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RentData.org Logo Morristown Fair Market Rent FY 2009 Morristown, TN MSA Rental Data

Fair Market Rent Prices in Morristown, TN :
$447 $449 $539 $707 $797
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 very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Morristown is $539 per month.

The previous year, rent for a two-bedroom home was $517 per month. This is a 4.26% increase year-over-year.

This FMR rate applies to Lowland, TN, Powder Springs, TN, Washburn, TN, Mascot, TN, Mooresburg, TN, Luttrell, TN, Whitesburg, TN, Blaine, TN, Russellville, TN, Bean Station, 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 MSA spans three counties or cities in which ares listed in the table below. Estimated population of Morristown, TN MSA FMR area is 123,081 people based on latest Census data.

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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 $ 474
1-BR 1-Bedroom $ 476
2-BR 2-Bedroom $ 576
3-BR 3-Bedroom $ 769
4-BR 4-Bedroom $ 923
Change Year:

The counties, cities, towns, and regions listed below fall into the Morristown, TN MSA FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Knoxville and Tri - Cities, Tn - Va.

County / Region Est. Population
Grainger County, TN Metro 20,659
Hamblen County, TN Metro 58,128
Jefferson County, TN Metro 44,294
Zip Codes in Morristown, TN MSA

There are 23 unique zip codes in this Fair Market Rent (FMR) area:

37708, 37709, 37725, 37760, 37764, 37778, 37779, 37806, 37811, 37813, 37814, 37815, 37816, 37820, 37848, 37860, 37861, 37871, 37876, 37877, 37888, 37890 and 37891

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