Fair Market Rent in Tipton County, TN

FY2027 HUD figures, effective October 1, 2026, plus what renters pay by ZIP code.

$1,095studio

$1,1911 bedroom

$1,3012 bedrooms

$1,7173 bedrooms

$1,9814 bedrooms

HUD's FY2027 Fair Market Rent for a 2-bedroom home in Tipton County is $1,301 a month, +2.1% from FY2026. Tipton 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 Tipton 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
38004	Atoka	$1,420	$921	$1,243
38011	Brighton	$1,110	$862	$994
38015	Burlison	$1,000	$880	$906
38019	Covington	$1,020	$909	$936
38023	Drummonds	$1,250	$1,027	$1,076
38058	Munford	$1,220	$834	$1,109
72338	Frenchmans Bayou	$1,000	–	–

Check a rent All of Tennessee

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.