38106
ZIPSAFMR
Shelby County, TN
BRFMR
Eff. Rent
0 BR$960$700
1 BR$1,040$750
2 BR$1,150$960
3 BR$1,520$1,120
4 BR$1,770$1,250
5 BR$2,035
6 BR$2,341
7 BR$2,692
8 BR$3,096

Market Alignment

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

Studio
Studio
1.37ratio
FMR$960
Market$700
vs market+$260

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

1.37
1 BR
1 BR
1.39ratio
FMR$1,040
Market$750
vs market+$290

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

1.39
2 BR
2 BR
1.20ratio
FMR$1,150
Market$960
vs market+$190

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

1.20
3 BR
3 BR
1.36ratio
FMR$1,520
Market$1,120
vs market+$400

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

1.36
4 BR
4 BR
1.42ratio
FMR$1,770
Market$1,250
vs market+$520

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

1.42
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom 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
$108,973
Rent
$1,150
Down payment
$21,795
Loan
$87,178
Mortgage
$551
Expenses
$399
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 38106 (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.