FY2026 Fair Market Rents — Chester County
Studio
$869
1BR
$960
2BR
$1,260
3BR
$1,677
4BR
$1,758
Chester County, Tennessee
FIPS 47023 · County-level FMR and income limit data
FMR Area: Jackson, TN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $869 | $10,428 |
| 1-Bedroom | $960 | $11,520 |
| 2-Bedroom | $1,260 | $15,120 |
| 3-Bedroom | $1,677 | $20,124 |
| 4-Bedroom | $1,758 | $21,096 |
To afford the FY2026 2-bedroom FMR of $1,260/mo under the 30%-of-income rule, a household needs about
$50,400/yr ($4,200/mo). Area Median Income is $79,500.
At TN's federal minimum wage of $7.25/hr, a worker would need to work 134 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $869 | $960 | $1,260 | $1,677 | $1,758 |
| FY2025 | $848 | $942 | $1,236 | $1,667 | $1,674 |
| FY2024 | $771 | $866 | $1,138 | $1,558 | $1,563 |
| FY2023 | $627 | $712 | $937 | $1,269 | $1,274 |
| FY2022 | $561 | $651 | $845 | $1,160 | $1,165 |
| FY2021 | $549 | $661 | $832 | $1,147 | $1,152 |
| FY2020 | $516 | $648 | $792 | $1,129 | $1,133 |
FY2026 Income Limits
Area Median Income: $79,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,700 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $27,850 | $31,800 | $35,800 | $39,750 | $42,950 | $46,150 |
| 80% AMI | $44,550 | $50,900 | $57,250 | $63,600 | $68,700 | $73,800 |