37350

ZIPSAFMR

Hamilton County, TN

ZIP Investment Score

32Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,540	$1,240	13.6%
1 BR	$1,610	$1,490	14.6%
2 BR	$1,750	$1,630	13.1%
3 BR	$2,160	$2,070	11.9%
4 BR	$2,300	$2,480	9.5%
5 BR	$2,645	Not available	9.5%
6 BR	$3,042	Not available	9.5%
7 BR	$3,498	Not available	9.5%
8 BR	$4,023	Not available	9.5%

Purchase Price Calculator

Maximum purchase price

$180,301

Cost breakdown

+Likely effective rent$1,630

HUD FMR$1,750

Market rentUsed$1,630

Est. payment standard (96%)$1,670

-Principal and interest-$912

Loan amount$144,241

Down payment$36,060

Rate6.50%

Term30 years

-Operating costs-$518

Property taxes-$180

Insurance-$175

Utilities$0

HOA$0

Management-$163

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$26,231(72.7% ROI)

Projected value

$194,164

Return breakdown

Property appreciation+$13,863

Loan principal paid down+$5,168

Rental cash flow+$7,200

5-year hold

+$44,909(124.5% ROI)

Projected value

$203,994

Return breakdown

Property appreciation+$23,693

Loan principal paid down+$9,216

Rental cash flow+$12,000

10-year hold

+$96,458(267.5% ROI)

Projected value

$230,800

Return breakdown

Property appreciation+$50,499

Loan principal paid down+$21,959

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.24ratio

FMR$1,540

Market$1,240

vs market+$300

FMR is above market; underwrite to market rent.

1.24

1 BR

1.08ratio

FMR$1,610

Market$1,490

vs market+$120

FMR is near market; voucher and private rents are aligned.

1.08

2 BR

1.07ratio

FMR$1,750

Market$1,630

vs market+$120

FMR is near market; voucher and private rents are aligned.

1.07

3 BR

1.04ratio

FMR$2,160

Market$2,070

vs market+$90

FMR is near market; voucher and private rents are aligned.

1.04

4 BR

0.89ratio

FMR$2,300

Market$2,570

vs market-$270

FMR is below market; voucher rent may lag private rents.

0.89

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: --

ZIP 37350 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37350 (Lookout Mountain, TN) is $1,750 a month. That is down 7.9% from $1,900 in FY 2026. Lookout Mountain 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, 37350 has the 3rd-highest two-bedroom rent (county range $1,000–$1,820). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37350 is 67% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37350
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,660	$1,540	−7.2%	$1,386–$1,694
1BR	$1,730	$1,610	−6.9%	$1,449–$1,771
2BR	$1,900	$1,750	−7.9%	$1,575–$1,925
3BR	$2,370	$2,160	−8.9%	$1,944–$2,376
4BR	$2,530	$2,300	−9.1%	$2,070–$2,530

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37350
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,540	$1,610	$1,750	$2,160	$2,300
FY 2026	$1,660	$1,730	$1,900	$2,370	$2,530
FY 2025	$1,270	$1,330	$1,470	$1,860	$2,000
FY 2024	$1,050	$1,070	$1,210	$1,540	$1,750
FY 2023	$930	$960	$1,140	$1,480	$1,780

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 37350
37327	$1,000	−42.9%
37336	$1,210	−30.9%
37338	$1,020	−41.7%
37341	$1,440	−17.7%
37343	$1,530	−12.6%
37350Current	$1,750	—
37351	$1,410	−19.4%
37353	$1,300	−25.7%
37363	$1,820	+4.0%
37373	$1,310	−25.1%
37377	$1,480	−15.4%
37379	$1,180	−32.6%

Questions about ZIP 37350 rents

How much will Section 8 pay for a two-bedroom in ZIP 37350?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,750, that basic range is $1,575 to $1,925 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 37350 in?

ZIP 37350 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 37350 for FY 2027?

The two-bedroom FMR fell 7.9%, from $1,900 in FY 2026 to $1,750 in FY 2027. Since FY 2023 it has risen 53.5%.

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 rent Lookout Mountain, TN fair market rent TN statewide rents What is SAFMR?Data sources