FMR is near market; voucher and private rents are aligned.
0.99
1 BR
1 BR- 37694
0.84ratio
FMR$810
Market$960
vs market-$150
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 37694
0.68ratio
FMR$1,020
Market$1,510
vs market-$490
FMR is below market; voucher rent may lag private rents.
0.68
3 BR
3 BR- 37694
0.64ratio
FMR$1,260
Market$1,970
vs market-$710
FMR is below market; voucher rent may lag private rents.
0.64
4 BR
4 BR- 37694
0.61ratio
FMR$1,400
Market$2,310
vs market-$910
FMR is below market; voucher rent may lag private rents.
0.61
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
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Watauga, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Watauga, TN is $1,020 a month. That is up 1.0% from $1,010 in FY 2026. Watauga is in the Kingsport-Bristol, TN-VA MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,091. The median county two-bedroom FMR in Tennessee is $1,048, so Watauga is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Watauga, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$810
$800
−1.2%
$720–$880
1BR
$810
$810
0.0%
$729–$891
2BR
$1,010
$1,020
+1.0%
$918–$1,122
3BR
$1,260
$1,260
0.0%
$1,134–$1,386
4BR
$1,410
$1,400
−0.7%
$1,260–$1,540
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Watauga, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$800
$810
$1,020
$1,260
$1,400
FY 2026
$810
$810
$1,010
$1,260
$1,410
FY 2025
$780
$790
$970
$1,210
$1,410
FY 2024
$750
$750
$930
$1,170
$1,360
FY 2023
$630
$650
$790
$1,010
$1,180
Questions about Watauga, TN rents
How much will Section 8 pay for a two-bedroom in Watauga, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,091, which applies unless the housing authority uses Small Area FMRs, that basic range is $982 to $1,200 a month; under the ZIP-level Small Area FMR of $1,020 it would be $918 to $1,122. 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 Watauga, TN in?
Watauga, TN is in the Kingsport-Bristol, TN-VA MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,091.
How much did fair market rent change in Watauga, TN for FY 2027?
The two-bedroom FMR rose 1.0%, from $1,010 in FY 2026 to $1,020 in FY 2027. Since FY 2023 it has risen 29.1%.
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