Metro FMR area · TN · HUD FY 2027

Smith County, TN Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Smith County, TN area is $1,146 a month, 17% below the Tennessee average and 35% below the U.S. average of $1,761. ZIP-level Small Area FMRs for its 15 ZIP codes range from $1,000 to $1,700.

$1,1462-bedroom FMR+$95 (+9.0%) vs FY 2026
$8761-bedroom FMRU.S.: $1,478
$45,840Income for a 2-bedroomat 30% of income
20,389Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,146/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Smith County, TN FMR	$1,146	$45,840	–
Tennessee average	$1,381	$55,244	–
U.S. average	$1,761	$70,432	–

Smith County, TN Fair Market Rents, FY 2027 vs FY 2026
Unit	Smith County, TN FY 2027	FY 2026	Change	Tennessee avg	U.S. avg	Income needed
Studio	$870	$796	+$74 (+9.3%)	$1,141	$1,379	$34,800
1 bedroom	$876	$801	+$75 (+9.4%)	$1,196	$1,478	$35,040
2 bedrooms	$1,146	$1,051	+$95 (+9.0%)	$1,381	$1,761	$45,840
3 bedrooms	$1,407	$1,368	+$39 (+2.9%)	$1,771	$2,266	$56,280
4 bedrooms	$1,506	$1,392	+$114 (+8.2%)	$2,054	$2,607	$60,240

Counties in this FMR area

Counties in the Smith County, TN FMR area
County	Residents in area
Smith County, TN	20,389

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,150.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Smith County, TN
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
37012	$1,040	$1,060	$1,190	$1,500	$1,820	−$130 (−9.8%)	4% above
37030	$900	$910	$1,190	$1,460	$1,560	+$140 (+13.3%)	4% above
37057	$1,120	$1,150	$1,310	$1,680	$1,960	−$10 (−0.8%)	14% above
37087	$1,230	$1,280	$1,400	$1,800	$2,170	+$10 (+0.7%)	22% above
37090	$1,500	$1,560	$1,700	$2,180	$2,640	+$60 (+3.7%)	48% above
37145	$770	$800	$1,000	$1,240	$1,360	+$50 (+5.3%)	13% below
37151	$990	$1,020	$1,220	$1,540	$1,740	+$80 (+7.0%)	6% above
37184	$1,040	$1,060	$1,190	$1,500	$1,820	−$130 (−9.8%)	4% above
38547	$830	$840	$1,060	$1,320	$1,510	+$50 (+5.0%)	8% below
38548	$750	$810	$1,030	$1,360	$1,440	+$80 (+8.4%)	10% below
38552	$870	$880	$1,150	$1,410	$1,510	+$100 (+9.5%)	about the same as
38560	$760	$760	$1,000	$1,240	$1,310	+$10 (+1.0%)	13% below
38563	$780	$790	$1,030	$1,260	$1,350	+$40 (+4.0%)	10% below
38567	$780	$780	$1,020	$1,260	$1,450	+$30 (+3.0%)	11% below
38569	$780	$820	$1,020	$1,330	$1,600	no change	11% below

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.