What is the Fair Market Rent in Knoxville, TN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home runs from $1,200 to $1,900 a month across the 8 ZIP codes that cover Knoxville.

By ZIP code: 37902 $1,900, 37909 $1,460, 37915 $1,200, 37916 $1,510, 37917 $1,600, 37929 $1,540, 37912 $1,370, 37921 $1,520.

Across the whole Knoxville, TN HUD Metro FMR Area the two-bedroom figure is $1,475.

The Census Bureau’s median gross rent for a two-bedroom home in Knoxville is $1,240 (±$39), below the Small Area figure for ZIP 37902.

Figures last updated on .

2 bedrooms, whole area
$1,475
2 bedrooms, ZIP 37902
$1,900
2 bedrooms, ZIP 37909
$1,460
2 bedrooms, ZIP 37915
$1,200

Fair Market Rents for Knoxville, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
Studio1 bedroom2 bedrooms3 bedrooms4 bedroomsCensus median rent
Knoxville, TN HUD Metro FMR Area (whole area)$1,171$1,178$1,475$1,844$2,122—
ZIP 37902$1,510$1,520$1,900$2,380$2,730$1,498
ZIP 37909$1,160$1,170$1,460$1,830$2,100$1,204
ZIP 37915$950$960$1,200$1,500$1,730$663
ZIP 37916$1,200$1,210$1,510$1,890$2,170$1,236
ZIP 37917$1,270$1,280$1,600$2,000$2,300$1,127
ZIP 37929$1,220$1,230$1,540$1,930$2,220—
ZIP 37912 (89% of the ZIP’s land is in this place)$1,090$1,090$1,370$1,710$1,970$1,128
ZIP 37921 (78% of the ZIP’s land is in this place)$1,210$1,210$1,520$1,900$2,190$1,233

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Knoxville

What is the Section 8 payment standard in Knoxville?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Knoxville, TN HUD Metro FMR Area is $1,475, and the Small Area figure for 37902 is $1,900.

What is the Fair Market Rent for a two-bedroom in ZIP 37902?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 37902 is $1,900 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,498 (±$260).

What is the Fair Market Rent for a two-bedroom in ZIP 37909?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 37909 is $1,460 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,204 (±$44).

What is the Fair Market Rent for a two-bedroom in ZIP 37915?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 37915 is $1,200 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $663 (±$180).

What is the Fair Market Rent for a one-bedroom in Knoxville?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 37902 is $1,520 a month, against $1,178 across the Knoxville, TN HUD Metro FMR Area.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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