City Median Investment Score
82Below average
| BR | FMR | Eff. Rent | 3Y CAGR |
|---|---|---|---|
| 0 BR | $1,210▲ | $1,210 | -0.5% |
| 1 BR | $1,230▲ | $1,230 | -0.5% |
| 2 BR | $1,570▲ | $1,570 | 3.4% |
| 3 BR | $2,070▲ | $2,070 | 4.6% |
| 4 BR | $2,580▲ | $2,580 | 7.8% |
| 5 BR | $2,967▲ | —Not available | 7.8% |
| 6 BR | $3,412▲ | —Not available | 7.8% |
| 7 BR | $3,924▲ | —Not available | 7.8% |
| 8 BR | $4,512▲ | —Not available | 7.8% |
Public Housing Authority
Rolodex
Market Alignment
Not enough rental comps in this area to determine how FMR aligns with current market rates.
- FMR
- FY2027
- Property value
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- Tax rate
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- Mortgage rate
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Sewanee, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Sewanee, TN is $1,570 a month. That is up 7.5% from $1,460 in FY 2026. Sewanee 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 Sewanee is 50% above it.
FY 2027 rent by bedroom
| Bedrooms | FY 2026 | FY 2027 | Change | 90–110% range |
|---|---|---|---|---|
| Studio | $1,130 | $1,210 | +7.1% | $1,089–$1,331 |
| 1BR | $1,140 | $1,230 | +7.9% | $1,107–$1,353 |
| 2BR | $1,460 | $1,570 | +7.5% | $1,413–$1,727 |
| 3BR | $1,930 | $2,070 | +7.3% | $1,863–$2,277 |
| 4BR | $2,350 | $2,580 | +9.8% | $2,322–$2,838 |
Fair market rent history, FY 2023–2027
| Fiscal year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY 2027 | $1,210 | $1,230 | $1,570 | $2,070 | $2,580 |
| FY 2026 | $1,130 | $1,140 | $1,460 | $1,930 | $2,350 |
| FY 2025 | $1,100 | $1,115 | $1,410 | $1,850 | $2,210 |
| FY 2024 | $1,230 | $1,250 | $1,420 | $1,810 | $2,060 |
| FY 2023 | $1,020 | $1,030 | $1,200 | $1,540 | $1,820 |
Questions about Sewanee, TN rents
How much will Section 8 pay for a two-bedroom in Sewanee, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,570, that basic range is $1,413 to $1,727 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 Sewanee, TN in?
Sewanee, 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 Sewanee, TN for FY 2027?
The two-bedroom FMR rose 7.5%, from $1,460 in FY 2026 to $1,570 in FY 2027. Since FY 2023 it has risen 30.8%.
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