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RentData.org Logo Smith County Fair Market Rent FY 2021 Smith County, TN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Smith County, TN :
$494 $546 $720 $908 $1,074
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Smith County are very low compared to the national average. This FMR area is less expensive than 77% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Smith County is $720 per month.

The previous year, rent for a two-bedroom home was $696 per month. This is a 3.45% increase year-over-year.

This FMR rate applies to Riddleton, TN, Chestnut Mound, TN, Elmwood, TN, Brush Creek, TN, Gordonsville, TN, Watertown, TN, Lebanon, TN and other cities within the region. The Metro Code or CBSA code for this region is METRO34980N47159.

Additionally, This Fair Market Rent (FMR) area Smith County, TN HUD Metro FMR Area spans one county or city in Tennessee which is listed in the table below. Estimated population of Smith County, TN HUD Metro FMR Area FMR area is 19,280 people based on latest Census data.

Compared to the rest of Tennessee, the Smith County FMR area is more expensive than 63% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Smith County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Smith County

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 514
1-BR 1-Bedroom $ 569
2-BR 2-Bedroom $ 750
3-BR 3-Bedroom $ 946
4-BR 4-Bedroom $ 1119
Change Year:
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Smith County, TN HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Nashville.

County / Region Est. Population
Smith County, TN Metro 19,280
Zip Codes in Smith County, TN HUD Metro FMR Area

There are 7 unique zip codes in this Fair Market Rent (FMR) area:

37087, 37151, 37184, 38547, 38552, 38560 and 38563

Lookup Fair Market Rent by Zip Code

What's Next?

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