Tennessee · FIPS 47095 · HUD FY 2027
Lake County, Tennessee Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Lake County is $995 a month (rent plus utilities), 28% below the Tennessee average of $1,381 and 44% below the U.S. average of $1,765. That is up $70 (7.6%) from FY 2026. At 30% of income, a household needs about $39,800 a year to afford it.
- $9952-bedroom FMR+$70 (+7.6%) vs FY 2026
- $7611-bedroom FMRTennessee: $1,196 · U.S.: $1,482
- $39,800Income for a 2-bedroom$19/hour full-time
- 56 of 952BR rank in Tennessee1 = highest rent
| Unit | Lake County FY 2027 | FY 2026 | Change | Tennessee avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $756 | $700 | +$56 (+8.0%) | $1,141 | $1,382 | $30,240 |
| 1 bedroom | $761 | $705 | +$56 (+7.9%) | $1,196 | $1,482 | $30,440 |
| 2 bedrooms | $995 | $925 | +$70 (+7.6%) | $1,381 | $1,765 | $39,800 |
| 3 bedrooms | $1,244 | $1,174 | +$70 (+6.0%) | $1,771 | $2,272 | $49,760 |
| 4 bedrooms | $1,663 | $1,289 | +$374 (+29.0%) | $2,054 | $2,614 | $66,520 |
How Lake County compares
- Lake County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Tennessee, 2-bedroom FMRs run from $995 (Weakley County) to $1,798 (Cannon County).
- Studio to 4-bedroom: $756, $761, $995, $1,244, $1,663. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 3 ZIP codes mostly in Lake County (by land area), the 2-bedroom figure ranges from $1,000 to $1,010.
Small Area FMRs by ZIP code in Lake County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 38077 | $760 | $760 | $1,000 | $1,250 | $1,670 | +$70 (+7.5%) | 1% above |
| 38079 | $760 | $760 | $1,000 | $1,240 | $1,660 | +$50 (+5.3%) | 1% above |
| 38080 | $760 | $780 | $1,010 | $1,260 | $1,660 | +$70 (+7.4%) | 2% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.