TN HUD Metro FMR Area
Madison County	$1,375	+9.1%	Jackson, TN HUD Metro FMR Area
Hamilton County	$1,340	−3.6%	Chattanooga, TN-GA MSA
Marion County	$1,340	−3.6%	Chattanooga, TN-GA MSA
Sequatchie County	$1,340	−3.6%	Chattanooga, TN-GA MSA
Montgomery County	$1,307	−2.9%	Clarksville, TN-KY HUD Metro FMR Area
Fayette County	$1,301	+2.1%	Memphis, TN-MS-AR HUD Metro FMR Area
Shelby County	$1,301	+2.1%	Memphis, TN-MS-AR HUD Metro FMR Area
Tipton County	$1,301	+2.1%	Memphis, TN-MS-AR HUD Metro FMR Area
Bradley County	$1,270	+3.0%	Cleveland, TN MSA
Polk County	$1,270	+3.0%	Cleveland, TN MSA
Sevier County	$1,213	+4.7%	Non-metro
Carter County	$1,211	+7.0%	Johnson City, TN MSA
Unicoi County	$1,211	+7.0%	Johnson City, TN MSA
Washington County	$1,211	+7.0%	Johnson City, TN MSA
Hamblen County	$1,153	+1.6%	Morristown, TN HUD Metro FMR Area
Jefferson County	$1,153	+1.6%	Morristown, TN HUD Metro FMR Area
Smith County	$1,146	+9.0%	Smith County, TN HUD Metro FMR Area
Bedford County	$1,112	+9.3%	Non-metro
Marshall County	$1,106	+6.2%	Non-metro
Giles County	$1,105	+10.4%	Non-metro
Putnam County	$1,102	+8.7%	Non-metro
Crockett County	$1,093	+0.9%	Crockett County, TN HUD Metro FMR Area
Hawkins County	$1,091	+4.5%	Kingsport-Bristol, TN-VA MSA
Sullivan County	$1,091	+4.5%	Kingsport-Bristol, TN-VA MSA
Coffee County	$1,088	+13.5%	Non-metro
Bledsoe County	$1,086	+11.4%	Non-metro
Franklin County	$1,060	+8.2%	Non-metro
Rhea County	$1,059	+14.5%	Non-metro
Humphreys County	$1,055	+10.5%	Non-metro
Warren County	$1,051	+9.0%	Non-metro
Roane County	$1,048	−4.0%	Roane County, TN HUD Metro FMR Area
Meigs County	$1,045	+13.0%	Non-metro
Cumberland County	$1,039	+10.3%	Non-metro
Hickman County	$1,028	+3.6%	Hickman County, TN HUD Metro FMR Area
White County	$1,021	+2.9%	Non-metro
DeKalb County	$1,016	+6.6%	Non-metro
Henry County	$1,011	+6.5%	Non-metro
Lawrence County	$1,008	+7.3%	Non-metro
Benton County	$995	+7.6%	Non-metro
Campbell County	$995	+5.1%	Campbell County, TN HUD Metro FMR Area
Carroll County	$995	+7.6%	Non-metro
Claiborne County	$995	+7.6%	Non-metro
Clay County	$995	+7.6%	Non-metro
Cocke County	$995	+7.6%	Non-metro
Decatur County	$995	+7.6%	Non-metro
Dyer County	$995	+7.6%	Non-metro
Fentress County	$995	+7.6%	Non-metro
Gibson County	$995	+7.3%	Gibson County, TN HUD Metro FMR Area
Grainger County	$995	+5.7%	Grainger County, TN HUD Metro FMR Area
Greene County	$995	+7.6%	Non-metro
Grundy County	$995	+7.6%	Non-metro
Hancock County	$995	+7.6%	Non-metro
Hardeman County	$995	+7.6%	Non-metro
Hardin County	$995	+7.6%	Non-metro
Haywood County	$995	+7.6%	Non-metro
Henderson County	$995	+7.6%	Non-metro
Houston County	$995	+7.6%	Non-metro
Jackson County	$995	+7.6%	Non-metro
Johnson County	$995	+7.6%	Non-metro
Lake County	$995	+7.6%	Non-metro
Lauderdale County	$995	+7.6%	Non-metro
Lewis County	$995	+7.6%	Non-metro
Lincoln County	$995	+7.6%	Non-metro
Macon County	$995	+2.4%	Macon County, TN HUD Metro FMR Area
McMinn County	$995	+7.5%	Non-metro
McNairy County	$995	+7.6%	Non-metro
Monroe County	$995	+7.6%	Non-metro
Moore County	$995	+7.6%	Non-metro
Morgan County	$995	+0.7%	Morgan County, TN HUD Metro FMR Area
Obion County	$995	+7.6%	Non-metro
Overton County	$995	+7.6%	Non-metro
Perry County	$995	+7.6%	Non-metro
Pickett County	$995	+3.9%	Non-metro
Scott County	$995	+7.6%	Non-metro
Stewart County	$995	−0.9%	Stewart County, TN HUD Metro FMR Area
Van Buren County	$995	+7.6%	Non-metro
Wayne County	$995	+7.6%	Non-metro
Weakley County	$995	+7.6%	Non-metro

HUD metro FMR areas

FY 2027 two-bedroom fair market rent by HUD metro area in Tennessee
Metro area	Counties	2BR
Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area	10	$1,798
Knoxville, TN HUD Metro FMR Area	5	$1,475
Maury County, TN HUD Metro FMR Area	1	$1,474
Jackson, TN HUD Metro FMR Area	2	$1,375
Chattanooga, TN-GA MSA	3	$1,340
Clarksville, TN-KY HUD Metro FMR Area	1	$1,307
Memphis, TN-MS-AR HUD Metro FMR Area	3	$1,301
Cleveland, TN MSA	2	$1,270
Johnson City, TN MSA	3	$1,211
Morristown, TN HUD Metro FMR Area	2	$1,153
Smith County, TN HUD Metro FMR Area	1	$1,146
Crockett County, TN HUD Metro FMR Area	1	$1,093
Kingsport-Bristol, TN-VA MSA	2	$1,091
Roane County, TN HUD Metro FMR Area	1	$1,048
Hickman County, TN HUD Metro FMR Area	1	$1,028
Campbell County, TN HUD Metro FMR Area	1	$995
Gibson County, TN HUD Metro FMR Area	1	$995
Grainger County, TN HUD Metro FMR Area	1	$995
Macon County, TN HUD Metro FMR Area	1	$995
Morgan County, TN HUD Metro FMR Area	1	$995
Stewart County, TN HUD Metro FMR Area	1	$995

Questions about Tennessee rents

What is the fair market rent in Tennessee?

HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Tennessee is $1,048. Look up the county or ZIP code to see the value that applies to a specific property.

Which Tennessee counties have the highest fair market rent?

For FY 2027, the highest two-bedroom FMRs are in Cannon County ($1,798), Cheatham County ($1,798), Davidson County ($1,798).

Does Tennessee use Small Area Fair Market Rents?

Yes, in part. HUD requires Small Area FMRs in 348 ZIP codes across 13 metro areas, led by the Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area; Memphis, TN-MS-AR HUD Metro FMR Area; Knoxville, TN HUD Metro FMR Area. Elsewhere, housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.

Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.

Tennessee counties Tennessee cities Tennessee ZIP codes What is FMR?

Data source: U.S. Department of Housing and Urban Development (HUD)

Fiscal Year 2027