FY2026 Fair Market Rents — Meigs County
Studio
$700
1BR
$705
2BR
$925
3BR
$1,227
4BR
$1,289
Meigs County, Tennessee
FIPS 47121 · County-level FMR and income limit data
FMR Area: Meigs County, TN
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $700 | $8,400 |
| 1-Bedroom | $705 | $8,460 |
| 2-Bedroom | $925 | $11,100 |
| 3-Bedroom | $1,227 | $14,724 |
| 4-Bedroom | $1,289 | $15,468 |
To afford the FY2026 2-bedroom FMR of $925/mo under the 30%-of-income rule, a household needs about
$37,000/yr ($3,083/mo). Area Median Income is $84,000.
At TN's federal minimum wage of $7.25/hr, a worker would need to work 99 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $700 | $705 | $925 | $1,227 | $1,289 |
| FY2025 | $681 | $685 | $899 | $1,236 | $1,259 |
| FY2024 | $651 | $655 | $861 | $1,204 | $1,209 |
| FY2023 | $589 | $593 | $747 | $1,047 | $1,051 |
| FY2022 | $547 | $579 | $676 | $960 | $979 |
| FY2021 | $514 | $582 | $663 | $949 | $980 |
| FY2020 | $492 | $570 | $649 | $936 | $969 |
FY2026 Income Limits
Area Median Income: $84,000
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,650 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $29,400 | $33,600 | $37,800 | $42,000 | $45,400 | $48,750 |
| 80% AMI | $47,050 | $53,800 | $60,500 | $67,200 | $72,600 | $78,000 |