Fair Market Rent · Tennessee
Fair Market Rent in Fayette County, TN
FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.
HUD's FY2027 Fair Market Rent for a 2-bedroom home in Fayette County is $1,301 a month, +2.1% from FY2026. Fayette County is part of the Memphis, TN-MS-AR HUD Metro FMR Area (a metro area). HUD also publishes Small Area FMRs by ZIP code here; those can be higher or lower than the area-wide figure. See each ZIP code below.
Area-wide Fair Market Rents
| Size | FY2027 | FY2026 | Change | Typical voucher range (90–110%) |
|---|---|---|---|---|
| Studio | $1,095 | $1,060 | +3.3% | $986–1,204 |
| 1 bedroom | $1,191 | $1,154 | +3.2% | $1,072–1,310 |
| 2 bedrooms | $1,301 | $1,274 | +2.1% | $1,171–1,431 |
| 3 bedrooms | $1,717 | $1,683 | +2% | $1,545–1,889 |
| 4 bedrooms | $1,981 | $1,959 | +1.1% | $1,783–2,179 |
The voucher range is the typical band housing authorities use for payment standards; your housing authority sets the actual standard.
Rents by ZIP code in Fayette County
Open a ZIP code for every size, the spread of rents and nearby ZIP codes.
| ZIP | Place | 2-bedroom FMR (ZIP) | Census median, 2 bedrooms | Census median, all sizes |
|---|---|---|---|---|
| 38028 | Eads | $1,410 | – | $1,253 |
| 38036 | Gallaway | $1,780 | – | $686 |
| 38046 | La Grange | $1,000 | – | – |
| 38049 | Mason | $1,140 | $784 | $887 |
| 38057 | Moscow | $1,000 | $806 | $857 |
| 38060 | Oakland | $1,790 | $949 | $1,661 |
| 38066 | Rossville | $1,000 | $843 | $825 |
| 38068 | Somerville | $1,000 | $749 | $796 |
| 38076 | Williston | $1,130 | – | $738 |
Sources: HUD Fair Market Rents and Small Area Fair Market Rents, FY2027 (effective October 1, 2026) and FY2026; U.S. Census Bureau, 2020–2024 American Community Survey 5-year estimates (median gross rent by ZIP code). Fair Market Rents and Census figures include utilities. Not affiliated with HUD or the Census Bureau. About the data.