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Fair Market Rent Prices in Morristown, TN :
$489 $511 $677 $932 $935
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 78% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Morristown is $677 per month.

The previous year, rent for a two-bedroom home was $667 per month. This is a 1.5% increase year-over-year.

This FMR rate applies to Lowland, TN, Whitesburg, TN, Russellville, TN, White Pine, TN, New Market, TN, Strawberry Plains, TN, Talbott, TN, Kodak, TN, Jefferson City, TN, Dandridge, 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 two counties or cities in Tennessee which ares listed in the table below. Estimated population of Morristown, TN MSA FMR area is 113,951 people based on latest Census data.

Compared to the rest of Tennessee, the Morristown FMR area is more expensive than 71% 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 $ 513
1-BR 1-Bedroom $ 536
2-BR 2-Bedroom $ 710
3-BR 3-Bedroom $ 978
4-BR 4-Bedroom $ 981
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 one metro area: Knoxville.

County / Region Est. Population
Hamblen County, TN Metro 62,544
Jefferson County, TN Metro 51,407
Zip Codes in Morristown, TN MSA

There are 15 unique zip codes in this Fair Market Rent (FMR) area:

37725, 37760, 37764, 37778, 37813, 37814, 37815, 37816, 37820, 37860, 37871, 37876, 37877, 37890 and 37891

Lookup Fair Market Rent by Zip Code
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