FMR is near market; voucher and private rents are aligned.
0.92
1 BR
1 BR- 37363
1.00ratio
FMR$1,670
Market$1,670
vs market+$0
FMR is near market; voucher and private rents are aligned.
1.00
2 BR
2 BR- 37363
1.01ratio
FMR$1,820
Market$1,800
vs market+$20
FMR is near market; voucher and private rents are aligned.
1.01
3 BR
3 BR- 37363
1.05ratio
FMR$2,250
Market$2,140
vs market+$110
FMR is near market; voucher and private rents are aligned.
1.05
4 BR
4 BR- 37363
0.93ratio
FMR$2,390
Market$2,560
vs market-$170
FMR is near market; voucher and private rents are aligned.
0.93
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
--
Ooltewah, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Ooltewah, TN is $1,820 a month. That is down 2.7% from $1,870 in FY 2026. Ooltewah 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 Ooltewah is 74% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Ooltewah, 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 Ooltewah, 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
$1,130
$1,140
$1,320
$1,700
$2,000
Questions about Ooltewah, TN rents
How much will Section 8 pay for a two-bedroom in Ooltewah, 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 Ooltewah, TN in?
Ooltewah, 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 Ooltewah, 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 37.9%.
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