Cleveland, TN MSA · FY2026 area median income $91,700 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $319 | $479 | $639 | $798 | $958 | $1,118 | $1,278 |
| 1BR | $342 | $513 | $684 | $855 | $1,026 | $1,197 | $1,369 |
| 2BR | $410 | $615 | $821 | $1,026 | $1,231 | $1,436 | $1,642 |
| 3BR | $474 | $711 | $949 | $1,186 | $1,423 | $1,660 | $1,898 |
| 4BR | $529 | $794 | $1,059 | $1,323 | $1,588 | $1,853 | $2,118 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $19,170 | $31,950 | $38,340 | $51,120 |
| 2 persons | $21,900 | $36,500 | $43,800 | $58,400 |
| 3 persons | $24,630 | $41,050 | $49,260 | $65,680 |
| 4 persons | $27,390 | $45,650 | $54,780 | $73,040 |
| 5 persons | $29,550 | $49,250 | $59,100 | $78,800 |
| 6 persons | $31,770 | $52,950 | $63,540 | $84,720 |
| 7 persons | $33,930 | $56,550 | $67,860 | $90,480 |
| 8 persons | $36,150 | $60,250 | $72,300 | $96,400 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Polk County to see the sources and uses, bond test, DSCR, and funding gap using these rents.