What is the Fair Market Rent for a 2-bedroom in Grainger County, TN HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Grainger County, TN HUD Metro FMR Area is $689 per month for fiscal year 2021. The studio FMR is $481, 1-bedroom is $575, 3-bedroom is $924, and 4-bedroom is $934.

What income do you need to afford the FMR in Grainger County, TN HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $27,560 per year ($2,297 per month) to afford the FY2021 2-bedroom Fair Market Rent of $689 in Grainger County, TN HUD Metro FMR Area.

FY2021 Fair Market Rents — Grainger County, TN HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2021 in this area are:

Studio

$481

1BR

$575

2BR

$689

3BR

$924

4BR

$934

Hours/week at min wage

74 hrs

to afford the 2BR FMR @ $7.25/hr (federal)

National rank

#599

of 632 U.S. metros (top 96% most expensive)

YoY change (2BR)

-2.5%

$18 vs FY2020

Voucher payment standard

$620–$758

PHAs set HCV payment at 90–110% of the 2BR FMR

Grainger County, TN HUD Metro FMR Area

Metropolitan area · TN · View full history · Income limits · LIHTC rents

FY2021 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$481	$5,772
1-Bedroom	$575	$6,900
2-Bedroom	$689	$8,268
3-Bedroom	$924	$11,088
4-Bedroom	$934	$11,208

Recent 2-Bedroom FMR Trend

FY2017 $608 → FY2021 $689

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2021	$481	$575	$689	$924	$934
FY2020	$487	$621	$707	$931	$958
FY2019	$427	$554	$637	$842	$861
FY2018	$403	$503	$613	$832	$835
FY2017	$389	$460	$608	$854	$894

View full FMR history back to FY2000 →

FY2021 Income Limits

Area Median Income (AMI): $53,800

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$12,880	$17,420	$21,960	$26,500	$30,500	$32,750
50% AMI (Very Low)	$19,750	$22,600	$25,400	$28,200	$30,500	$32,750
80% AMI (Low)	$31,600	$36,100	$40,600	$45,100	$48,750	$52,350

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$8,268/yr

FMR as % of Area Median Income

15.4% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$27,560/yr

$2,297/mo gross income

FY2021 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$470	$538	$605	$726	$780
60% AMI Maximum	$564	$645	$726	$871	$936

FY2021 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$481	$575	$689	$874	$874
Low HOME Rent	$493	$565	$635	$705	$762

Compare Grainger County, TN HUD Metro FMR Area With Other TN Metros

vs. Campbell County, TN HUD Metro FMR Area vs. Cleveland, TN MSA vs. Crockett County, TN HUD Metro FMR Area vs. Gibson County, TN HUD Metro FMR Area vs. Grainger County, TN HUD Metro FMR Area