FMR is below market; voucher rent may lag private rents.
0.87
1 BR
1 BR- 37849
0.76ratio
FMR$1,090
Market$1,440
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.76
2 BR
2 BR- 37849
0.77ratio
FMR$1,370
Market$1,790
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR- 37849
0.78ratio
FMR$1,710
Market$2,180
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.78
4 BR
4 BR- 37849
0.80ratio
FMR$1,970
Market$2,460
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.80
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Powell, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Powell, TN is $1,370 a month. That is up 3.0% from $1,330 in FY 2026. Powell is in the Knoxville, TN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Tennessee is $1,048, so Powell is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Powell, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,060
$1,090
+2.8%
$981–$1,199
1BR
$1,070
$1,090
+1.9%
$981–$1,199
2BR
$1,330
$1,370
+3.0%
$1,233–$1,507
3BR
$1,680
$1,710
+1.8%
$1,539–$1,881
4BR
$1,960
$1,970
+0.5%
$1,773–$2,167
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Powell, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,090
$1,090
$1,370
$1,710
$1,970
FY 2026
$1,060
$1,070
$1,330
$1,680
$1,960
FY 2025
$1,130
$1,130
$1,390
$1,790
$2,100
FY 2024
$940
$960
$1,170
$1,510
$1,760
FY 2023
$880
$950
$1,150
$1,500
$1,760
Questions about Powell, TN rents
How much will Section 8 pay for a two-bedroom in Powell, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,370, that basic range is $1,233 to $1,507 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Powell, TN in?
Powell, TN is in the Knoxville, TN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Powell, TN for FY 2027?
The two-bedroom FMR rose 3.0%, from $1,330 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 19.1%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set