Carter County, TN

2024 Fair Market Rents

Tags: 2024 Johnson City, TN MSA

Return to the state page to see where Tennessee ranks nationally and to view information on other counties. Click on the map to view a different county.

The top four largest cities in Carter County are Johnson City, Elizabethton, Mountain City, and Roan Mountain. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.

What type of FMR does Carter County use?

Small Area Fair Market Rents were created by the HUD for this county/Metro Fmr Area however Carter County is not required to use Small Area FMRs by the HUD. It is at the discretion of the local Housing Authority to determine if SAFMRs or 40th percentile FMRs are used.

To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.

How does Carter County compare?

Carter County ($1,070) has a 3.3% higher FMR for 2-Bedroom housing than the average of Tennessee ($1,036) and therefore a higher gross rent.

Carter County is rank 29th out of 95 counties. This means the FMRs, or in other words, the gross rent is higher than 66 other counties. Carter County is the 29th most expensive county in terms of FMRs.

Rent Tables Carter County, TN

Fair Market Rent (40th Percentile)

$864
studio
$870
1-Bedroom
$1,070
2-Bedroom
$1,343
3-Bedroom
$1,561
4-Bedroom

Median Rent (50th Percentile)

$938
studio
$944
1-Bedroom
$1,161
2-Bedroom
$1,457
3-Bedroom
$1,694
4-Bedroom

Small Market Areas (By Zip Code)

The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.

FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.

For a more in-depth explaination return to the overview page.

ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
37601 $890 $890 $1,100 $1,380 $1,600
37604 $930 $930 $1,150 $1,440 $1,680
37640 $780 $790 $970 $1,220 $1,420
37643 $780 $790 $970 $1,220 $1,420
37658 $700 $700 $860 $1,080 $1,260
37682 $890 $890 $1,100 $1,380 $1,600
37683 $780 $780 $960 $1,200 $1,400
37687 $870 $880 $1,080 $1,360 $1,580
37694 $750 $750 $930 $1,170 $1,360
37694 $750 $750 $930 $1,170 $1,360
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
37601 $801 $801 $990 $1,242 $1,440
37604 $837 $837 $1,035 $1,296 $1,512
37640 $702 $711 $873 $1,098 $1,278
37643 $702 $711 $873 $1,098 $1,278
37658 $630 $630 $774 $972 $1,134
37682 $801 $801 $990 $1,242 $1,440
37683 $702 $702 $864 $1,080 $1,260
37687 $783 $792 $972 $1,224 $1,422
37694 $675 $675 $837 $1,053 $1,224
37694 $675 $675 $837 $1,053 $1,224
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
37601 $979 $979 $1,210 $1,518 $1,760
37604 $1,023 $1,023 $1,265 $1,584 $1,848
37640 $858 $869 $1,067 $1,342 $1,562
37643 $858 $869 $1,067 $1,342 $1,562
37658 $770 $770 $946 $1,188 $1,386
37682 $979 $979 $1,210 $1,518 $1,760
37683 $858 $858 $1,056 $1,320 $1,540
37687 $957 $968 $1,188 $1,496 $1,738
37694 $825 $825 $1,023 $1,287 $1,496
37694 $825 $825 $1,023 $1,287 $1,496

Fair Market Rents on this page apply to the following cities in Carter County, Tennessee: Johnson City, Elizabethton, Mountain City, Roan Mountain, Hampton, Butler, Watauga, and Milligan College.

These Fair Market Rents also apply to the following ZIP codes in Carter County, Tennessee: 37601, 37643, 37604, 37683, 37687, 37658, 37640, 37694, and 37682.

Carter County, TN is considered part of the following metro FMR area: JOHNSON CITY, TN MSA.

Other counties in the same metro FMR area are: Unicoi County, TN, and Washington County, TN.

More on Carter County, TN

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Data Source

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Fair Market Rents are published by the Department of Housing And Urban Development.