Smith County fair market rent FY 2027Tennessee, HUD studio to 4 bedrooms
HUD's FY 2027 Fair Market Rent for a two-bedroom home in Smith County, Tennessee is $1,146 a month, effective October 1, 2026: $870 for a studio, $876 for one bedroom, $1,407 for three and $1,506 for four. It is set for the Smith County, TN HUD Metro FMR Area. The FY 2026 two-bedroom FMR was $1,051 (+9.0%).
Smith County Fair Market Rents by bedrooms
| Bedrooms | FY 2027 | FY 2026 | Change | Payment standard basic range |
|---|---|---|---|---|
| Studio | $870 | $796 | +9.3% | $783 to $957 |
| 1 bedroom | $876 | $801 | +9.4% | $788 to $963 |
| 2 bedrooms | $1,146 | $1,051 | +9.0% | $1,031 to $1,260 |
| 3 bedrooms | $1,407 | $1,368 | +2.9% | $1,266 to $1,547 |
| 4 bedrooms | $1,506 | $1,392 | +8.2% | $1,355 to $1,656 |
Monthly gross rent (rent plus tenant-paid utilities except telephone). FY 2027 runs October 1, 2026 to September 30, 2027. The payment standard basic range is 90 to 110 percent of the FMR (24 CFR 982.503(c)); the local housing agency sets the actual payment standard.
How Smith County compares
Smith County's two-bedroom FMR of $1,146 is the 34th highest of 95 counties in Tennessee, where the county median is $1,048 and the range $995 to $1,798. Across all 3,144 US counties the median two-bedroom FMR is $1,071; Smith County ranks 1259th.
Small Area FMRs and ZIP codes
HUD also publishes Small Area FMRs by ZIP code for metropolitan areas. For the Smith County, TN HUD Metro FMR Area it lists 15 ZIP codes, with two-bedroom Small Area FMRs from $1,000 to $1,700. This area is not one of HUD's designated Small Area FMR areas, so agencies use the area-wide FMR above unless they opt in.
Look up any ZIP code: fair market rent by ZIP code.
Fair market rents in nearby counties
All Tennessee counties · Fair market rents in every state
More for Smith County
- Smith County loan limitsThis year's FHFA conforming, FHA and VA county loan limits for 1 to 4 unit homes, from FHFA's and HUD's official files.
- Smith County property tax rateEffective property tax rate from Census survey data: median taxes paid against median home value, ranked in the state.
- Title insurance premium calculatorOwner's and lender's policy premiums from the official rate schedules of Texas, Florida, Pennsylvania and New York.
- Seller net sheet and closing costsNet proceeds after the payoff, commission, transfer taxes, title premiums and recording fees.
- Real estate transfer tax calculatorDeed transfer taxes for New York, Florida, Pennsylvania, Illinois, the Carolinas, Arkansas, Texas and Arizona.
- Flood zone lookupThe FEMA flood zone mapped at any US address. A screening check, not an official flood zone determination.
Check a Smith County property
HeritageDeed does not search title records in Smith County yet; the counties it covers are listed under title search coverage, where a title report is $49 per report. For any US address, the Environmental Records Report lists Superfund, hazardous waste, leaking tank and brownfield sites nearby, with the flood zone.
Questions about Smith County fair market rent
What is the fair market rent in Smith County for FY 2027?
$870 for a studio, $876 for one bedroom, $1,146 for two, $1,407 for three and $1,506 for four bedrooms a month. FY 2027 runs from October 1, 2026 to September 30, 2027.
What was the fair market rent in Smith County for FY 2026?
$796 for a studio, $801 for one bedroom, $1,051 for two, $1,368 for three and $1,392 for four bedrooms (FY 2026, October 1, 2025 to September 30, 2026).
What is the Section 8 voucher amount for a 2 bedroom in Smith County?
The housing agency sets a payment standard, usually within the basic range of 90 to 110 percent of the FMR: $1,031 to $1,260 for two bedrooms here. The voucher then pays the lower of the payment standard or the gross rent, minus the family's total tenant payment, usually 30 percent of adjusted monthly income (24 CFR 982.505 and 5.628). The local housing agency publishes its own schedule.
Does fair market rent include utilities?
Yes. HUD's rule defines Fair Market Rents as "estimates of rent plus the cost of utilities, except telephone", set at the 40th percentile of rents for standard-quality units rented by recent movers (24 CFR 888.113).
Is Smith County's fair market rent high for Tennessee?
$1,146 for two bedrooms ranks 34th of 95 counties in Tennessee; the state's county median is $1,048 (range $995 to $1,798) and the national county median is $1,071.
Legal references
- 24 CFR 888.113, Fair market rents for existing housing: methodology
- 24 CFR 982.503, Voucher tenancy: payment standard amount and schedule
- 24 CFR 982.505, How to calculate housing assistance payment
JSON: /api/data/fair-market-rent/tennessee/smith-county. Fair Market Rents are HUD program figures, not an appraisal of any unit's rent.