FY2026 Fair Market Rents — Jefferson County
Studio
$881
1BR
$887
2BR
$1,135
3BR
$1,444
4BR
$1,827
Jefferson County, Tennessee
FIPS 47089 · County-level FMR and income limit data
FMR Area: Morristown, TN MSA
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $881 | $10,572 |
| 1-Bedroom | $887 | $10,644 |
| 2-Bedroom | $1,135 | $13,620 |
| 3-Bedroom | $1,444 | $17,328 |
| 4-Bedroom | $1,827 | $21,924 |
To afford the FY2026 2-bedroom FMR of $1,135/mo under the 30%-of-income rule, a household needs about
$45,400/yr ($3,783/mo). Area Median Income is $80,100.
At TN's federal minimum wage of $7.25/hr, a worker would need to work 121 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $881 | $887 | $1,135 | $1,444 | $1,827 |
| FY2025 | $820 | $825 | $1,069 | $1,402 | $1,751 |
| FY2024 | $787 | $792 | $1,023 | $1,375 | $1,653 |
| FY2023 | $632 | $636 | $828 | $1,132 | $1,298 |
| FY2022 | $577 | $581 | $763 | $1,054 | $1,128 |
| FY2021 | $568 | $571 | $753 | $1,028 | $1,032 |
| FY2020 | $557 | $560 | $738 | $996 | $1,000 |
FY2026 Income Limits
Area Median Income: $80,100
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,850 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $28,050 | $32,050 | $36,050 | $40,050 | $43,300 | $46,500 |
| 80% AMI | $44,900 | $51,300 | $57,700 | $64,100 | $69,250 | $74,400 |