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FY2017 Hypothetical Small Area FMRs For Blount County, TN

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Blount County is part of the Knoxville, TN MSA.

Blount County, TN Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
37701 $520 $670 $810 $1,030 $1,330 1.026
37737 $450 $580 $700 $890 $1,150 0.887
37742 $500 $650 $780 $990 $1,280 0.984
37777 $450 $590 $710 $910 $1,160 0.889
37801 $500 $650 $780 $990 $1,280 0.987
37802 $490 $640 $770 $980 $1,260 0.976
37803 $520 $680 $820 $1,050 $1,340 1.038
37804 $510 $660 $800 $1,020 $1,310 1.014
37853 $420 $540 $650 $830 $1,070 0.825
37865 $540 $700 $850 $1,080 $1,390 1.077
37878 $490 $640 $770 $980 $1,260 0.976
37882 $520 $680 $820 $1,050 $1,340 1.029
37886 $580 $740 $900 $1,150 $1,480 1.137
37920 $500 $650 $790 $1,010 $1,300 0.990

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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