38577 Pall Mall, TN Fair Market Rent

What the FMR for ZIP 38577 actually means

HUD publishes Small Area Fair Market Rents at the ZIP code level for designated metros. ZIP 38577 (Pall Mall, TN) is covered by Pickett County, TN, so FY 2026 figures here are ZIP-specific: $870 for a 1-bedroom, studio $860, 2-bedroom $1,140, 3-bedroom $1,440, and 4-bedroom $1,590. These are 40th-percentile gross rents (utilities except telephone), not live asking rents. Housing Choice Voucher payment standards are typically set between 90% and 110% of the applicable FMR/SAFMR.

Because this page uses SAFMR, nearby ZIPs in Pickett can show different bedroom figures. Against the national benchmark the 1-bedroom SAFMR here is 9% below the US average of $959, and 6% below the TN state average of $924.

For budgeting, the 30% affordability rule says rent should not exceed 30% of gross household income. At the FY 2026 1-bedroom FMR of $870, that implies a household income of $34,800 per year (about $2,900/month) to avoid being cost-burdened, a 2-bedroom at $1,140 lifts that threshold higher still. ZIP 38577 has a population of 1,153 residents, so the gap between these FMR figures and local wages shapes how many households qualify as rent-burdened (paying more than 30% of income) or severely burdened (above 50%).