FY2026 Fair Market Rents — Morgan County
Studio
$748
1BR
$753
2BR
$988
3BR
$1,303
4BR
$1,308
Morgan County, Tennessee
FIPS 47129 · County-level FMR and income limit data
FMR Area: Morgan County, TN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $748 | $8,976 |
| 1-Bedroom | $753 | $9,036 |
| 2-Bedroom | $988 | $11,856 |
| 3-Bedroom | $1,303 | $15,636 |
| 4-Bedroom | $1,308 | $15,696 |
To afford the FY2026 2-bedroom FMR of $988/mo under the 30%-of-income rule, a household needs about
$39,520/yr ($3,293/mo). Area Median Income is $82,500.
At TN's federal minimum wage of $7.25/hr, a worker would need to work 105 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $748 | $753 | $988 | $1,303 | $1,308 |
| FY2025 | $731 | $736 | $965 | $1,275 | $1,279 |
| FY2024 | $651 | $655 | $861 | $1,142 | $1,147 |
| FY2023 | $605 | $609 | $801 | $1,112 | $1,116 |
| FY2022 | $521 | $541 | $712 | $1,011 | $1,126 |
| FY2021 | $478 | $520 | $685 | $945 | $1,186 |
| FY2020 | $495 | $545 | $718 | $966 | $1,261 |
FY2026 Income Limits
Area Median Income: $82,500
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $17,350 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $28,900 | $33,000 | $37,150 | $41,250 | $44,550 | $47,850 |
| 80% AMI | $46,200 | $52,800 | $59,400 | $66,000 | $71,300 | $76,600 |