Skip to main content
Loading page
TN/Knox County/Strawberry Plains

Strawberry Plains, TN

CitySAFMR
Knox County
Found 1 ZIP

City Median Investment Score

70Below average

095130300
BRFMR
Eff. Rent
0 BR$840$920
1 BR$850$940
2 BR$1,050$1,160
3 BR$1,310$1,440
4 BR$1,580$1,740
5 BR$1,817Not available
6 BR$2,090Not available
7 BR$2,403Not available
8 BR$2,763Not available

Purchase Price Calculator

Maximum purchase price
$110,459

Cost breakdown

+Likely effective rent$1,160
HUD FMR$1,050
Market rent$1,490
Est. payment standard (110%)Used$1,160
-Principal and interest-$559
Loan amount$88,367
Down payment$22,092
Rate6.50%
Term30 years
-Operating costs-$401
Property taxes-$110
Insurance-$175
Utilities$0
HOA$0
Management-$116
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,859(85.4% ROI)
Projected value
$118,952
Return breakdown
Property appreciation+$8,493
Loan principal paid down+$3,166
Rental cash flow+$7,200
5-year hold
+$32,161(145.6% ROI)
Projected value
$124,974
Return breakdown
Property appreciation+$14,515
Loan principal paid down+$5,646
Rental cash flow+$12,000
10-year hold
+$68,391(309.6% ROI)
Projected value
$141,397
Return breakdown
Property appreciation+$30,938
Loan principal paid down+$13,453
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.60
1 BR
0.62
2 BR
0.70
3 BR
0.68
4 BR
0.72
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Strawberry Plains, TN fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Strawberry Plains, TN is $1,050 a month. That is down 4.5% from $1,100 in FY 2026. Strawberry Plains 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.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Strawberry Plains, TN
BedroomsFY 2027Change90–110% range
Studio$840−2.3%$756–$924
1BR$850−4.5%$765–$935
2BR$1,050−4.5%$945–$1,155
3BR$1,310−8.4%$1,179–$1,441
4BR$1,580−6.0%$1,422–$1,738

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Strawberry Plains, TN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$840$850$1,050$1,310$1,580
FY 2026$860$890$1,100$1,430$1,680
FY 2025$950$980$1,220$1,580$1,860
FY 2024$920$930$1,170$1,540$1,820
FY 2023$840$880$1,090$1,450$1,690

Questions about Strawberry Plains, TN rents

How much will Section 8 pay for a two-bedroom in Strawberry Plains, TN?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,050, that basic range is $945 to $1,155 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 Strawberry Plains, TN in?

Strawberry Plains, 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 Strawberry Plains, TN for FY 2027?

The two-bedroom FMR fell 4.5%, from $1,100 in FY 2026 to $1,050 in FY 2027. Since FY 2023 it has fallen 3.7%.

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