Tennessee · FIPS 47167 · HUD FY 2027
Tipton County, Tennessee Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Tipton County is $1,301 a month (rent plus utilities), 6% below the Tennessee average of $1,381 and 26% below the U.S. average of $1,761. That is up $27 (2.1%) from FY 2026. At 30% of income, a household needs about $52,040 a year to afford it.
- $1,3012-bedroom FMR+$27 (+2.1%) vs FY 2026
- $1,1911-bedroom FMRTennessee: $1,196 · U.S.: $1,478
- $52,040Income for a 2-bedroom$25/hour full-time
- 23 of 952BR rank in Tennessee1 = highest rent
| Unit | Tipton County FY 2027 | FY 2026 | Change | Tennessee avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,095 | $1,060 | +$35 (+3.3%) | $1,141 | $1,379 | $43,800 |
| 1 bedroom | $1,191 | $1,154 | +$37 (+3.2%) | $1,196 | $1,478 | $47,640 |
| 2 bedrooms | $1,301 | $1,274 | +$27 (+2.1%) | $1,381 | $1,761 | $52,040 |
| 3 bedrooms | $1,717 | $1,683 | +$34 (+2.0%) | $1,771 | $2,266 | $68,680 |
| 4 bedrooms | $1,981 | $1,959 | +$22 (+1.1%) | $2,054 | $2,607 | $79,240 |
How Tipton County compares
- HUD sets this rent for the Memphis, TN-MS-AR metro FMR area, which covers 1,262,560 residents in 5 counties.
- Across Tennessee, 2-bedroom FMRs run from $995 (Weakley County) to $1,798 (Cannon County).
- Studio to 4-bedroom: $1,095, $1,191, $1,301, $1,717, $1,981. 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 Tipton County (by land area), the 2-bedroom figure ranges from $1,000 to $1,420.
Small Area FMRs by ZIP code in Tipton County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 38004 | $1,190 | $1,300 | $1,420 | $1,870 | $2,160 | −$50 (−3.4%) | 9% above |
| 38011 | $930 | $1,020 | $1,110 | $1,470 | $1,690 | −$20 (−1.8%) | 15% below |
| 38015 | $840 | $910 | $1,000 | $1,310 | $1,510 | −$60 (−5.7%) | 23% below |
| 38019 | $860 | $930 | $1,020 | $1,350 | $1,550 | −$40 (−3.8%) | 22% below |
| 38023 | $1,050 | $1,140 | $1,250 | $1,650 | $1,900 | −$50 (−3.8%) | 4% below |
| 38058 | $1,030 | $1,120 | $1,220 | $1,610 | $1,860 | no change | 6% below |
| 72338 | $770 | $850 | $1,000 | $1,290 | $1,460 | −$60 (−5.7%) | 23% 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.