FY2027 Small Area FMR · Knoxville, TN

ZIP 37912 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37912 (Knoxville, TN) is $1,370 a month, down 0.7% from FY2026. That is 7% below the Knoxville, TN area-wide FMR of $1,475.

2-bedroom SAFMR$1,370per month ▼ 0.7%

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

Rank in the area37thof 73 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,233

2 BR Small Area FMR$1,370

110% of SAFMR$1,507

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

Studio$1,090▼ 0.9%

1 BR$1,090▼ 1.8%

2 BR$1,370▼ 0.7%

3 BR$1,710▼ 2.3%

4 BR$1,970▼ 3.4%

FY2027 FY2026

Where 37912 sits in the Knoxville, TN area

Of the 73 ZIP codes HUD lists for the area, 37912 has the 37th 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 $1,233 and $1,507 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,090	$981 – $1,199	$1,171	$1,100
1 bedroom	$1,090	$981 – $1,199	$1,178	$1,110
2 bedrooms	$1,370	$1,233 – $1,507	$1,475	$1,380
3 bedrooms	$1,710	$1,539 – $1,881	$1,844	$1,750
4 bedrooms	$1,970	$1,773 – $2,167	$2,122	$2,040

A household renting a two-bedroom home at the Small Area FMR of $1,370 needs about $54,800 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 37912 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
37921	Knoxville	2.2 mi	$1,520
37917	Knoxville	4.0 mi	$1,600
37909	Knoxville	4.6 mi	$1,460
37902	Knoxville	4.7 mi	$1,900
37916	Knoxville	4.8 mi	$1,510
37849	Powell	4.8 mi	$1,370

Questions

What is the Fair Market Rent for ZIP code 37912?

HUD's FY2027 Small Area Fair Market Rents for 37912 are $1,090 (studio), $1,090 (1 BR), $1,370 (2 BR), $1,710 (3 BR) and $1,970 (4 BR) a month.

What is the Section 8 payment standard in 37912?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37912 that range is $1,233 to $1,507 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37912?

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.