FY2027 Small Area FMR · Philadelphia, TN
ZIP 37846 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37846 (Philadelphia, TN) is $1,020 a month, down 1.9% from FY2026. That is 31% below the Knoxville, TN area-wide FMR of $1,475.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 37846 sits in the Knoxville, TN area
Of the 73 ZIP codes HUD lists for the area, 37846 has the 68th 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 $918 and $1,122 for two bedrooms.
ZIP code 37846 crosses more than one HUD area. HUD also lists it under Roane County, TN (same figures), McMinn County, TN (same figures), Meigs County, TN (same figures) and Monroe County, TN (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $810 | $729 – $891 | $1,171 | $820 |
| 1 bedroom | $840 | $756 – $924 | $1,178 | $850 |
| 2 bedrooms | $1,020 | $918 – $1,122 | $1,475 | $1,040 |
| 3 bedrooms | $1,310 | $1,179 – $1,441 | $1,844 | $1,340 |
| 4 bedrooms | $1,430 | $1,287 – $1,573 | $2,122 | $1,540 |
A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 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 37846 lies mainly in Loudon County, Roane County and Monroe County. See the Knoxville, TN metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 37846?
HUD's FY2027 Small Area Fair Market Rents for 37846 are $810 (studio), $840 (1 BR), $1,020 (2 BR), $1,310 (3 BR) and $1,430 (4 BR) a month.
What is the Section 8 payment standard in 37846?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37846 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 37846?
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.