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Knox County/Knoxville/37918

37918

ZIPSAFMR
Knox County, TN
Zillow

ZIP Investment Score

94Below average

095130300
BRFMR
Eff. Rent
0 BR$1,160$930
1 BR$1,170$1,290
2 BR$1,460$1,560
3 BR$1,830$1,990
4 BR$2,100$2,300
5 BR$2,415Not available
6 BR$2,777Not available
7 BR$3,194Not available
8 BR$3,673Not available

Purchase Price Calculator

Maximum purchase price
$169,899

Cost breakdown

+Likely effective rent$1,560
HUD FMR$1,460
Market rent$1,620
Est. payment standard (107%)Used$1,560
-Principal and interest-$859
Loan amount$135,919
Down payment$33,980
Rate6.50%
Term30 years
-Operating costs-$501
Property taxes-$170
Insurance-$175
Utilities$0
HOA$0
Management-$156
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,133(74.0% ROI)
Projected value
$182,962
Return breakdown
Property appreciation+$13,064
Loan principal paid down+$4,870
Rental cash flow+$7,200
5-year hold
+$43,010(126.6% ROI)
Projected value
$192,225
Return breakdown
Property appreciation+$22,326
Loan principal paid down+$8,684
Rental cash flow+$12,000
10-year hold
+$92,278(271.6% ROI)
Projected value
$217,485
Return breakdown
Property appreciation+$47,586
Loan principal paid down+$20,692
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.25
1 BR
0.84
2 BR
0.90
3 BR
0.88
4 BR
0.87
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37918 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37918 (Knoxville, TN) is $1,460 a month. That is up 1.4% from $1,440 in FY 2026. Knoxville 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 43 ZIP codes in Knox County, 37918 is tied for the 26th-highest two-bedroom rent (county range $1,020–$2,210). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37918 is 39% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37918
BedroomsFY 2027Change90–110% range
Studio$1,160+0.9%$1,044–$1,276
1BR$1,170+0.9%$1,053–$1,287
2BR$1,460+1.4%$1,314–$1,606
3BR$1,830+0.5%$1,647–$2,013
4BR$2,100−1.4%$1,890–$2,310

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37918
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,160$1,170$1,460$1,830$2,100
FY 2026$1,150$1,160$1,440$1,820$2,130
FY 2025$1,210$1,220$1,490$1,910$2,250
FY 2024$950$970$1,180$1,520$1,770
FY 2023$870$940$1,140$1,490$1,750

Two-bedroom rent in nearby Knox County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37918
37912$1,370−6.2%
37914$1,340−8.2%
37915$1,200−17.8%
37916$1,510+3.4%
37917$1,600+9.6%
37918Current$1,460—
37919$1,740+19.2%
37920$1,390−4.8%
37921$1,520+4.1%
37922$2,090+43.2%
37923$1,770+21.2%
37924$1,340−8.2%

Questions about ZIP 37918 rents

How much will Section 8 pay for a two-bedroom in ZIP 37918?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,460, that basic range is $1,314 to $1,606 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 37918 in?

ZIP 37918 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 37918 for FY 2027?

The two-bedroom FMR rose 1.4%, from $1,440 in FY 2026 to $1,460 in FY 2027. Since FY 2023 it has risen 28.1%.

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

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