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RentData.org Logo Morristown Fair Market Rent FY 2022 Morristown, TN HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Morristown, TN :
$577 $581 $763 $1,054 $1,128
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Morristown are low compared to the national average. This FMR area is less expensive than 52% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Morristown is $763 per month.

This FMR rate applies to Lowland, TN, Whitesburg, TN, Russellville, TN, White Pine, TN, Talbott, TN, Morristown, TN and other cities within the region. The Metro Code or CBSA code for this region is METRO34100M34100.

Additionally, This Fair Market Rent (FMR) area Morristown, TN HUD Metro FMR Area spans one county or city in Tennessee which is listed in the table below. Estimated population of Morristown, TN HUD Metro FMR Area FMR area is 63,465 people based on latest Census data.

Compared to the rest of Tennessee, the Morristown FMR area is more expensive than 80% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Morristown. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Morristown

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 612
1-BR 1-Bedroom $ 616
2-BR 2-Bedroom $ 810
3-BR 3-Bedroom $ 1119
4-BR 4-Bedroom $ 1197
Change Year:
2016 2022 2023 2024 2025

There is just one county (listed below) within the Morristown, TN HUD Metro FMR Area FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers one metro area: Knoxville.

County / Region Est. Population
Morristown, TN Metro 63,465
Zip Codes in Morristown, TN HUD Metro FMR Area

There are 9 unique zip codes in this Fair Market Rent (FMR) area:

37778, 37813, 37814, 37815, 37816, 37860, 37877, 37890 and 37891

Lookup Fair Market Rent by Zip Code

What's Next?

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