FY2027 Small Area FMR · Russellville, TN

ZIP 37860 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37860 (Russellville, TN) is $1,030 a month, up 6.2% from FY2026. That is 11% below the Morristown, TN area-wide FMR of $1,153.

2-bedroom SAFMR$1,030per month ▲ 6.2%

Area-wide 2 BR FMR$1,153Morristown, TN

Rank in the area13thof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$800▲ 8.1%

1 BR$800▲ 6.7%

2 BR$1,030▲ 6.2%

3 BR$1,300▲ 2.4%

4 BR$1,650▲ 4.4%

FY2027 FY2026

Where 37860 sits in the Morristown, TN area

Of the 16 ZIP codes HUD lists for the area, 37860 has the 13th highest two-bedroom Small Area FMR. Morristown, 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 $1,153 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 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	$800	$720 – $880	$906	$740
1 bedroom	$800	$720 – $880	$912	$750
2 bedrooms	$1,030	$927 – $1,133	$1,153	$970
3 bedrooms	$1,300	$1,170 – $1,430	$1,405	$1,270
4 bedrooms	$1,650	$1,485 – $1,815	$1,838	$1,580

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $80,100 and the 80% low-income limit for four people is $64,100. ZIP code 37860 lies mainly in Hamblen County. See the Morristown, TN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
37891	Whitesburg	3.8 mi	$1,030
37810	Mohawk	5.9 mi	$1,000
37813	Morristown	6.6 mi	$1,140
37811	Mooresburg	6.8 mi	$1,000
37711	Bulls Gap	8.0 mi	$1,030
37814	Morristown	8.7 mi	$1,160

Questions

What is the Fair Market Rent for ZIP code 37860?

HUD's FY2027 Small Area Fair Market Rents for 37860 are $800 (studio), $800 (1 BR), $1,030 (2 BR), $1,300 (3 BR) and $1,650 (4 BR) a month.

What is the Section 8 payment standard in 37860?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37860 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37860?

The FY2026 income limits of the Morristown, TN area apply: median family income $80,100, low-income (80%) limit $64,100 for a family of four.