FY2027 Small Area FMR · Cedar Grove, TN
ZIP 38321 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 38321 (Cedar Grove, TN) is $1,000 a month, down 2.0% from FY2026. That is 1% above the Carroll 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 38321 sits in the Carroll County, TN area
Of the 18 ZIP codes HUD lists for the area, 38321 has the 9th highest two-bedroom Small Area FMR. Carroll 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 $1,000 for this ZIP code instead.
ZIP code 38321 crosses more than one HUD area. HUD also lists it under Henderson 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 | $760 | $684 – $836 | $761 | $790 |
| 1 bedroom | $830 | $747 – $913 | $788 | $810 |
| 2 bedrooms | $1,000 | $900 – $1,100 | $995 | $1,020 |
| 3 bedrooms | $1,240 | $1,116 – $1,364 | $1,234 | $1,290 |
| 4 bedrooms | $1,490 | $1,341 – $1,639 | $1,556 | $1,500 |
A household renting a two-bedroom home at the Small Area FMR of $1,000 needs about $40,000 a year to keep housing costs at 30% of income. The area median family income is $74,500 and the 80% low-income limit for four people is $62,400. ZIP code 38321 lies mainly in Carroll County and Henderson County. See the Carroll 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 38321?
HUD's FY2027 Small Area Fair Market Rents for 38321 are $760 (studio), $830 (1 BR), $1,000 (2 BR), $1,240 (3 BR) and $1,490 (4 BR) a month.
What is the Section 8 payment standard in 38321?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 38321 that range is $900 to $1,100 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 38321?
The FY2026 income limits of the Carroll County, TN area apply: median family income $74,500, low-income (80%) limit $62,400 for a family of four.