ZIP 37615 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 37615 in the Johnson City, TN MSA FMR area.

Johnson City, TN MSA

$1,010Efficiency
$1,0201 bedroom
$1,3002 bedrooms
$1,5703 bedrooms
$1,7304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,010$909$1,111$942
1 bedroom$1,020$918$1,122$948
2 bedrooms$1,300$1,170$1,430$1,211
3 bedrooms$1,570$1,413$1,727$1,461
4 bedrooms$1,730$1,557$1,903$1,609

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Kingsport-Bristol, TN-VA MSA

$1,010Efficiency
$1,0201 bedroom
$1,3002 bedrooms
$1,5703 bedrooms
$1,7304 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,010$909$1,111$760
1 bedroom$1,020$918$1,122$845
2 bedrooms$1,300$1,170$1,430$1,091
3 bedrooms$1,570$1,413$1,727$1,375
4 bedrooms$1,730$1,557$1,903$1,465

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 37615

$94,944average adjusted gross income per tax return (2022)
$63,163average salaries and wages per return
11,280tax returns filed
16%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00024.9%
$25,000 to $50,00022.5%
$50,000 to $75,00014.8%
$75,000 to $100,0009.8%
$100,000 to $200,00019.2%
$200,000 or more8.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 11.6% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 37615?

HUD's FY2027 Small Area FMRs for ZIP 37615 (Johnson City, TN MSA) are $1,010 efficiency, $1,020 one bedroom, $1,300 two bedrooms, $1,570 three and $1,730 four bedrooms.

What payment standard can a housing authority set in ZIP 37615?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,170 to $1,430.

How affordable is rent in ZIP 37615?

Tax returns filed from ZIP 37615 reported an average adjusted gross income of $94,944 (2022). A two-bedroom unit at the Small Area FMR costs $15,600 a year, or 16% of that income.