Location: Monroe County, TN | Metro: Knoxville, TN HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,720 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,370 | $277,922 | 0.49% | F |
| 3BR | $1,720 | $410,601 | 0.42% | F |
| 4BR | $1,970 | $541,154 | 0.36% | F |
| 5BR | $2,285 | $643,403 | 0.36% | F |
U.S. Census Bureau data (2024)
The dynamics of the ZIP code 37801, located in Maryville, TN, reveal a market in motion. The Fair Market Rent (FMR) for the area stands at $1100 for fiscal year 2024, significantly lower than the actual market rent, which is measured at $1,865 according to ZORI. This disparity indicates that the market rent is well above the government's benchmark for affordability, suggesting a robust rental market.
The 0.3% price-cut share and a days-on-market (DOM) figure of 33 days further highlight the active nature of the market. These low percentages and quick sales times suggest that properties are selling without substantial discounts and relatively quickly, indicating a strong demand for homes. The median home value in the area is $398,467, reflecting a stable housing market with values that are likely to be attractive to both buyers and sellers.
Arenter share of 28.4% is noteworthy in understanding the long-term housing pressures. This percentage suggests that a significant portion of the population is renting, which can indicate ongoing housing affordability challenges for some residents. However, it also points to a steady demand for rental properties, as a sizable number of people prefer or need to rent rather than buy. This scenario supports the idea that the rental market will continue to be a vital component of the local economy.
Given the snapshot of the data, it appears that demand is currently outpacing supply, as evidenced by the quick sales times and minimal price cuts. Landlords and small-portfolio investors should find the rental market in Maryville, TN, to be promising, with a consistent flow of renters willing to pay above the FMR. The mix of homeowners and renters in the area provides a balanced market that could offer opportunities for both types of investment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.