FY2027 Small Area FMR · Allons, TN
ZIP 38541 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 38541 (Allons, TN) is $1,260 a month, up 3.3% from FY2026. That is 27% above the Clay 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 38541 sits in the Clay County, TN area
Of the 8 ZIP codes HUD lists for the area, 38541 has the 1st highest two-bedroom Small Area FMR. Clay 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 $1,260 for this ZIP code instead.
ZIP code 38541 crosses more than one HUD area. HUD also lists it under Overton 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 | $960 | $864 – $1,056 | $756 | $940 |
| 1 bedroom | $1,000 | $900 – $1,100 | $761 | $960 |
| 2 bedrooms | $1,260 | $1,134 – $1,386 | $995 | $1,220 |
| 3 bedrooms | $1,610 | $1,449 – $1,771 | $1,360 | $1,600 |
| 4 bedrooms | $1,780 | $1,602 – $1,958 | $1,365 | $1,650 |
A household renting a two-bedroom home at the Small Area FMR of $1,260 needs about $50,400 a year to keep housing costs at 30% of income. The area median family income is $60,300 and the 80% low-income limit for four people is $62,400. ZIP code 38541 lies mainly in Overton County and Clay County. See the Clay 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 38541?
HUD's FY2027 Small Area Fair Market Rents for 38541 are $960 (studio), $1,000 (1 BR), $1,260 (2 BR), $1,610 (3 BR) and $1,780 (4 BR) a month.
What is the Section 8 payment standard in 38541?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 38541 that range is $1,134 to $1,386 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 38541?
The FY2026 income limits of the Clay County, TN area apply: median family income $60,300, low-income (80%) limit $62,400 for a family of four.