37044
ZIPFMR
Montgomery County, TN
BRFMR
Eff. Rent
0 BR$1,090$860
1 BR$1,094$1,090
2 BR$1,346$1,190
3 BR$1,871$1,650
4 BR$2,258$1,880
5 BR$2,597
6 BR$2,986
7 BR$3,434
8 BR$3,949

Market Alignment

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

Studio
Studio
1.27ratio
FMR$1,090
Market$860
vs market+$230

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

1.27
1 BR
1 BR
1.00ratio
FMR$1,094
Market$1,090
vs market+$4

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

1.00
2 BR
2 BR
1.13ratio
FMR$1,346
Market$1,190
vs market+$156

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

1.13
3 BR
3 BR
1.13ratio
FMR$1,871
Market$1,650
vs market+$221

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

1.13
4 BR
4 BR
1.20ratio
FMR$2,258
Market$1,880
vs market+$378

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

1.20
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Bedroom curve

Historical
See FMR progression in recent years

Data indexed

FMR
FY2026
Market rent
last ~365 days

Purchase Price Calculator

Maximum purchase price
$138,099
Rent
$1,346
Down payment
$27,620
Loan
$110,479
Mortgage
$698
Expenses
$448
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 37044 (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 FMR 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.