FY2026 Fair Market Rents — Smith County
Studio
$796
1BR
$801
2BR
$1,051
3BR
$1,368
4BR
$1,392
Smith County, Tennessee
FIPS 47159 · County-level FMR and income limit data
FMR Area: Smith County, TN HUD Metro FMR Area
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $796 | $9,552 |
| 1-Bedroom | $801 | $9,612 |
| 2-Bedroom | $1,051 | $12,612 |
| 3-Bedroom | $1,368 | $16,416 |
| 4-Bedroom | $1,392 | $16,704 |
To afford the FY2026 2-bedroom FMR of $1,051/mo under the 30%-of-income rule, a household needs about
$42,040/yr ($3,503/mo). Area Median Income is $85,900.
At TN's federal minimum wage of $7.25/hr, a worker would need to work 112 hours/week to afford that rent.
Recent FMR Trend
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $796 | $801 | $1,051 | $1,368 | $1,392 |
| FY2025 | $793 | $798 | $1,047 | $1,383 | $1,388 |
| FY2024 | $619 | $691 | $908 | $1,209 | $1,214 |
| FY2023 | $546 | $614 | $808 | $1,051 | $1,121 |
| FY2022 | $486 | $551 | $725 | $920 | $1,043 |
| FY2021 | $494 | $546 | $720 | $908 | $1,074 |
| FY2020 | $525 | $528 | $696 | $867 | $1,086 |
FY2026 Income Limits
Area Median Income: $85,900
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $18,050 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $30,100 | $34,400 | $38,700 | $42,950 | $46,400 | $49,850 |
| 80% AMI | $48,100 | $55,000 | $61,850 | $68,700 | $74,200 | $79,700 |