HUD Fair Market Rent · FY 2027 · Effective Oct 1, 2026 to Sep 30, 2027
Fair Market Rent in Hancock County, Tennessee (FY 2027)
HUD's FY 2027 Fair Market Rent for a two-bedroom in Hancock County is $995 a month. That's the number the housing authority starts from when it sets Section 8 payment standards here.
Two-bedroom FMR
$995
+7.6% from FY 2026
Payment standard
$896–$1,095
90% to 110% of the FMR, two-bedroom
Income to afford
$39,800
a year, with rent at 30% of income
Rank in Tennessee
69th of 95
by two-bedroom FMR, highest first
FY 2027 Fair Market Rents
Payment standard is the 90% to 110% band a housing authority can set. Income needed puts rent at 30% of gross income, and the hourly wage assumes a 40-hour week.
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2026 |
|---|---|---|---|---|---|
| Studio | $761 | $685–$837 | $30,440 | $14.63/hr | +5.1% |
| 1 bedroom | $837 | $753–$921 | $33,480 | $16.10/hr | -0.8% |
| 2 bedroom | $995 | $896–$1,095 | $39,800 | $19.13/hr | +7.6% |
| 3 bedroom | $1,186 | $1,067–$1,305 | $47,440 | $22.81/hr | +6.9% |
| 4 bedroom | $1,365 | $1,229–$1,502 | $54,600 | $26.25/hr | +11.4% |
Five to eight bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,570 | $1,413–$1,727 |
| 6 bedroom Estimate | $1,775 | $1,598–$1,953 |
| 7 bedroom Estimate | $1,979 | $1,781–$2,177 |
| 8 bedroom Estimate | $2,184 | $1,966–$2,402 |
Source: HUD Office of Policy Development and Research, FY 2027 Fair Market Rents. Rents include utilities. huduser.gov
Market check
HUD's number is one input. What does a two-bedroom in Hancock actually rent for?
Search any address in Hancock for a rent estimate built from nearby comps, with the HUD figure right next to it.
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What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Hancock somewhere between $896 and $1,095. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$995 a month is affordable, by HUD's 30% rule, on an income of roughly $39,800 a year. Put another way, $19 an hour full time.
Worked example for a two-bedroom renting at the payment standard. The tenant pays 30% of monthly income and the voucher covers the rest.
| Monthly household income | Tenant pays (30%) | Voucher pays at 90%$896 | Voucher pays at 100%$995 | Voucher pays at 110%$1,095 |
|---|---|---|---|---|
| $2,500 | $750 | $146 | $245 | $345 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 8% from FY 2026 ($925) to FY 2027 ($995). Since FY 2020 it's up 53% in total, about 6.3% a year. The Tennessee median moved up 7% over the same year.
| Fiscal year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $492 | $497 | $649 | $936 | $1,139 | — |
| FY 2021 | $502 | $505 | $663 | $898 | $1,148 | +2.2% |
| FY 2022 | $523 | $526 | $676 | $904 | $1,157 | +2.0% |
| FY 2023 | $574 | $578 | $747 | $909 | $1,272 | +10.5% |
| FY 2024 | $707 | $767 | $861 | $1,041 | $1,384 | +15.3% |
| FY 2025 | $719 | $812 | $899 | $1,083 | $1,246 | +4.4% |
| FY 2026 | $724 | $844 | $925 | $1,109 | $1,225 | +2.9% |
| FY 2027In effect | $761 | $837 | $995 | $1,186 | $1,365 | +7.6% |
About this rate
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2027 that's October 1, 2026 through September 30, 2027. In Hancock, that runs from $761 for a studio up to $1,365 for four bedrooms, all five rates in the table above.
Because Hancock sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Kyles Ford included.
Among Tennessee's 95 counties, Hancock ranks 69th for two-bedroom FMR. That's about 5% below the state median of $1,048 and about 6% below the national median county at $1,063. About 6,852 people live here, 91st in the state.
Rates by ZIP code
HUD also publishes Small Area FMRs by ZIP code. For the 2 ZIP codes it covers in Hancock, the two-bedroom rate is $1,000 across the board, so there's no ZIP-level story here.
Nearby counties
Two-bedroom FMR, with how each compares to Hancock.
Hawkins County
14 mi · 57,964 people
$1,091
+10%
Hamblen County
24 mi · 65,669 people
$1,153
+16%
Grainger County
28 mi · 24,266 people
$995
same rate
Greene County
29 mi · 71,628 people
$995
same rate
Claiborne County
31 mi · 32,466 people
$995
same rate
Jefferson County
38 mi · 56,864 people
$1,153
+16%
Union County
41 mi · 20,431 people
$1,475
+48%
Washington County
41 mi · 136,261 people
$1,211
+22%
Questions people ask
$995 a month for FY 2027, which runs October 1, 2026 through September 30, 2027. The other rates are $761 for a studio, $837 for one bedroom, $1,186 for three and $1,365 for four.
Tools for this county
Fair Market Rent lookup
Any ZIP code's Small Area FMR by bedroom count
Section 8 rent calculator
Payment standard and tenant share for a specific rent
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords
Rent affordability calculator
The income a household needs for a given rent
What does a rental in Hancock actually go for?
HUD's number is one input. Search any address in Hancock for a rent estimate built from nearby comps. Free to start, no card.
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