Tennessee · FIPS 47093 · HUD FY 2027
Knox County, Tennessee Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Knox County is $1,475 a month (rent plus utilities), 7% above the Tennessee average of $1,381 and 16% below the U.S. average of $1,761. That is up $4 (0.3%) from FY 2026. At 30% of income, a household needs about $59,000 a year to afford it.
- $1,4752-bedroom FMR+$4 (+0.3%) vs FY 2026
- $1,1781-bedroom FMRTennessee: $1,196 · U.S.: $1,478
- $59,000Income for a 2-bedroom$28/hour full-time
- 11 of 952BR rank in Tennessee1 = highest rent
| Unit | Knox County FY 2027 | FY 2026 | Change | Tennessee avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,171 | $1,177 | −$6 (−0.5%) | $1,141 | $1,379 | $46,840 |
| 1 bedroom | $1,178 | $1,184 | −$6 (−0.5%) | $1,196 | $1,478 | $47,120 |
| 2 bedrooms | $1,475 | $1,471 | +$4 (+0.3%) | $1,381 | $1,761 | $59,000 |
| 3 bedrooms | $1,844 | $1,864 | −$20 (−1.1%) | $1,771 | $2,266 | $73,760 |
| 4 bedrooms | $2,122 | $2,172 | −$50 (−2.3%) | $2,054 | $2,607 | $84,880 |
How Knox County compares
- HUD sets this rent for the Knoxville, TN metro FMR area, which covers 791,645 residents in 5 counties.
- Across Tennessee, 2-bedroom FMRs run from $995 (Weakley County) to $1,798 (Cannon County).
- Studio to 4-bedroom: $1,171, $1,178, $1,475, $1,844, $2,122. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 23 ZIP codes mostly in Knox County (by land area), the 2-bedroom figure ranges from $1,020 to $2,210.
Small Area FMRs by ZIP code in Knox County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 37721 | $1,010 | $1,020 | $1,250 | $1,610 | $1,880 | −$130 (−9.4%) | 15% below |
| 37806 | $810 | $810 | $1,020 | $1,280 | $1,460 | −$60 (−5.6%) | 31% below |
| 37849 | $1,090 | $1,090 | $1,370 | $1,710 | $1,970 | +$40 (+3.0%) | 7% below |
| 37871 | $840 | $850 | $1,050 | $1,310 | $1,580 | −$50 (−4.5%) | 29% below |
| 37902 | $1,510 | $1,520 | $1,900 | $2,380 | $2,730 | +$60 (+3.3%) | 29% above |
| 37909 | $1,160 | $1,170 | $1,460 | $1,830 | $2,100 | −$10 (−0.7%) | 1% below |
| 37912 | $1,090 | $1,090 | $1,370 | $1,710 | $1,970 | −$10 (−0.7%) | 7% below |
| 37914 | $1,060 | $1,070 | $1,340 | $1,680 | $1,930 | +$10 (+0.8%) | 9% below |
| 37915 | $950 | $960 | $1,200 | $1,500 | $1,730 | −$20 (−1.6%) | 19% below |
| 37916 | $1,200 | $1,210 | $1,510 | $1,890 | $2,170 | +$10 (+0.7%) | 2% above |
| 37917 | $1,270 | $1,280 | $1,600 | $2,000 | $2,300 | −$30 (−1.8%) | 8% above |
| 37918 | $1,160 | $1,170 | $1,460 | $1,830 | $2,100 | +$20 (+1.4%) | 1% below |
| 37919 | $1,380 | $1,390 | $1,740 | $2,180 | $2,500 | +$50 (+3.0%) | 18% above |
| 37920 | $1,100 | $1,110 | $1,390 | $1,740 | $2,000 | +$60 (+4.5%) | 6% below |
| 37921 | $1,210 | $1,210 | $1,520 | $1,900 | $2,190 | −$10 (−0.7%) | 3% above |
| 37922 | $1,660 | $1,670 | $2,090 | $2,610 | $3,010 | no change | 42% above |
| 37923 | $1,400 | $1,410 | $1,770 | $2,210 | $2,550 | +$110 (+6.6%) | 20% above |
| 37924 | $1,060 | $1,070 | $1,340 | $1,680 | $1,930 | +$30 (+2.3%) | 9% below |
| 37929 | $1,220 | $1,230 | $1,540 | $1,930 | $2,220 | +$10 (+0.7%) | 4% above |
| 37931 | $1,470 | $1,480 | $1,850 | $2,310 | $2,660 | +$10 (+0.5%) | 25% above |
| 37932 | $1,520 | $1,530 | $1,920 | $2,400 | $2,760 | +$10 (+0.5%) | 30% above |
| 37934 | $1,750 | $1,770 | $2,210 | $2,760 | $3,180 | no change | 50% above |
| 37938 | $1,180 | $1,190 | $1,490 | $1,860 | $2,140 | +$30 (+2.1%) | 1% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.