What is the Fair Market Rent for a two-bedroom in Smith County?

HUD sets the FY2026 FMR for a two-bedroom in Smith County at about $1,051 per month including utilities. Voucher payment standards are usually set within ±10% of this figure.

How many subsidized properties are in Smith County?

We track 5 federally assisted properties across Smith County, spanning project-based Section 8, public housing, LIHTC and related programs.

Fair Market Rents: Smith County, TN (FY2026)

HUD's FY2026 Fair Market Rents for Smith County set the ceiling for what Housing Choice Vouchers pay locally. FMR equals the estimated 40th-percentile gross rent — shelter plus utilities — for modest, non-luxury units.

Unit size	FY2026 FMR	TN median*
Studio (0-BR)	$796/mo	$730 (+9%)
1 Bedroom	$801/mo	$818 (-2%)
2 Bedrooms	$1,051/mo	$975 (+8%)
3 Bedrooms	$1,368/mo	$1,286 (+6%)
4+ Bedrooms	$1,392/mo	$1,532 (-9%)

*Median across all FMR-publishing counties in TN. Source: HUD FY2026 FMR schedule.

Using FMR as a voucher holder in Smith County

Your housing authority sets payment standards per bedroom, typically 90–110% of these figures. How payment standards work →
You may rent above the standard by paying the difference, subject to a 40%-of-income cap at lease-up.
In high-cost pockets, ask about exception standards or Small Area FMRs by ZIP code.

Subsidized housing in Smith County

We track 5 assisted properties countywide:

City	Properties	Assisted units
Carthage	4	470