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Sequatchie County/McMinnville/37110

37110

ZIPSAFMR
Sequatchie County, TN
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$800$620
1 BR$800$660
2 BR$1,050$740
3 BR$1,250$1,380
4 BR$1,380$1,520
5 BR$1,587Not available
6 BR$1,825Not available
7 BR$2,099Not available
8 BR$2,414Not available

Purchase Price Calculator

Maximum purchase price
$48,047

Cost breakdown

+Likely effective rent$740
HUD FMR$1,050
Market rentUsed$740
Est. payment standard (90%)$950
-Principal and interest-$243
Loan amount$38,438
Down payment$9,609
Rate6.50%
Term30 years
-Operating costs-$297
Property taxes-$48
Insurance-$175
Utilities$0
HOA$0
Management-$74
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$12,272(127.7% ROI)
Projected value
$51,742
Return breakdown
Property appreciation+$3,694
Loan principal paid down+$1,377
Rental cash flow+$7,200
5-year hold
+$20,770(216.1% ROI)
Projected value
$54,361
Return breakdown
Property appreciation+$6,314
Loan principal paid down+$2,456
Rental cash flow+$12,000
10-year hold
+$43,309(450.7% ROI)
Projected value
$61,504
Return breakdown
Property appreciation+$13,457
Loan principal paid down+$5,852
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.29
1 BR
1.21
2 BR
1.42
3 BR
0.83
4 BR
0.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37110 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37110 (McMinnville, TN) is $1,050 a month. That is up 8.2% from $970 in FY 2026. McMinnville is in the Chattanooga, TN-GA MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 9 ZIP codes in Sequatchie County, 37110 has the 4th-highest two-bedroom rent (county range $1,000–$1,480).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37110
BedroomsFY 2027Change90–110% range
Studio$800+8.1%$720–$880
1BR$800+8.1%$720–$880
2BR$1,050+8.2%$945–$1,155
3BR$1,250+6.8%$1,125–$1,375
4BR$1,380+5.3%$1,242–$1,518

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37110
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$800$800$1,050$1,250$1,380
FY 2026$740$740$970$1,170$1,310
FY 2025$810$810$930$1,170$1,450
FY 2024$890$900$1,020$1,290$1,610
FY 2023$980$990$1,130$1,430$1,780

Two-bedroom rent in nearby Sequatchie County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37110
37110Current$1,050—
37327$1,000−4.8%
37338$1,020−2.9%
37365$1,000−4.8%
37367$1,090+3.8%
37377$1,480+41.0%
37379$1,180+12.4%
37397$1,000−4.8%
38585$1,000−4.8%

Questions about ZIP 37110 rents

How much will Section 8 pay for a two-bedroom in ZIP 37110?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,050, that basic range is $945 to $1,155 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 ZIP 37110 in?

ZIP 37110 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 ZIP 37110 for FY 2027?

The two-bedroom FMR rose 8.2%, from $970 in FY 2026 to $1,050 in FY 2027. Since FY 2023 it has fallen 7.1%.

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

County fair market rentMcMinnville, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources