Tennessee · FIPS 47143 · HUD FY 2027
Rhea County, Tennessee Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Rhea County is $1,059 a month (rent plus utilities), 23% below the Tennessee average of $1,381 and 40% below the U.S. average of $1,761. That is up $134 (14.5%) from FY 2026. At 30% of income, a household needs about $42,360 a year to afford it.
- $1,0592-bedroom FMR+$134 (+14.5%) vs FY 2026
- $8101-bedroom FMRTennessee: $1,196 · U.S.: $1,478
- $42,360Income for a 2-bedroom$20/hour full-time
- 45 of 952BR rank in Tennessee1 = highest rent
| Unit | Rhea County FY 2027 | FY 2026 | Change | Tennessee avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $804 | $700 | +$104 (+14.9%) | $1,141 | $1,379 | $32,160 |
| 1 bedroom | $810 | $705 | +$105 (+14.9%) | $1,196 | $1,478 | $32,400 |
| 2 bedrooms | $1,059 | $925 | +$134 (+14.5%) | $1,381 | $1,761 | $42,360 |
| 3 bedrooms | $1,272 | $1,220 | +$52 (+4.3%) | $1,771 | $2,266 | $50,880 |
| 4 bedrooms | $1,392 | $1,225 | +$167 (+13.6%) | $2,054 | $2,607 | $55,680 |
How Rhea County compares
- Rhea 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: $804, $810, $1,059, $1,272, $1,392. 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 4 ZIP codes mostly in Rhea County (by land area), the 2-bedroom figure ranges from $1,010 to $1,580.
Small Area FMRs by ZIP code in Rhea County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 37321 | $820 | $830 | $1,080 | $1,300 | $1,480 | +$150 (+16.1%) | 2% above |
| 37332 | $1,200 | $1,210 | $1,580 | $1,900 | $2,080 | +$190 (+13.7%) | 49% above |
| 37337 | $780 | $790 | $1,020 | $1,300 | $1,380 | +$70 (+7.4%) | 4% below |
| 37381 | $760 | $770 | $1,010 | $1,210 | $1,330 | +$80 (+8.6%) | 5% 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.