FY2027 Small Area FMR · Knoxville, TN

ZIP 37902 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37902 (Knoxville, TN) is $1,900 a month, up 3.3% from FY2026. That is 29% above the Knoxville, TN area-wide FMR of $1,475.

2-bedroom SAFMR$1,900per month ▲ 3.3%

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

Rank in the area4thof 73 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,710

2 BR Small Area FMR$1,900

110% of SAFMR$2,090

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

Studio$1,510▲ 2.7%

1 BR$1,520▲ 2.7%

2 BR$1,900▲ 3.3%

3 BR$2,380▲ 2.1%

4 BR$2,730▲ 0.4%

FY2027 FY2026

Where 37902 sits in the Knoxville, TN area

Of the 73 ZIP codes HUD lists for the area, 37902 has the 4th 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 $1,710 and $2,090 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,510	$1,359 – $1,661	$1,171	$1,470
1 bedroom	$1,520	$1,368 – $1,672	$1,178	$1,480
2 bedrooms	$1,900	$1,710 – $2,090	$1,475	$1,840
3 bedrooms	$2,380	$2,142 – $2,618	$1,844	$2,330
4 bedrooms	$2,730	$2,457 – $3,003	$2,122	$2,720

A household renting a two-bedroom home at the Small Area FMR of $1,900 needs about $76,000 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 37902 lies mainly in Knox 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
37929	Knoxville	0.2 mi	$1,540
37916	Knoxville	1.0 mi	$1,510
37915	Knoxville	1.2 mi	$1,200
37917	Knoxville	2.6 mi	$1,600
37912	Knoxville	4.7 mi	$1,370
37921	Knoxville	4.7 mi	$1,520

Questions

What is the Fair Market Rent for ZIP code 37902?

HUD's FY2027 Small Area Fair Market Rents for 37902 are $1,510 (studio), $1,520 (1 BR), $1,900 (2 BR), $2,380 (3 BR) and $2,730 (4 BR) a month.

What is the Section 8 payment standard in 37902?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37902 that range is $1,710 to $2,090 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37902?

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.