38186
ZIPSAFMR
Shelby County, TN
BRFMR
Eff. Rent
0 BR$1,070$870
1 BR$1,160$870
2 BR$1,280$920
3 BR$1,690$1,260
4 BR$1,970$1,420
5 BR$2,266
6 BR$2,605
7 BR$2,996
8 BR$3,446

Market Alignment

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

Studio
Studio
1.23ratio
FMR$1,070
Market$870
vs market+$200

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

1.23
1 BR
1 BR
1.33ratio
FMR$1,160
Market$870
vs market+$290

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

1.33
2 BR
2 BR
1.39ratio
FMR$1,280
Market$920
vs market+$360

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

1.39
3 BR
3 BR
1.34ratio
FMR$1,690
Market$1,260
vs market+$430

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$1,970
Market$1,420
vs market+$550

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 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
$128,291
Rent
$1,280
Down payment
$25,658
Loan
$102,633
Mortgage
$649
Expenses
$431
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 38186 (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.