FY2027 Small Area FMR · Alcoa, TN

ZIP 37701 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37701 (Alcoa, TN) is $1,560 a month, up 6.1% from FY2026. That is 6% above the Knoxville, TN area-wide FMR of $1,475.

2-bedroom SAFMR$1,560per month ▲ 6.1%

Area-wide 2 BR FMR$1,475Knoxville, TN

Rank in the area11thof 73 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,404

2 BR Small Area FMR$1,560

110% of SAFMR$1,716

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

Studio$1,240▲ 5.1%

1 BR$1,250▲ 5.9%

2 BR$1,560▲ 6.1%

3 BR$1,950▲ 4.8%

4 BR$2,240▲ 3.2%

FY2027 FY2026

Where 37701 sits in the Knoxville, TN area

Of the 73 ZIP codes HUD lists for the area, 37701 has the 11th highest two-bedroom Small Area FMR. Knoxville, TN is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,404 and $1,716 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,240	$1,116 – $1,364	$1,171	$1,180
1 bedroom	$1,250	$1,125 – $1,375	$1,178	$1,180
2 bedrooms	$1,560	$1,404 – $1,716	$1,475	$1,470
3 bedrooms	$1,950	$1,755 – $2,145	$1,844	$1,860
4 bedrooms	$2,240	$2,016 – $2,464	$2,122	$2,170

A household renting a two-bedroom home at the Small Area FMR of $1,560 needs about $62,400 a year to keep housing costs at 30% of income. The area median family income is $103,700 and the 80% low-income limit for four people is $82,950. ZIP code 37701 lies mainly in Blount County. See the Knoxville, TN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
37777	Louisville	4.2 mi	$1,030
37804	Maryville	5.3 mi	$1,450
37853	Rockford	5.3 mi	$1,100
37737	Friendsville	7.7 mi	$1,550
37922	Knoxville	7.9 mi	$2,090
37919	Knoxville	8.5 mi	$1,740

Questions

What is the Fair Market Rent for ZIP code 37701?

HUD's FY2027 Small Area Fair Market Rents for 37701 are $1,240 (studio), $1,250 (1 BR), $1,560 (2 BR), $1,950 (3 BR) and $2,240 (4 BR) a month.

What is the Section 8 payment standard in 37701?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37701 that range is $1,404 to $1,716 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37701?

The FY2026 income limits of the Knoxville, TN area apply: median family income $103,700, low-income (80%) limit $82,950 for a family of four.