FMR is near market; voucher and private rents are aligned.
1.08
2 BR
2 BR- 37350
1.07ratio
FMR$1,750
Market$1,630
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.07
3 BR
3 BR- 37350
1.04ratio
FMR$2,160
Market$2,070
vs market+$90
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR- 37350
0.89ratio
FMR$2,300
Market$2,570
vs market-$270
FMR is below market; voucher rent may lag private rents.
0.89
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
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Lookout Mountain, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Lookout Mountain, TN is $1,750 a month. That is down 7.9% from $1,900 in FY 2026. Lookout Mountain 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 Lookout Mountain is 67% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Lookout Mountain, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,660
$1,540
−7.2%
$1,386–$1,694
1BR
$1,730
$1,610
−6.9%
$1,449–$1,771
2BR
$1,900
$1,750
−7.9%
$1,575–$1,925
3BR
$2,370
$2,160
−8.9%
$1,944–$2,376
4BR
$2,530
$2,300
−9.1%
$2,070–$2,530
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Lookout Mountain, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,540
$1,610
$1,750
$2,160
$2,300
FY 2026
$1,660
$1,730
$1,900
$2,370
$2,530
FY 2025
$1,270
$1,330
$1,470
$1,860
$2,000
FY 2024
$1,050
$1,070
$1,210
$1,540
$1,750
FY 2023
$930
$960
$1,140
$1,480
$1,780
Questions about Lookout Mountain, TN rents
How much will Section 8 pay for a two-bedroom in Lookout Mountain, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,750, that basic range is $1,575 to $1,925 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 Lookout Mountain, TN in?
Lookout Mountain, 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 Lookout Mountain, TN for FY 2027?
The two-bedroom FMR fell 7.9%, from $1,900 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 53.5%.
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