Tennessee · FIPS 47079 · HUD FY 2027
Henry County, Tennessee Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Henry County is $1,011 a month (rent plus utilities), 27% below the Tennessee average of $1,381 and 43% below the U.S. average of $1,761. That is up $62 (6.5%) from FY 2026. At 30% of income, a household needs about $40,440 a year to afford it.
- $1,0112-bedroom FMR+$62 (+6.5%) vs FY 2026
- $7731-bedroom FMRTennessee: $1,196 · U.S.: $1,478
- $40,440Income for a 2-bedroom$19/hour full-time
- 54 of 952BR rank in Tennessee1 = highest rent
| Unit | Henry County FY 2027 | FY 2026 | Change | Tennessee avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $704 | $719 | −$15 (−2.1%) | $1,141 | $1,379 | $28,160 |
| 1 bedroom | $773 | $723 | +$50 (+6.9%) | $1,196 | $1,478 | $30,920 |
| 2 bedrooms | $1,011 | $949 | +$62 (+6.5%) | $1,381 | $1,761 | $40,440 |
| 3 bedrooms | $1,205 | $1,138 | +$67 (+5.9%) | $1,771 | $2,266 | $48,200 |
| 4 bedrooms | $1,690 | $1,322 | +$368 (+27.8%) | $2,054 | $2,607 | $67,600 |
How Henry County compares
- Henry County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Tennessee, 2-bedroom FMRs run from $995 (Weakley County) to $1,798 (Cannon County).
- Studio to 4-bedroom: $704, $773, $1,011, $1,205, $1,690. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 7 ZIP codes mostly in Henry County (by land area), the 2-bedroom figure ranges from $1,000 to $1,090.
Small Area FMRs by ZIP code in Henry County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 38222 | $720 | $760 | $1,000 | $1,190 | $1,660 | −$60 (−5.7%) | 1% below |
| 38224 | $720 | $770 | $1,010 | $1,210 | $1,660 | +$80 (+8.6%) | about the same as |
| 38231 | $690 | $760 | $1,000 | $1,190 | $1,660 | +$40 (+4.2%) | 1% below |
| 38236 | $740 | $780 | $1,010 | $1,260 | $1,590 | +$20 (+2.0%) | about the same as |
| 38242 | $720 | $790 | $1,030 | $1,230 | $1,720 | +$70 (+7.3%) | 2% above |
| 38251 | $690 | $760 | $1,000 | $1,190 | $1,660 | +$70 (+7.5%) | 1% below |
| 38256 | $830 | $830 | $1,090 | $1,310 | $1,570 | −$120 (−9.9%) | 8% above |
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).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
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.