FY2027 Small Area FMR · Waverly, TN
ZIP 37185 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37185 (Waverly, TN) is $1,060 a month, up 6.0% from FY2026. That is 7% above the Houston County, TN area-wide FMR of $995.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 37185 sits in the Houston County, TN area
Of the 8 ZIP codes HUD lists for the area, 37185 has the 6th highest two-bedroom Small Area FMR. Houston County, TN is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $995 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,060 for this ZIP code instead.
ZIP code 37185 crosses more than one HUD area. HUD also lists it under Humphreys County, TN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $810 | $729 – $891 | $761 | $760 |
| 1 bedroom | $860 | $774 – $946 | $787 | $760 |
| 2 bedrooms | $1,060 | $954 – $1,166 | $995 | $1,000 |
| 3 bedrooms | $1,270 | $1,143 – $1,397 | $1,363 | $1,250 |
| 4 bedrooms | $1,460 | $1,314 – $1,606 | $1,636 | $1,400 |
A household renting a two-bedroom home at the Small Area FMR of $1,060 needs about $42,400 a year to keep housing costs at 30% of income. The area median family income is $82,900 and the 80% low-income limit for four people is $66,300. ZIP code 37185 lies mainly in Humphreys County and Houston County. See the Houston County, TN county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 37185?
HUD's FY2027 Small Area Fair Market Rents for 37185 are $810 (studio), $860 (1 BR), $1,060 (2 BR), $1,270 (3 BR) and $1,460 (4 BR) a month.
What is the Section 8 payment standard in 37185?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37185 that range is $954 to $1,166 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 37185?
The FY2026 income limits of the Houston County, TN area apply: median family income $82,900, low-income (80%) limit $66,300 for a family of four.