Knoxville Fair Market Rent FY 2013 Knoxville, TN MSA Rental Data

Fair Market Rent prices in Knoxville are high compared to the national average. This FMR area is more expensive than 78% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Knoxville is $741 per month.

The previous year, rent for a two-bedroom home was $661 per month. This is a 12.1% increase year-over-year.

This FMR rate applies to Briceville, TN, Norris, TN, Heiskell, TN, Andersonville, TN, Lake City, TN, Oliver Springs, TN, Clinton, TN, Powell, TN, Oak Ridge, TN, Knoxville, TN and other cities within the region. The Metro Code or CBSA code for this region is METRO28940M28940.

Additionally, This Fair Market Rent (FMR) area Knoxville, TN MSA spans one county or city in Tennessee which is listed in the table below. Estimated population of Knoxville, TN MSA FMR area is 75,129 people based on latest Census data.

Compared to the rest of Tennessee, the Knoxville FMR area is more expensive than 95% of the state.

Median Rent Prices in Knoxville

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.

50^th Percentile Rental Prices: