ZIP Code · TN

ZIP 37934

Part of Farragut, TN

Pop. 28,272·Knox County·14th most expensive ZIP in Tennessee

Median rent (all units)

$2,154/mo

Year-over-Year

+2.9%

Month-over-Month

Stable

vs US Median

+$222

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 37934 · $2,154

More expensive than 68% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,770

1 BR

$1,780

2 BR

$2,210

3 BR

$2,800

4 BR+

$3,260

Research median

$2,210/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 37934 is at its highest level since Zillow's records here began in April 2022.

Past year vs. the rest of Tennessee

Rent in ZIP 37934 changed +2.9% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 4 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($132,264) is $3,307 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,260).

Cheaper nearby

ZIP 37922, 4 miles away, rents for 13% less ($1,873/mo), about $3,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 37934. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$25,848/yr

At $2,154/mo median

Location

CityFarragut

StateTN

CountyKnox County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.9% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 37934 (Farragut, TN) is majority owner-occupied, has a large retiree population, has a median income above the national average, 62.6% of residents hold a bachelor's degree or higher.

Population

28,272

Median income

$132,264

Median age

44.9

Renters

14.1%

Age distribution

22.7%

13.6%

29.2%

13%

21.4%

Under 1822.7%

18–3413.6%

35–5429.2%

55–6413%

65+21.4%

Gender

49.2%

50.8%

Male49.2%

Female50.8%

Race & ethnicity

87.5%

White87.5%

Black1.5%

Hispanic2.8%

Asian4.3%

Other3.9%

Education (25+)

12.1%

22.9%

62.6%

No HS diploma2.4%

HS diploma12.1%

Some college22.9%

Bachelor's+62.6%

Housing tenure

85.9%

14.1%

Owner85.9%

Renter14.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 37934 in Farragut, TN has changed in 5 years

Rent

$1,879 → $2,154

up 14.6%

Income

$109,727 → $132,264

up 20.5%

Population

27,423 → 28,272

up 3.1%

Renter share

14.2% → 14.1%

-0.1 pts

Bachelor's+

61.9% → 62.6%

+0.7 pts

Median age

46.2 → 44.9

-1.3 yrs

Compared with 2022, rent in ZIP 37934 in Farragut, TN has increased by $275 per month, settling near $2,154 after starting the period at $1,879. Median household income grew from $109,727 to $132,264 between 2021 and 2024, a 20.5% shift. Income growth outran rent by about 5.9 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 27,423 to 28,272 between 2021 and 2024, a 3.1% change. Taken together, the five-year picture in ZIP 37934 in Farragut, TN reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 37934

Last updated: October 17, 2026

ZIP code 37934 covers Farragut, TN. The median rent here is $2,154/mo as of October 2026. A 1-bedroom rents for a median of $1,780/mo. A 2-bedroom rents for a median of $2,210/mo.

At 20% of local median household income ($132,264/yr), ZIP 37934 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37934?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (about $41/hour full-time) to afford the median rent of $2,154/mo in ZIP 37934. The local median household income is $132,264/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 37934?

Rent in ZIP 37934 has risen 2.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in April 2022.

How does ZIP 37934 compare to other ZIPs in Tennessee?

ZIP 37934 is one of the pricier among Tennessee ZIP codes for rent, ranking #14 of 147 at $2,154/mo. Over the year to September 2026, rent in ZIP 37934 changed +2.9%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.