38126
ZIPSAFMR
Shelby County, TN
BRFMR
Eff. Rent
0 BR$840$920
1 BR$940$870
2 BR$1,060$800
3 BR$1,390$1,250
4 BR$1,620$1,220
5 BR$1,863
6 BR$2,142
7 BR$2,464
8 BR$2,833

Purchase Price Calculator

Maximum purchase price
$56,963

Cost breakdown

+Likely effective rent$800
HUD FMR$1,060
Market rentUsed$800
Est. payment standard (90%)$950
Market rent is below the inferred standard ($950, 90% of FMR).
-Principal and interest-$288
Loan amount$45,571
Down payment$11,393
Rate6.50%
Term30 years
-Operating costs-$312
Property taxes-$57
Insurance-$175
Utilities$0
HOA$0
Management-$80
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$13,213(116.0% ROI)
Projected value
$61,343
Current value$56,963
Return breakdown
Property appreciation+$4,380
Loan principal paid down+$1,633
Rental cash flow+$7,200
5-year hold
+$22,397(196.6% ROI)
Projected value
$64,449
Current value$56,963
Return breakdown
Property appreciation+$7,485
Loan principal paid down+$2,912
Rental cash flow+$12,000
10-year hold
+$46,892(411.6% ROI)
Projected value
$72,918
Current value$56,963
Return breakdown
Property appreciation+$15,955
Loan principal paid down+$6,938
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.79ratio
FMR$840
Market$1,060
vs market-$220

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

90% standard$756 / 0.71 ratio110% standard$924 / 0.87 ratio
0.79
1 BR
1 BR
1.08ratio
FMR$940
Market$870
vs market+$70

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

90% standard$846 / 0.97 ratio110% standard$1,034 / 1.19 ratio
1.08
2 BR
2 BR
1.32ratio
FMR$1,060
Market$800
vs market+$260

FMR is above market; underwrite to market rent.

90% standard$954 / 1.19 ratio110% standard$1,166 / 1.46 ratio
1.32
3 BR
3 BR
1.11ratio
FMR$1,390
Market$1,250
vs market+$140

FMR is above market; underwrite to market rent.

90% standard$1,251 / 1.00 ratio110% standard$1,529 / 1.22 ratio
1.11
4 BR
4 BR
1.33ratio
FMR$1,620
Market$1,220
vs market+$400

FMR is above market; underwrite to market rent.

90% standard$1,458 / 1.20 ratio110% standard$1,782 / 1.46 ratio
1.33
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 38126 (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.

38126 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 38126 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,060 and the 4 bedroom fair market rent is $1,620.

Use this page for searches like 38126 FMR, 38126 fair market rent, and 38126 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 38126
Bedroom sizeHUD FMR
Studio$840
1 bedroom$940
2 bedroom$1,060
3 bedroom$1,390
4 bedroom$1,620