FY2026 Fair Market Rents — Wayne County
Studio
$700
1BR
$705
2BR
$925
3BR
$1,109
4BR
$1,289
Wayne County, Tennessee
FIPS 47181 · County-level FMR and income limit data
FMR Area: Wayne 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 | $1,109 | $13,308 |
| 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 $70,700.
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 | $1,109 | $1,289 |
| FY2025 | $681 | $685 | $899 | $1,083 | $1,192 |
| FY2024 | $651 | $655 | $861 | $1,043 | $1,147 |
| FY2023 | $609 | $620 | $747 | $970 | $1,051 |
| FY2022 | $547 | $579 | $676 | $936 | $979 |
| FY2021 | $514 | $556 | $663 | $898 | $980 |
| FY2020 | $492 | $515 | $649 | $829 | $969 |
FY2026 Income Limits
Area Median Income: $70,700
| Income Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI | $16,400 | $21,640 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI | $27,300 | $31,200 | $35,100 | $39,000 | $42,150 | $45,250 |
| 80% AMI | $43,700 | $49,950 | $56,200 | $62,400 | $67,400 | $72,400 |