FY2027 Small Area FMR · Chestnut Mound, TN

ZIP 38552 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 38552 (Chestnut Mound, TN) is $1,150 a month, up 9.5% from FY2026. That is 0% equal to the Smith County, TN area-wide FMR of $1,146.

2-bedroom SAFMR$1,150per month ▲ 9.5%

Area-wide 2 BR FMR$1,146Smith County, TN

Rank in the area8thof 15 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,035

2 BR Small Area FMR$1,150

110% of SAFMR$1,265

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$870▲ 10.1%

1 BR$880▲ 10.0%

2 BR$1,150▲ 9.5%

3 BR$1,410▲ 2.9%

4 BR$1,510▲ 8.6%

FY2027 FY2026

Where 38552 sits in the Smith County, TN area

Of the 15 ZIP codes HUD lists for the area, 38552 has the 8th highest two-bedroom Small Area FMR. Smith 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 $1,146 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,150 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$870	$783 – $957	$870	$790
1 bedroom	$880	$792 – $968	$876	$800
2 bedrooms	$1,150	$1,035 – $1,265	$1,146	$1,050
3 bedrooms	$1,410	$1,269 – $1,551	$1,407	$1,370
4 bedrooms	$1,510	$1,359 – $1,661	$1,506	$1,390

A household renting a two-bedroom home at the Small Area FMR of $1,150 needs about $46,000 a year to keep housing costs at 30% of income. The area median family income is $85,900 and the 80% low-income limit for four people is $68,700. ZIP code 38552 lies mainly in Smith County. See the Smith County, TN county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
38560	Elmwood	2.4 mi	$1,000
38548	Buffalo Valley	3.9 mi	$1,030
38564	Granville	5.9 mi	$1,010
37030	Carthage	8.1 mi	$1,190
38545	Bloomington Springs	8.5 mi	$1,030
38567	Hickman	8.6 mi	$1,020

Questions

What is the Fair Market Rent for ZIP code 38552?

HUD's FY2027 Small Area Fair Market Rents for 38552 are $870 (studio), $880 (1 BR), $1,150 (2 BR), $1,410 (3 BR) and $1,510 (4 BR) a month.

What is the Section 8 payment standard in 38552?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 38552 that range is $1,035 to $1,265 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 38552?

The FY2026 income limits of the Smith County, TN area apply: median family income $85,900, low-income (80%) limit $68,700 for a family of four.