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2025 FMR And Section 8 Rents For Smith County TN

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of smith-county, TN.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
48083$619$691$908$1209$1214
48094$620$691$910$1210$1220
48088$1350$1380$1560$1960$2380
48093$619$691$908$1209$1214
48101$620$691$910$1210$1220
48085$1150$1180$1330$1670$2030
48097$700$780$1030$1370$1380
48096$619$691$908$1209$1214
48084$1100$1130$1270$1590$1960
48089$619$691$908$1209$1214
48095$620$691$910$1210$1220
48091$750$800$980$1280$1390
48082$1100$1130$1270$1590$1960
48092$1100$1130$1270$1590$1960
48098$670$730$930$1220$1280

Zip Code:

48083

Studio Rent:

$619

1 Bedroom Rent:

$691

2 Bedroom Rent:

$908

3 Bedroom Rent:

$1209

4 Bedroom Rent:

$1214

Zip Code:

48094

Studio Rent:

$620

1 Bedroom Rent:

$691

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1210

4 Bedroom Rent:

$1220

Zip Code:

48088

Studio Rent:

$1350

1 Bedroom Rent:

$1380

2 Bedroom Rent:

$1560

3 Bedroom Rent:

$1960

4 Bedroom Rent:

$2380

Zip Code:

48093

Studio Rent:

$619

1 Bedroom Rent:

$691

2 Bedroom Rent:

$908

3 Bedroom Rent:

$1209

4 Bedroom Rent:

$1214

Zip Code:

48101

Studio Rent:

$620

1 Bedroom Rent:

$691

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1210

4 Bedroom Rent:

$1220

Zip Code:

48085

Studio Rent:

$1150

1 Bedroom Rent:

$1180

2 Bedroom Rent:

$1330

3 Bedroom Rent:

$1670

4 Bedroom Rent:

$2030

Zip Code:

48097

Studio Rent:

$700

1 Bedroom Rent:

$780

2 Bedroom Rent:

$1030

3 Bedroom Rent:

$1370

4 Bedroom Rent:

$1380

Zip Code:

48096

Studio Rent:

$619

1 Bedroom Rent:

$691

2 Bedroom Rent:

$908

3 Bedroom Rent:

$1209

4 Bedroom Rent:

$1214

Zip Code:

48084

Studio Rent:

$1100

1 Bedroom Rent:

$1130

2 Bedroom Rent:

$1270

3 Bedroom Rent:

$1590

4 Bedroom Rent:

$1960

Zip Code:

48089

Studio Rent:

$619

1 Bedroom Rent:

$691

2 Bedroom Rent:

$908

3 Bedroom Rent:

$1209

4 Bedroom Rent:

$1214

Zip Code:

48095

Studio Rent:

$620

1 Bedroom Rent:

$691

2 Bedroom Rent:

$910

3 Bedroom Rent:

$1210

4 Bedroom Rent:

$1220

Zip Code:

48091

Studio Rent:

$750

1 Bedroom Rent:

$800

2 Bedroom Rent:

$980

3 Bedroom Rent:

$1280

4 Bedroom Rent:

$1390

Zip Code:

48082

Studio Rent:

$1100

1 Bedroom Rent:

$1130

2 Bedroom Rent:

$1270

3 Bedroom Rent:

$1590

4 Bedroom Rent:

$1960

Zip Code:

48092

Studio Rent:

$1100

1 Bedroom Rent:

$1130

2 Bedroom Rent:

$1270

3 Bedroom Rent:

$1590

4 Bedroom Rent:

$1960

Zip Code:

48098

Studio Rent:

$670

1 Bedroom Rent:

$730

2 Bedroom Rent:

$930

3 Bedroom Rent:

$1220

4 Bedroom Rent:

$1280

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.