Tennessee · FIPS 47141 · HUD FY 2027
Putnam County, Tennessee Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Putnam County is $1,102 a month (rent plus utilities), 20% below the Tennessee average of $1,381 and 37% below the U.S. average of $1,761. That is up $88 (8.7%) from FY 2026. At 30% of income, a household needs about $44,080 a year to afford it.
- $1,1022-bedroom FMR+$88 (+8.7%) vs FY 2026
- $8871-bedroom FMRTennessee: $1,196 · U.S.: $1,478
- $44,080Income for a 2-bedroom$21/hour full-time
- 38 of 952BR rank in Tennessee1 = highest rent
| Unit | Putnam County FY 2027 | FY 2026 | Change | Tennessee avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $799 | $752 | +$47 (+6.2%) | $1,141 | $1,379 | $31,960 |
| 1 bedroom | $887 | $818 | +$69 (+8.4%) | $1,196 | $1,478 | $35,480 |
| 2 bedrooms | $1,102 | $1,014 | +$88 (+8.7%) | $1,381 | $1,761 | $44,080 |
| 3 bedrooms | $1,502 | $1,409 | +$93 (+6.6%) | $1,771 | $2,266 | $60,080 |
| 4 bedrooms | $1,564 | $1,557 | +$7 (+0.4%) | $2,054 | $2,607 | $62,560 |
How Putnam County compares
- Putnam 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: $799, $887, $1,102, $1,502, $1,564. 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 8 ZIP codes mostly in Putnam County (by land area), the 2-bedroom figure ranges from $1,000 to $1,250.
Small Area FMRs by ZIP code in Putnam County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 38501 | $810 | $900 | $1,120 | $1,530 | $1,590 | +$80 (+7.7%) | 2% above |
| 38503 | $800 | $890 | $1,100 | $1,500 | $1,560 | +$90 (+8.9%) | about the same as |
| 38505 | $810 | $900 | $1,120 | $1,530 | $1,590 | +$80 (+7.7%) | 2% above |
| 38506 | $910 | $1,000 | $1,250 | $1,680 | $1,780 | +$100 (+8.7%) | 13% above |
| 38544 | $800 | $880 | $1,100 | $1,490 | $1,570 | +$140 (+14.6%) | about the same as |
| 38548 | $750 | $810 | $1,030 | $1,360 | $1,440 | +$80 (+8.4%) | 7% below |
| 38574 | $740 | $790 | $1,000 | $1,320 | $1,410 | +$70 (+7.5%) | 9% below |
| 38582 | $720 | $800 | $1,000 | $1,350 | $1,430 | +$70 (+7.5%) | 9% 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).
- 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.