38119
ZIPSAFMR
Shelby County, TN
BRFMR
Eff. Rent
0 BR$1,210$1,210
1 BR$1,310$1,080
2 BR$1,450$1,190
3 BR$1,920$1,450
4 BR$2,230$1,970
5 BR$2,565
6 BR$2,949
7 BR$3,392
8 BR$3,900

Market Alignment

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

Studio
Studio
0.88ratio
FMR$1,210
Market$1,380
vs market-$170

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

0.88
1 BR
1 BR
1.21ratio
FMR$1,310
Market$1,080
vs market+$230

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

1.21
2 BR
2 BR
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.

1.22
3 BR
3 BR
1.32ratio
FMR$1,920
Market$1,450
vs market+$470

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

1.32
4 BR
4 BR
1.13ratio
FMR$2,230
Market$1,970
vs market+$260

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

1.13
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

Purchase Price Calculator

Maximum purchase price
$153,553
Rent
$1,450
Down payment
$30,711
Loan
$122,842
Mortgage
$776
Expenses
$474
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 38119 (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.