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2025 FMR And Section 8 Rents For Morristown TN

Section 8 is a federal program that guarantees monthly rent payments to landlords. The U.S. Department of Housing and Urban Development (HUD) publishes Fair Market Rents, which are 40th percentile averages of local rents, to determine their standard payment amount.

Use our Section 8 rents table to find the best market for Section 8 investment. See Section 8 rents in each zip code of morristown, TN.

Typically, the government guarantees 70% of the rent payment, and the tenant pays the remaining 30%. Section 8 tenants typically stay in their units 6-7x longer than regular tenants.

Zip CodeStudio1 Bed2 Bed3 Bed4 Bed
47381$920$930$1170$1540$1820
47359$787$792$1023$1375$1653
47360$910$910$1180$1590$1910
47373$787$792$1023$1375$1653
47368$810$810$1050$1410$1700
47371$790$800$1030$1380$1660
47367$787$792$1023$1375$1653
47384$787$792$1023$1375$1653
47380$787$792$1023$1375$1653
47361$787$792$1023$1375$1653
47374$787$792$1023$1375$1653
47382$870$870$1130$1520$1830
47383$820$820$1060$1420$1710
47385$787$792$1023$1375$1653
47362$940$950$1160$1500$1740
47369$790$800$1030$1380$1660

Zip Code:

47381

Studio Rent:

$920

1 Bedroom Rent:

$930

2 Bedroom Rent:

$1170

3 Bedroom Rent:

$1540

4 Bedroom Rent:

$1820

Zip Code:

47359

Studio Rent:

$787

1 Bedroom Rent:

$792

2 Bedroom Rent:

$1023

3 Bedroom Rent:

$1375

4 Bedroom Rent:

$1653

Zip Code:

47360

Studio Rent:

$910

1 Bedroom Rent:

$910

2 Bedroom Rent:

$1180

3 Bedroom Rent:

$1590

4 Bedroom Rent:

$1910

Zip Code:

47373

Studio Rent:

$787

1 Bedroom Rent:

$792

2 Bedroom Rent:

$1023

3 Bedroom Rent:

$1375

4 Bedroom Rent:

$1653

Zip Code:

47368

Studio Rent:

$810

1 Bedroom Rent:

$810

2 Bedroom Rent:

$1050

3 Bedroom Rent:

$1410

4 Bedroom Rent:

$1700

Zip Code:

47371

Studio Rent:

$790

1 Bedroom Rent:

$800

2 Bedroom Rent:

$1030

3 Bedroom Rent:

$1380

4 Bedroom Rent:

$1660

Zip Code:

47367

Studio Rent:

$787

1 Bedroom Rent:

$792

2 Bedroom Rent:

$1023

3 Bedroom Rent:

$1375

4 Bedroom Rent:

$1653

Zip Code:

47384

Studio Rent:

$787

1 Bedroom Rent:

$792

2 Bedroom Rent:

$1023

3 Bedroom Rent:

$1375

4 Bedroom Rent:

$1653

Zip Code:

47380

Studio Rent:

$787

1 Bedroom Rent:

$792

2 Bedroom Rent:

$1023

3 Bedroom Rent:

$1375

4 Bedroom Rent:

$1653

Zip Code:

47361

Studio Rent:

$787

1 Bedroom Rent:

$792

2 Bedroom Rent:

$1023

3 Bedroom Rent:

$1375

4 Bedroom Rent:

$1653

Zip Code:

47374

Studio Rent:

$787

1 Bedroom Rent:

$792

2 Bedroom Rent:

$1023

3 Bedroom Rent:

$1375

4 Bedroom Rent:

$1653

Zip Code:

47382

Studio Rent:

$870

1 Bedroom Rent:

$870

2 Bedroom Rent:

$1130

3 Bedroom Rent:

$1520

4 Bedroom Rent:

$1830

Zip Code:

47383

Studio Rent:

$820

1 Bedroom Rent:

$820

2 Bedroom Rent:

$1060

3 Bedroom Rent:

$1420

4 Bedroom Rent:

$1710

Zip Code:

47385

Studio Rent:

$787

1 Bedroom Rent:

$792

2 Bedroom Rent:

$1023

3 Bedroom Rent:

$1375

4 Bedroom Rent:

$1653

Zip Code:

47362

Studio Rent:

$940

1 Bedroom Rent:

$950

2 Bedroom Rent:

$1160

3 Bedroom Rent:

$1500

4 Bedroom Rent:

$1740

Zip Code:

47369

Studio Rent:

$790

1 Bedroom Rent:

$800

2 Bedroom Rent:

$1030

3 Bedroom Rent:

$1380

4 Bedroom Rent:

$1660

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Frequently Asked Section 8 Investing Questions

Fair Market Rent (FMR): HUD sets FMR by bedroom size for each area.

Payment Standard: The local PHA sets this between 90–110% of the FMR. It's the max PHA assistance.

Gross Rent: Contract rent (charged by landlord) + utility allowance (estimated tenant utility costs). Must fit payment standard limits.

Housing Assistance Payment (HAP):

The PHA pays the lower of:

  • Payment standard - Tenant's Total Tenant Payment (TTP).
  • Gross rent - TTP.

Example:

  • Payment standard: $1,500
  • Contract rent: $1,400
  • Utility allowance: $100
  • Tenant's TTP: $400
  • Gross rent: $1,500 ($1,400 + $100).
  • HAP: $1,100 (lower of $1,500 - $400 or $1,500 - $400).

Landlord receives $1,100 (PHA) + $400 (tenant) = $1,500 total.