FY2027 Small Area FMR · Cleveland, TN

ZIP 37320 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37320 (Cleveland, TN) is $1,300 a month, up 2.4% from FY2026. That is 2% above the Cleveland, TN area-wide FMR of $1,270.

2-bedroom SAFMR$1,300per month ▲ 2.4%

Area-wide 2 BR FMR$1,270Cleveland, TN

Rank in the area2ndof 21 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,170

2 BR Small Area FMR$1,300

110% of SAFMR$1,430

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$910▲ 3.4%

1 BR$990▲ 2.1%

2 BR$1,300▲ 2.4%

3 BR$1,630■ 0.0%

4 BR$1,710▲ 1.8%

FY2027 FY2026

Where 37320 sits in the Cleveland, TN area

Of the 21 ZIP codes HUD lists for the area, 37320 has the 2nd highest two-bedroom Small Area FMR. Cleveland, TN is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,270 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,300 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$910	$819 – $1,001	$884	$880
1 bedroom	$990	$891 – $1,089	$971	$970
2 bedrooms	$1,300	$1,170 – $1,430	$1,270	$1,270
3 bedrooms	$1,630	$1,467 – $1,793	$1,593	$1,630
4 bedrooms	$1,710	$1,539 – $1,881	$1,669	$1,680

A household renting a two-bedroom home at the Small Area FMR of $1,300 needs about $52,000 a year to keep housing costs at 30% of income. The area median family income is $91,700 and the 80% low-income limit for four people is $73,000. ZIP code 37320 lies mainly in Bradley County. See the Cleveland, TN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
37312	Cleveland	4.2 mi	$1,380
37311	Cleveland	5.6 mi	$1,230
37323	Cleveland	5.9 mi	$1,230
37353	Mc Donald	8.1 mi	$1,300
37310	Charleston	10.2 mi	$1,150
37336	Georgetown	10.2 mi	$1,210

Questions

What is the Fair Market Rent for ZIP code 37320?

HUD's FY2027 Small Area Fair Market Rents for 37320 are $910 (studio), $990 (1 BR), $1,300 (2 BR), $1,630 (3 BR) and $1,710 (4 BR) a month.

What is the Section 8 payment standard in 37320?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37320 that range is $1,170 to $1,430 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37320?

The FY2026 income limits of the Cleveland, TN area apply: median family income $91,700, low-income (80%) limit $73,000 for a family of four.