Housing market/Tennessee/ZIP 37921

ACS 2023 · FY2027 SAFMR

ZIP 37921 Knoxville, Tennessee

Knoxville, TN HUD Metro FMR Area · Tennessee. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
29,064
Households
11,518
Median HH income
$57,813
Renter share
39.1%
Median gross rent
$1,147
Vacancy
11.2%
Pop. change
+8.4%
2BR SAFMR
$1,520
SAFMR / rent
1.325×
2–49 unit stock
2,643
LIHTC proj / units
5 / 423
HUD assisted MF
5 / 834

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 37921 · TN — sent to you.

ZIP 37921 · TN

ACS median rent$1,147
2BR SAFMR$1,520
90% floor$1,368
110% ceiling$1,672

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 37921

  • 1-unit detached9,14370.6%
  • 1-unit attached6895.3%
  • 2–4 units8986.9%
  • 5–49 units1,74513.5%
  • 50+ units1431.1%
  • Mobile3412.6%
TypeUnitsShare
1-unit detached9,14370.5%
1-unit attached6895.3%
2 units (duplex)3402.6%
3–4 units5584.3%
5–9 units8066.2%
10–19 units7415.7%
20–49 units1981.5%
50+ units1431.1%
Mobile3412.6%

2–4 unit share 6.9% · 5–49 unit share 13.5% · combined 2–49 20.4%.

Units by bedrooms

Studio
173
1BR
427
2BR
4,250
3BR
6,333
4BR
1,551
5+
235

Rent burden

Rent ≥30% of income45.6%
Rent ≥50% of income22.0%
  • ACS median gross rent $1,147 (all bedrooms, occupied rentals).
  • Median contract rent $898.
  • Renters paying ≥30% of income 45.6%; ≥50% 22.0%.
  • FY2027 2BR SAFMR $1,520 (1.325× ACS median gross rent).

Population

29,064 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +8.4%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 5 projects, 423 units.
  • HUD project-based assisted MF: 5 properties, 834 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 2,437 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 37921 39.1% of occupied households are renters; vacancy is 11.2%; ACS median gross rent is $1,147; population increased +8.4% between the 2018 and 2023 ACS vintages; the housing stock includes 898 units in 2–4-unit structures and 1,745 units in 5–49-unit structures; 5 LIHTC projects totaling 423 units; FY2027 2BR SAFMR is $1,520 versus ACS median gross rent of $1,147. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Tennessee research

ZIP 37921 is a Census / HUD profile for Knoxville, TN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

Nearby ZIPs in this FMR area

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Tennessee research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 37921?

ZIP 37921 (Knoxville, TN HUD Metro FMR Area) has 29,064 residents, 11,518 households, a renter share of 39.1%, median household income of $57,813, and ACS 2023 median gross rent of $1,147. Vacancy is 11.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 37921?

ACS counts 340 units in 2-unit buildings, 558 in 3–4 unit buildings, 806 in 5–9, 741 in 10–19, and 198 in 20–49. Combined 2–49 unit stock is 2,643 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 37921?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,520. See the full schedule and 90–110% payment-standard band on the ZIP 37921 — Knoxville, TN HUD Section 8 Payment Standards / SAFMR.

Does this Tennessee ZIP profile include Georgia listings?

No. ZIP 37921 is Census / HUD research for Knoxville, TN HUD Metro FMR Area. Jeff Crowe CRE does not list Tennessee property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.