Housing market/Tennessee/ZIP 37877

ACS 2023 · FY2027 SAFMR

ZIP 37877 Talbott, Tennessee

Morristown, 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
9,103
Households
3,571
Median HH income
$76,191
Renter share
15.6%
Median gross rent
$978
Vacancy
7.6%
Pop. change
+2.0%
2BR SAFMR
$1,290
SAFMR / rent
1.319×
2–49 unit stock
108
LIHTC proj / units
1 / 72
HUD assisted MF
—

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 37877 · TN — sent to you.

ZIP 37877 · TN

ACS median rent$978
2BR SAFMR$1,290
90% floor$1,161
110% ceiling$1,419

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

Housing stock

ACS 2023 units-in-structure · ZCTA 37877

  • 1-unit detached3,05178.9%
  • 1-unit attached531.4%
  • 2–4 units902.3%
  • 5–49 units180.5%
  • Mobile65316.9%
TypeUnitsShare
1-unit detached3,05178.9%
1-unit attached531.4%
2 units (duplex)902.3%
3–4 units00.0%
5–9 units00.0%
10–19 units00.0%
20–49 units180.5%
50+ units00.0%
Mobile65316.9%

2–4 unit share 2.3% · 5–49 unit share 0.5% · combined 2–49 2.8%.

Units by bedrooms

Studio
0
1BR
129
2BR
828
3BR
2,054
4BR
662
5+
192

Rent burden

Rent ≥30% of income25.9%
Rent ≥50% of income5.8%
  • ACS median gross rent $978 (all bedrooms, occupied rentals).
  • Median contract rent $761.
  • Renters paying ≥30% of income 25.9%; ≥50% 5.8%.
  • FY2027 2BR SAFMR $1,290 (1.319× ACS median gross rent).

Population

9,103 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +2.0%.

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

Assisted inventory

  • LIHTC: 1 projects, 72 units.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 0 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 37877 15.6% of occupied households are renters; vacancy is 7.6%; ACS median gross rent is $978; population increased +2.0% between the 2018 and 2023 ACS vintages; the housing stock includes 90 units in 2–4-unit structures and 18 units in 5–49-unit structures; 1 LIHTC projects totaling 72 units; FY2027 2BR SAFMR is $1,290 versus ACS median gross rent of $978. 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 37877 is a Census / HUD profile for Morristown, 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 37877?

ZIP 37877 (Morristown, TN HUD Metro FMR Area) has 9,103 residents, 3,571 households, a renter share of 15.6%, median household income of $76,191, and ACS 2023 median gross rent of $978. Vacancy is 7.6%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 37877?

ACS counts 90 units in 2-unit buildings, 0 in 3–4 unit buildings, 0 in 5–9, 0 in 10–19, and 18 in 20–49. Combined 2–49 unit stock is 108 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 37877?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,290. See the full schedule and 90–110% payment-standard band on the ZIP 37877 — Talbott, TN HUD Section 8 Payment Standards / SAFMR.

Does this Tennessee ZIP profile include Georgia listings?

No. ZIP 37877 is Census / HUD research for Morristown, 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.