FY2027 Small Area FMR · Knoxville, TN

ZIP 37918 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37918 (Knoxville, TN) is $1,460 a month, up 1.4% from FY2026. That is 1% below the Knoxville, TN area-wide FMR of $1,475.

2-bedroom SAFMR$1,460per month ▲ 1.4%

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

Rank in the area30thof 73 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,314

2 BR Small Area FMR$1,460

110% of SAFMR$1,606

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

Studio$1,160▲ 0.9%

1 BR$1,170▲ 0.9%

2 BR$1,460▲ 1.4%

3 BR$1,830▲ 0.5%

4 BR$2,100▼ 1.4%

FY2027 FY2026

Where 37918 sits in the Knoxville, TN area

Of the 73 ZIP codes HUD lists for the area, 37918 has the 30th 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 $1,314 and $1,606 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,160	$1,044 – $1,276	$1,171	$1,150
1 bedroom	$1,170	$1,053 – $1,287	$1,178	$1,160
2 bedrooms	$1,460	$1,314 – $1,606	$1,475	$1,440
3 bedrooms	$1,830	$1,647 – $2,013	$1,844	$1,820
4 bedrooms	$2,100	$1,890 – $2,310	$2,122	$2,130

A household renting a two-bedroom home at the Small Area FMR of $1,460 needs about $58,400 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 37918 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
37917	Knoxville	3.9 mi	$1,600
37938	Knoxville	4.8 mi	$1,490
37912	Knoxville	5.1 mi	$1,370
37915	Knoxville	6.0 mi	$1,200
37924	Knoxville	6.3 mi	$1,340
37902	Knoxville	6.4 mi	$1,900

Questions

What is the Fair Market Rent for ZIP code 37918?

HUD's FY2027 Small Area Fair Market Rents for 37918 are $1,160 (studio), $1,170 (1 BR), $1,460 (2 BR), $1,830 (3 BR) and $2,100 (4 BR) a month.

What is the Section 8 payment standard in 37918?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37918 that range is $1,314 to $1,606 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37918?

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.