Smith County, TN

2024 Fair Market Rents

Tags: 2024 Smith County, TN HUD Metro FMR Area

On this Page:

Return to the state page to see where Tennessee ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Smith County are Lebanon, Watertown, Gordonsville, and Brush Creek. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Smith County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Smith County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Smith County compare?

Smith County ($908) has a 12.4% lower FMR for 2-Bedroom housing than the average of Tennessee ($1,036) and therefore has a lower gross rent.

Smith County is rank 47th out of 95 counties. This means the FMRs, or in other words, the gross rent is higher than 48 other counties. Smith County is the 47th most expensive county in terms of FMRs.

Rent Tables Smith County, TN

Fair Market Rent (40th Percentile)

$619
studio
$691
1-Bedroom
$908
2-Bedroom
$1,209
3-Bedroom
$1,214
4-Bedroom

Median Rent (50th Percentile)

$654
studio
$731
1-Bedroom
$960
2-Bedroom
$1,278
3-Bedroom
$1,283
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
37087 $1,150 $1,180 $1,330 $1,670 $2,030
37184 $1,100 $1,130 $1,270 $1,590 $1,960
37087 $1,150 $1,180 $1,330 $1,670 $2,030
37151 $750 $800 $980 $1,280 $1,390
37184 $1,100 $1,130 $1,270 $1,590 $1,960
38547 $590 $660 $860 $1,150 $1,150
38552 $620 $690 $910 $1,210 $1,220
38560 $610 $680 $900 $1,200 $1,200
38563 $700 $780 $1,030 $1,370 $1,380
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
37087 $1,035 $1,062 $1,197 $1,503 $1,827
37184 $990 $1,017 $1,143 $1,431 $1,764
37087 $1,035 $1,062 $1,197 $1,503 $1,827
37151 $675 $720 $882 $1,152 $1,251
37184 $990 $1,017 $1,143 $1,431 $1,764
38547 $531 $594 $774 $1,035 $1,035
38552 $558 $621 $819 $1,089 $1,098
38560 $549 $612 $810 $1,080 $1,080
38563 $630 $702 $927 $1,233 $1,242
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
37087 $1,265 $1,298 $1,463 $1,837 $2,233
37184 $1,210 $1,243 $1,397 $1,749 $2,156
37087 $1,265 $1,298 $1,463 $1,837 $2,233
37151 $825 $880 $1,078 $1,408 $1,529
37184 $1,210 $1,243 $1,397 $1,749 $2,156
38547 $649 $726 $946 $1,265 $1,265
38552 $682 $759 $1,001 $1,331 $1,342
38560 $671 $748 $990 $1,320 $1,320
38563 $770 $858 $1,133 $1,507 $1,518

Fair Market Rents on this page apply to the following cities in Smith County, Tennessee: Lebanon, Watertown, Gordonsville, Brush Creek, Elmwood, Riddleton, and Chestnut Mound.

These Fair Market Rents also apply to the following ZIP codes in Smith County, Tennessee: 37087, 37184, 38563, 38547, 38560, 37151, and 38552.

Smith County, TN is considered part of the following metro FMR area: SMITH COUNTY, TN HUD METRO FMR AREA.

More on Smith County, TN

Citation

Link to this Page:

Questions or Comments? Contact us

Data Source

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.