38308
ZIPSAFMR
Madison County, TN
BRFMR
Eff. Rent
0 BR$890$830
1 BR$980$950
2 BR$1,290$1,070
3 BR$1,720$1,570
4 BR$1,800$1,800
5 BR$2,070
6 BR$2,380
7 BR$2,738
8 BR$3,148

Market Alignment

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

Studio
Studio
1.07ratio
FMR$890
Market$830
vs market+$60

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

1.07
1 BR
1 BR
1.03ratio
FMR$980
Market$950
vs market+$30

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

1.03
2 BR
2 BR
1.21ratio
FMR$1,290
Market$1,070
vs market+$220

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

1.21
3 BR
3 BR
1.10ratio
FMR$1,720
Market$1,570
vs market+$150

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

1.10
4 BR
4 BR
0.98ratio
FMR$1,800
Market$1,840
vs market-$40

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

0.98
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
$129,777
Rent
$1,290
Down payment
$25,955
Loan
$103,822
Mortgage
$656
Expenses
$434
Market inputs
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 38308 (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.