FY2027 Small Area FMR · Sharps Chapel, TN
ZIP 37866 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37866 (Sharps Chapel, TN) is $1,050 a month, up 2.9% from FY2026. That is 29% 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 37866 sits in the Knoxville, TN area
Of the 73 ZIP codes HUD lists for the area, 37866 has the 63rd 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 $945 and $1,155 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $810 | $729 – $891 | $1,171 | $810 |
| 1 bedroom | $900 | $810 – $990 | $1,178 | $860 |
| 2 bedrooms | $1,050 | $945 – $1,155 | $1,475 | $1,020 |
| 3 bedrooms | $1,310 | $1,179 – $1,441 | $1,844 | $1,290 |
| 4 bedrooms | $1,470 | $1,323 – $1,617 | $2,122 | $1,490 |
A household renting a two-bedroom home at the Small Area FMR of $1,050 needs about $42,000 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 37866 lies mainly in Union 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 37866?
HUD's FY2027 Small Area Fair Market Rents for 37866 are $810 (studio), $900 (1 BR), $1,050 (2 BR), $1,310 (3 BR) and $1,470 (4 BR) a month.
What is the Section 8 payment standard in 37866?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37866 that range is $945 to $1,155 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 37866?
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.