38141
ZIPSAFMR
Shelby County, TN
BRFMR
Eff. Rent
0 BR$1,280$1,280
1 BR$1,400$1,380
2 BR$1,540$1,380
3 BR$2,030$1,510
4 BR$2,370$1,710
5 BR$2,726
6 BR$3,134
7 BR$3,604
8 BR$4,145

Market Alignment

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

Studio
Studio
0.92ratio
FMR$1,280
Market$1,390
vs market-$110

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

0.92
1 BR
1 BR
1.01ratio
FMR$1,400
Market$1,380
vs market+$20

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

1.01
2 BR
2 BR
1.12ratio
FMR$1,540
Market$1,380
vs market+$160

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

1.12
3 BR
3 BR
1.34ratio
FMR$2,030
Market$1,510
vs market+$520

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

1.34
4 BR
4 BR
1.39ratio
FMR$2,370
Market$1,710
vs market+$660

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

1.39
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
$166,927
Rent
$1,540
Down payment
$33,385
Loan
$133,542
Mortgage
$844
Expenses
$496
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 38141 (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.

38141 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 38141 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,540 and the 4 bedroom fair market rent is $2,370.

Use this page for searches like 38141 FMR, 38141 fair market rent, and 38141 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 38141
Bedroom sizeHUD FMR
Studio$1,280
1 bedroom$1,400
2 bedroom$1,540
3 bedroom$2,030
4 bedroom$2,370