FMR is below market; voucher rent may lag private rents.
0.84
1 BR
1 BR- 37874
0.94ratio
FMR$870
Market$930
vs market-$60
FMR is near market; voucher and private rents are aligned.
0.94
2 BR
2 BR- 37874
0.86ratio
FMR$1,000
Market$1,160
vs market-$160
FMR is below market; voucher rent may lag private rents.
0.86
3 BR
3 BR- 37874
0.79ratio
FMR$1,290
Market$1,640
vs market-$350
FMR is below market; voucher rent may lag private rents.
0.79
4 BR
4 BR- 37874
0.73ratio
FMR$1,350
Market$1,840
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.73
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
--
Sweetwater, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Sweetwater, TN is $1,000 a month. That is up 1.0% from $990 in FY 2026. Sweetwater 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 Sweetwater is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Sweetwater, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$810
$770
−4.9%
$693–$847
1BR
$810
$870
+7.4%
$783–$957
2BR
$990
$1,000
+1.0%
$900–$1,100
3BR
$1,290
$1,290
0.0%
$1,161–$1,419
4BR
$1,490
$1,350
−9.4%
$1,215–$1,485
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Sweetwater, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$770
$870
$1,000
$1,290
$1,350
FY 2026
$810
$810
$990
$1,290
$1,490
FY 2025
$890
$900
$1,100
$1,430
$1,650
FY 2024
$800
$860
$1,050
$1,360
$1,600
FY 2023
$680
$730
$890
$1,160
$1,370
Questions about Sweetwater, TN rents
How much will Section 8 pay for a two-bedroom in Sweetwater, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,000, that basic range is $900 to $1,100 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 Sweetwater, TN in?
Sweetwater, 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 Sweetwater, TN for FY 2027?
The two-bedroom FMR rose 1.0%, from $990 in FY 2026 to $1,000 in FY 2027. Since FY 2023 it has risen 12.4%.
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