FMR is below market; voucher rent may lag private rents.
0.65
1 BR
1 BR
0.62ratio
FMR$1,030
Market$1,650
vs market-$620
FMR is below market; voucher rent may lag private rents.
0.62
2 BR
2 BR
0.73ratio
FMR$1,290
Market$1,760
vs market-$470
FMR is below market; voucher rent may lag private rents.
0.73
3 BR
3 BR
0.90ratio
FMR$1,610
Market$1,790
vs market-$180
FMR is below market; voucher rent may lag private rents.
0.90
4 BR
4 BR
0.94ratio
FMR$1,860
Market$1,980
vs market-$120
FMR is near market; voucher and private rents are aligned.
0.94
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 37717 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37717 (Clinton, TN) is $1,290 a month. That is unchanged from FY 2026. Clinton 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, 37717 is tied for the 7th-highest two-bedroom rent (county range $1,000–$1,850). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37717 is 23% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 37717
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,030
$1,020
−1.0%
$918–$1,122
1BR
$1,040
$1,030
−1.0%
$927–$1,133
2BR
$1,290
$1,290
0.0%
$1,161–$1,419
3BR
$1,630
$1,610
−1.2%
$1,449–$1,771
4BR
$1,900
$1,860
−2.1%
$1,674–$2,046
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 37717
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,020
$1,030
$1,290
$1,610
$1,860
FY 2026
$1,030
$1,040
$1,290
$1,630
$1,900
FY 2025
$1,110
$1,120
$1,370
$1,760
$2,070
FY 2024
$860
$880
$1,070
$1,380
$1,610
FY 2023
$780
$840
$1,020
$1,330
$1,560
Two-bedroom rent in nearby Anderson County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 37717?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,290, that basic range is $1,161 to $1,419 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 37717 in?
ZIP 37717 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 37717 for FY 2027?
The two-bedroom FMR was unchanged at $1,290 in FY 2027. Since FY 2023 it has risen 26.5%.
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