FY2027 Small Area FMR · Cookeville, TN
ZIP 38501 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 38501 (Cookeville, TN) is $1,120 a month, up 7.7% from FY2026. That is 13% above the Jackson 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 38501 sits in the Jackson County, TN area
Of the 11 ZIP codes HUD lists for the area, 38501 has the 3rd highest two-bedroom Small Area FMR. Jackson 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 $1,120 for this ZIP code instead.
ZIP code 38501 crosses more than one HUD area. HUD also lists it under Overton County, TN (same figures) and Putnam 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 | $756 | $770 |
| 1 bedroom | $900 | $810 – $990 | $761 | $840 |
| 2 bedrooms | $1,120 | $1,008 – $1,232 | $995 | $1,040 |
| 3 bedrooms | $1,530 | $1,377 – $1,683 | $1,360 | $1,440 |
| 4 bedrooms | $1,590 | $1,431 – $1,749 | $1,365 | $1,590 |
A household renting a two-bedroom home at the Small Area FMR of $1,120 needs about $44,800 a year to keep housing costs at 30% of income. The area median family income is $75,400 and the 80% low-income limit for four people is $62,400. ZIP code 38501 lies mainly in Putnam County, Jackson County and Overton County. See the Jackson 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 38501?
HUD's FY2027 Small Area Fair Market Rents for 38501 are $810 (studio), $900 (1 BR), $1,120 (2 BR), $1,530 (3 BR) and $1,590 (4 BR) a month.
What is the Section 8 payment standard in 38501?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 38501 that range is $1,008 to $1,232 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 38501?
The FY2026 income limits of the Jackson County, TN area apply: median family income $75,400, low-income (80%) limit $62,400 for a family of four.