FMR is near market; voucher and private rents are aligned.
1.09
1 BR
1 BR
1.00ratio
FMR$1,070
Market$1,070
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR
1.01ratio
FMR$1,370
Market$1,360
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR
0.91ratio
FMR$1,650
Market$1,820
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.91
4 BR
4 BR
0.88ratio
FMR$1,820
Market$2,060
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.88
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
--
ZIP 37614 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37614 (Johnson City, TN) is $1,370 a month. That is up 7.9% from $1,270 in FY 2026. Johnson City is in the Johnson City, TN 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 $1,211. Among 16 ZIP codes in Washington County, 37614 is tied for the 3rd-highest two-bedroom rent (county range $1,020–$1,390). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37614 is 31% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 37614
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,000
$1,070
+7.0%
$963–$1,177
1BR
$1,000
$1,070
+7.0%
$963–$1,177
2BR
$1,270
$1,370
+7.9%
$1,233–$1,507
3BR
$1,570
$1,650
+5.1%
$1,485–$1,815
4BR
$1,740
$1,820
+4.6%
$1,638–$2,002
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 37614
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,070
$1,070
$1,370
$1,650
$1,820
FY 2026
$1,000
$1,000
$1,270
$1,570
$1,740
FY 2025
$950
$960
$1,200
$1,490
$1,670
FY 2024
$930
$930
$1,150
$1,440
$1,680
FY 2023
$740
$760
$920
$1,160
$1,370
Two-bedroom rent in nearby Washington County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 37614?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,211, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,090 to $1,332 a month; under the ZIP-level Small Area FMR of $1,370 it would be $1,233 to $1,507. 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 ZIP 37614 in?
ZIP 37614 is in the Johnson City, TN MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,211.
How much did fair market rent change in ZIP 37614 for FY 2027?
The two-bedroom FMR rose 7.9%, from $1,270 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 48.9%.
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