Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 37327 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37327 (Dunlap, TN) is $1,000 a month. That is down 7.4% from $1,080 in FY 2026. Dunlap 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, 37327 is tied for the 37th-highest two-bedroom rent (county range $1,000–$1,820). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37327 is 5% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 37327
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$930
$870
−6.5%
$783–$957
1BR
$970
$900
−7.2%
$810–$990
2BR
$1,080
$1,000
−7.4%
$900–$1,100
3BR
$1,340
$1,230
−8.2%
$1,107–$1,353
4BR
$1,450
$1,320
−9.0%
$1,188–$1,452
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 37327
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$870
$900
$1,000
$1,230
$1,320
FY 2026
$930
$970
$1,080
$1,340
$1,450
FY 2025
$990
$1,030
$1,150
$1,450
$1,580
FY 2024
$880
$900
$1,020
$1,300
$1,480
FY 2023
$750
$760
$880
$1,130
$1,340
Two-bedroom rent in nearby Hamilton County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 37327?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,000, that basic range is $900 to $1,100 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 37327 in?
ZIP 37327 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 37327 for FY 2027?
The two-bedroom FMR fell 7.4%, from $1,080 in FY 2026 to $1,000 in FY 2027. Since FY 2023 it has risen 13.6%.
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