Fair Market Rent · Tennessee
Fair Market Rent in Franklin 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 Franklin County is $1,060 a month, +8.2% from FY2026. Franklin County is part of the Franklin County, TN (a non-metro county 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 | $805 | $742 | +8.5% | $724–886 |
| 1 bedroom | $810 | $747 | +8.4% | $729–891 |
| 2 bedrooms | $1,060 | $980 | +8.2% | $954–1,166 |
| 3 bedrooms | $1,403 | $1,307 | +7.3% | $1,263–1,543 |
| 4 bedrooms | $1,772 | $1,622 | +9.2% | $1,595–1,949 |
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 Franklin 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 |
|---|---|---|---|---|
| 37306 | Belvidere | $1,150 | $797 | $771 |
| 37318 | Cowan | $1,000 | $760 | $781 |
| 37324 | Decherd | $1,020 | $853 | $869 |
| 37330 | Estill Springs | $1,130 | $788 | $909 |
| 37345 | Huntland | $1,300 | – | $1,076 |
| 37375 | Sewanee | $1,570 | $1,094 | $1,234 |
| 37376 | Sherwood | $1,180 | – | – |
| 37383 | Sewanee | $1,570 | – | – |
| 37398 | Winchester | $1,080 | $934 | $944 |
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.