Smith County, TN

2025 Fair Market Rents

Tags: 2025 Smith County, TN HUD Metro FMR Area

Return to the state page to see where Tennessee ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Smith County are Lebanon, Watertown, Gordonsville, and Brush Creek. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Smith County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Smith County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Smith County compare?

Smith County ($1,047) has a 6.5% lower FMR for 2-Bedroom housing than the average of Tennessee ($1,120) and therefore has a lower gross rent.

Smith County is rank 36th out of 95 counties. This means the FMRs, or in other words, the gross rent is higher than 59 other counties. Smith County is the 36th most expensive county in terms of FMRs.

Rent Tables Smith County, TN

Fair Market Rent (40th Percentile)

$793
studio
$798
1-Bedroom
$1,047
2-Bedroom
$1,383
3-Bedroom
$1,388
4-Bedroom

Median Rent (50th Percentile)

$851
studio
$857
1-Bedroom
$1,124
2-Bedroom
$1,485
3-Bedroom
$1,490
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
37087 $1,270 $1,310 $1,460 $1,840 $2,250
37184 $1,270 $1,300 $1,460 $1,840 $2,240
37087 $1,270 $1,310 $1,460 $1,840 $2,250
37151 $900 $920 $1,110 $1,430 $1,590
37184 $1,270 $1,300 $1,460 $1,840 $2,240
38547 $730 $730 $960 $1,270 $1,270
38552 $800 $800 $1,050 $1,390 $1,390
38560 $790 $790 $1,040 $1,370 $1,380
38563 $810 $820 $1,070 $1,410 $1,420
37184 $1,270 $1,300 $1,460 $1,840 $2,240
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
37087 $1,143 $1,179 $1,314 $1,656 $2,025
37184 $1,143 $1,170 $1,314 $1,656 $2,016
37087 $1,143 $1,179 $1,314 $1,656 $2,025
37151 $810 $828 $999 $1,287 $1,431
37184 $1,143 $1,170 $1,314 $1,656 $2,016
38547 $657 $657 $864 $1,143 $1,143
38552 $720 $720 $945 $1,251 $1,251
38560 $711 $711 $936 $1,233 $1,242
38563 $729 $738 $963 $1,269 $1,278
37184 $1,143 $1,170 $1,314 $1,656 $2,016
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
37087 $1,397 $1,441 $1,606 $2,024 $2,475
37184 $1,397 $1,430 $1,606 $2,024 $2,464
37087 $1,397 $1,441 $1,606 $2,024 $2,475
37151 $990 $1,012 $1,221 $1,573 $1,749
37184 $1,397 $1,430 $1,606 $2,024 $2,464
38547 $803 $803 $1,056 $1,397 $1,397
38552 $880 $880 $1,155 $1,529 $1,529
38560 $869 $869 $1,144 $1,507 $1,518
38563 $891 $902 $1,177 $1,551 $1,562
37184 $1,397 $1,430 $1,606 $2,024 $2,464

Fair Market Rents on this page apply to the following cities in Smith County, Tennessee: Lebanon, Watertown, Gordonsville, Brush Creek, Elmwood, Riddleton, and Chestnut Mound.

These Fair Market Rents also apply to the following ZIP codes in Smith County, Tennessee: 37087, 37184, 38563, 38547, 38560, 37151, and 38552.

Smith County, TN is considered part of the following metro FMR area: SMITH COUNTY, TN HUD METRO FMR AREA.

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Fair Market Rents are published by the Department of Housing And Urban Development.