FY2027 Small Area FMR · Jackson, TN
ZIP 38305 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 38305 (Jackson, TN) is $1,500 a month, up 4.9% from FY2026. That is 9% above the Jackson, TN area-wide FMR of $1,375.
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 38305 sits in the Jackson, TN area
Of the 27 ZIP codes HUD lists for the area, 38305 has the 1st highest two-bedroom Small Area FMR. Jackson, 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 $1,375 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,500 for this ZIP code instead.
ZIP code 38305 crosses more than one HUD area. HUD also lists it under Carroll 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 | $1,040 | $936 – $1,144 | $957 | $990 |
| 1 bedroom | $1,150 | $1,035 – $1,265 | $1,051 | $1,090 |
| 2 bedrooms | $1,500 | $1,350 – $1,650 | $1,375 | $1,430 |
| 3 bedrooms | $1,890 | $1,701 – $2,079 | $1,730 | $1,900 |
| 4 bedrooms | $2,070 | $1,863 – $2,277 | $1,898 | $2,000 |
A household renting a two-bedroom home at the Small Area FMR of $1,500 needs about $60,000 a year to keep housing costs at 30% of income. The area median family income is $79,500 and the 80% low-income limit for four people is $63,600. ZIP code 38305 lies mainly in Madison County and Carroll County. See the Jackson, TN metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 38305?
HUD's FY2027 Small Area Fair Market Rents for 38305 are $1,040 (studio), $1,150 (1 BR), $1,500 (2 BR), $1,890 (3 BR) and $2,070 (4 BR) a month.
What is the Section 8 payment standard in 38305?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 38305 that range is $1,350 to $1,650 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 38305?
The FY2026 income limits of the Jackson, TN area apply: median family income $79,500, low-income (80%) limit $63,600 for a family of four.