FY2027 Small Area FMR · Talbott, TN

ZIP 37877 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37877 (Talbott, TN) is $1,290 a month, up 2.4% from FY2026. That is 12% above the Morristown, TN area-wide FMR of $1,153.

2-bedroom SAFMR$1,290per month ▲ 2.4%

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

Rank in the area2ndof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,161

2 BR Small Area FMR$1,290

110% of SAFMR$1,419

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

Studio$1,010▲ 3.1%

1 BR$1,020▲ 4.1%

2 BR$1,290▲ 2.4%

3 BR$1,570▼ 1.9%

4 BR$2,060▲ 1.5%

FY2027 FY2026

Where 37877 sits in the Morristown, TN area

Of the 16 ZIP codes HUD lists for the area, 37877 has the 2nd 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 $1,290 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	$1,010	$909 – $1,111	$906	$980
1 bedroom	$1,020	$918 – $1,122	$912	$980
2 bedrooms	$1,290	$1,161 – $1,419	$1,153	$1,260
3 bedrooms	$1,570	$1,413 – $1,727	$1,405	$1,600
4 bedrooms	$2,060	$1,854 – $2,266	$1,838	$2,030

A household renting a two-bedroom home at the Small Area FMR of $1,290 needs about $51,600 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 37877 lies mainly in Jefferson County and 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
37760	Jefferson City	4.1 mi	$1,150
37814	Morristown	6.9 mi	$1,160
37890	White Pine	7.6 mi	$1,140
37813	Morristown	8.5 mi	$1,140
37861	Rutledge	8.6 mi	$1,000
37820	New Market	10.0 mi	$1,140

Questions

What is the Fair Market Rent for ZIP code 37877?

HUD's FY2027 Small Area Fair Market Rents for 37877 are $1,010 (studio), $1,020 (1 BR), $1,290 (2 BR), $1,570 (3 BR) and $2,060 (4 BR) a month.

What is the Section 8 payment standard in 37877?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37877 that range is $1,161 to $1,419 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37877?

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.