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Anderson County/Andersonville/37705

37705

ZIPSAFMR
Anderson County, TN
Zillow

ZIP Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$1,320$1,320
1 BR$1,330$1,330
2 BR$1,660$1,660
3 BR$2,080$2,080
4 BR$2,390$2,390
5 BR$2,749Not available
6 BR$3,161Not available
7 BR$3,635Not available
8 BR$4,180Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMRUsed$1,660
Market rentN/A
Est. payment standardN/A
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 37705 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37705 (Andersonville, TN) is $1,660 a month. That is down 1.2% from $1,680 in FY 2026. Andersonville 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. Among 13 ZIP codes in Anderson County, 37705 has the 2nd-highest two-bedroom rent (county range $1,000–$1,850). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37705 is 58% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37705
BedroomsFY 2027Change90–110% range
Studio$1,320−1.5%$1,188–$1,452
1BR$1,330−1.5%$1,197–$1,463
2BR$1,660−1.2%$1,494–$1,826
3BR$2,080−2.3%$1,872–$2,288
4BR$2,390−3.6%$2,151–$2,629

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37705
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,320$1,330$1,660$2,080$2,390
FY 2026$1,340$1,350$1,680$2,130$2,480
FY 2025$1,360$1,370$1,680$2,160$2,530
FY 2024$980$1,000$1,220$1,580$1,830
FY 2023$840$900$1,090$1,420$1,670

Two-bedroom rent in nearby Anderson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37705
37705Current$1,660—
37710$1,060−36.1%
37716$1,200−27.7%
37717$1,290−22.3%
37754$1,280−22.9%
37769$1,000−39.8%
37828$1,310−21.1%
37830$1,400−15.7%
37831$1,290−22.3%
37840$1,040−37.3%
37849$1,370−17.5%
37931$1,850+11.4%

Questions about ZIP 37705 rents

How much will Section 8 pay for a two-bedroom in ZIP 37705?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,660, that basic range is $1,494 to $1,826 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 ZIP 37705 in?

ZIP 37705 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 ZIP 37705 for FY 2027?

The two-bedroom FMR fell 1.2%, from $1,680 in FY 2026 to $1,660 in FY 2027. Since FY 2023 it has risen 52.3%.

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

County fair market rentAndersonville, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources