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Blount County/Knoxville/37920

37920

ZIPSAFMR
Blount County, TN
Zillow

ZIP Investment Score

76Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,110
1 BR$1,110$1,180
2 BR$1,390$1,530
3 BR$1,740$1,910
4 BR$2,000$2,200
5 BR$2,300Not available
6 BR$2,645Not available
7 BR$3,042Not available
8 BR$3,498Not available

Purchase Price Calculator

Maximum purchase price
$165,441

Cost breakdown

+Likely effective rent$1,530
HUD FMR$1,390
Market rent$1,770
Est. payment standard (110%)Used$1,530
-Principal and interest-$837
Loan amount$132,353
Down payment$33,088
Rate6.50%
Term30 years
-Operating costs-$493
Property taxes-$165
Insurance-$175
Utilities$0
HOA$0
Management-$153
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,663(74.5% ROI)
Projected value
$178,162
Return breakdown
Property appreciation+$12,721
Loan principal paid down+$4,742
Rental cash flow+$7,200
5-year hold
+$42,196(127.5% ROI)
Projected value
$187,181
Return breakdown
Property appreciation+$21,740
Loan principal paid down+$8,456
Rental cash flow+$12,000
10-year hold
+$90,487(273.5% ROI)
Projected value
$211,778
Return breakdown
Property appreciation+$46,337
Loan principal paid down+$20,149
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.99
1 BR
0.92
2 BR
0.79
3 BR
0.79
4 BR
0.81
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37920 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37920 (Knoxville, TN) is $1,390 a month. That is up 4.5% from $1,330 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 15 ZIP codes in Blount County, 37920 has the 6th-highest two-bedroom rent (county range $1,030–$1,670). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37920 is 33% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37920
BedroomsFY 2027Change90–110% range
Studio$1,100+3.8%$990–$1,210
1BR$1,110+3.7%$999–$1,221
2BR$1,390+4.5%$1,251–$1,529
3BR$1,740+3.6%$1,566–$1,914
4BR$2,000+2.0%$1,800–$2,200

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37920
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,110$1,390$1,740$2,000
FY 2026$1,060$1,070$1,330$1,680$1,960
FY 2025$1,090$1,090$1,340$1,720$2,020
FY 2024$850$860$1,050$1,360$1,600
FY 2023$780$840$1,020$1,330$1,560

Two-bedroom rent in nearby Blount County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37920
37772$1,670+20.1%
37777$1,030−25.9%
37801$1,370−1.4%
37802$1,330−4.3%
37803$1,380−0.7%
37804$1,450+4.3%
37853$1,100−20.9%
37865$1,540+10.8%
37878$1,320−5.0%
37882$1,280−7.9%
37886$1,380−0.7%
37920Current$1,390—

Questions about ZIP 37920 rents

How much will Section 8 pay for a two-bedroom in ZIP 37920?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,390, that basic range is $1,251 to $1,529 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 37920 in?

ZIP 37920 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 37920 for FY 2027?

The two-bedroom FMR rose 4.5%, from $1,330 in FY 2026 to $1,390 in FY 2027. Since FY 2023 it has risen 36.3%.

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