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Hamilton County/Apison/37302

37302

ZIPSAFMR
Hamilton County, TN
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$1,030$1,130
1 BR$1,080$1,190
2 BR$1,180$1,300
3 BR$1,470$1,620
4 BR$1,580$1,740
5 BR$1,817Not available
6 BR$2,090Not available
7 BR$2,403Not available
8 BR$2,763Not available

Purchase Price Calculator

Maximum purchase price
$131,263

Cost breakdown

+Likely effective rent$1,300
HUD FMR$1,180
Market rent$1,690
Est. payment standard (110%)Used$1,300
-Principal and interest-$664
Loan amount$105,010
Down payment$26,253
Rate6.50%
Term30 years
-Operating costs-$436
Property taxes-$131
Insurance-$175
Utilities$0
HOA$0
Management-$130
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,055(80.2% ROI)
Projected value
$141,356
Return breakdown
Property appreciation+$10,093
Loan principal paid down+$3,762
Rental cash flow+$7,200
5-year hold
+$35,958(137.0% ROI)
Projected value
$148,512
Return breakdown
Property appreciation+$17,249
Loan principal paid down+$6,709
Rental cash flow+$12,000
10-year hold
+$76,751(292.4% ROI)
Projected value
$168,028
Return breakdown
Property appreciation+$36,765
Loan principal paid down+$15,987
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.73
1 BR
0.81
2 BR
0.70
3 BR
0.74
4 BR
0.58
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37302 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37302 (Apison, TN) is $1,180 a month. That is down 9.9% from $1,310 in FY 2026. Apison 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 38 ZIP codes in Hamilton County, 37302 is tied for the 31st-highest two-bedroom rent (county range $1,000–$1,820). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37302 is 13% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37302
BedroomsFY 2027Change90–110% range
Studio$1,030−9.6%$927–$1,133
1BR$1,080−9.2%$972–$1,188
2BR$1,180−9.9%$1,062–$1,298
3BR$1,470−9.8%$1,323–$1,617
4BR$1,580−9.7%$1,422–$1,738

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37302
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,030$1,080$1,180$1,470$1,580
FY 2026$1,140$1,190$1,310$1,630$1,750
FY 2025$1,180$1,230$1,370$1,730$1,870
FY 2024$1,030$1,050$1,190$1,520$1,720
FY 2023$860$870$1,010$1,300$1,530

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37302
37302Current$1,180—
37304$1,440+22.0%
37308$1,000−15.3%
37311$1,230+4.2%
37315$1,820+54.2%
37327$1,000−15.3%
37336$1,210+2.5%
37338$1,020−13.6%
37341$1,440+22.0%
37343$1,530+29.7%
37350$1,750+48.3%
37351$1,410+19.5%

Questions about ZIP 37302 rents

How much will Section 8 pay for a two-bedroom in ZIP 37302?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,180, that basic range is $1,062 to $1,298 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 37302 in?

ZIP 37302 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 37302 for FY 2027?

The two-bedroom FMR fell 9.9%, from $1,310 in FY 2026 to $1,180 in FY 2027. Since FY 2023 it has risen 16.8%.

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

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