FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR- 37315
1.10ratio
FMR$2,250
Market$2,050
vs market+$200
FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR- 37315
0.90ratio
FMR$2,390
Market$2,670
vs market-$280
FMR is below market; voucher rent may lag private rents.
0.90
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Collegedale, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Collegedale, TN is $1,820 a month. That is down 2.7% from $1,870 in FY 2026. Collegedale is in the Chattanooga, TN-GA MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Tennessee is $1,048, so Collegedale is 74% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Collegedale, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,630
$1,600
−1.8%
$1,440–$1,760
1BR
$1,700
$1,670
−1.8%
$1,503–$1,837
2BR
$1,870
$1,820
−2.7%
$1,638–$2,002
3BR
$2,330
$2,250
−3.4%
$2,025–$2,475
4BR
$2,490
$2,390
−4.0%
$2,151–$2,629
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Collegedale, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,600
$1,670
$1,820
$2,250
$2,390
FY 2026
$1,630
$1,700
$1,870
$2,330
$2,490
FY 2025
$1,610
$1,680
$1,870
$2,360
$2,550
FY 2024
$1,360
$1,380
$1,570
$2,000
$2,270
FY 2023
$960
$970
$1,120
$1,440
$1,700
Questions about Collegedale, TN rents
How much will Section 8 pay for a two-bedroom in Collegedale, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,820, that basic range is $1,638 to $2,002 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Collegedale, TN in?
Collegedale, TN is in the Chattanooga, TN-GA MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Collegedale, TN for FY 2027?
The two-bedroom FMR fell 2.7%, from $1,870 in FY 2026 to $1,820 in FY 2027. Since FY 2023 it has risen 62.5%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set