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RentData.org Logo Wayne County Fair Market Rent FY 2017 Wayne County, TN Rental Data

Fair Market Rent Prices in Wayne County, TN :
$444 $462 $608 $761 $838
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Non-Metro

Fair Market Rent prices in Wayne County are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Wayne County is $608 per month.

The previous year, rent for a two-bedroom home was $586 per month. This is a 3.75% increase year-over-year.

This FMR rate applies to Lutts, TN, Cypress Inn, TN, Collinwood, TN and other cities within the region. The Metro Code or CBSA code for this region is NCNTY47181N47181.

Additionally, This Fair Market Rent (FMR) area Wayne County, TN spans one county or city in Tennessee which is listed in the table below. Estimated population of Wayne County, TN FMR area is 17,021 people based on latest Census data.

Compared to the rest of Tennessee, the Wayne County FMR area is less expensive than 99% 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 Wayne County. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Wayne 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 $ 444
1-BR 1-Bedroom $ 462
2-BR 2-Bedroom $ 608
3-BR 3-Bedroom $ 761
4-BR 4-Bedroom $ 838
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 Wayne County, TN FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Nashville.

County / Region Est. Population
Wayne County, TN 17,021
Zip Codes in Wayne County, TN

There are 3 unique zip codes in this Fair Market Rent (FMR) area:

38450, 38452 and 38471

Lookup Fair Market Rent by Zip Code

What's Next?

Here are some additional resources you may also be interested in:

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