ZIP 37640 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 37640 in the Johnson City, TN MSA FMR area.

Johnson City, TN MSA

$800Efficiency
$8801 bedroom
$1,0202 bedrooms
$1,3003 bedrooms
$1,4004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$800$720$880$942
1 bedroom$880$792$968$948
2 bedrooms$1,020$918$1,122$1,211
3 bedrooms$1,300$1,170$1,430$1,461
4 bedrooms$1,400$1,260$1,540$1,609

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

Johnson County, TN

$800Efficiency
$8801 bedroom
$1,0202 bedrooms
$1,3003 bedrooms
$1,4004 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$800$720$880$761
1 bedroom$880$792$968$914
2 bedrooms$1,020$918$1,122$995
3 bedrooms$1,300$1,170$1,430$1,333
4 bedrooms$1,400$1,260$1,540$1,365

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

Income in ZIP 37640

$75,720average adjusted gross income per tax return (2022)
$46,066average salaries and wages per return
1,430tax returns filed
16%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00030.1%
$25,000 to $50,00025.9%
$50,000 to $75,00016.8%
$75,000 to $100,0009.1%
$100,000 to $200,00012.6%
$200,000 or more5.6%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 21.7% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 37640?

HUD's FY2027 Small Area FMRs for ZIP 37640 (Johnson City, TN MSA) are $800 efficiency, $880 one bedroom, $1,020 two bedrooms, $1,300 three and $1,400 four bedrooms.

What payment standard can a housing authority set in ZIP 37640?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $918 to $1,122.

How affordable is rent in ZIP 37640?

Tax returns filed from ZIP 37640 reported an average adjusted gross income of $75,720 (2022). A two-bedroom unit at the Small Area FMR costs $12,240 a year, or 16% of that income.