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Hamilton County/Lupton City/37351

37351

ZIPSAFMR
Hamilton County, TN
Zillow

ZIP Investment Score

91Below average

095130300
BRFMR
Eff. Rent
0 BR$1,240$1,020
1 BR$1,300$1,280
2 BR$1,410$1,450
3 BR$1,750$1,930
4 BR$1,850$2,040
5 BR$2,128Not available
6 BR$2,447Not available
7 BR$2,814Not available
8 BR$3,236Not available

Purchase Price Calculator

Maximum purchase price
$153,553

Cost breakdown

+Likely effective rent$1,450
HUD FMR$1,410
Market rent$1,470
Est. payment standard (103%)Used$1,450
-Principal and interest-$776
Loan amount$122,842
Down payment$30,711
Rate6.50%
Term30 years
-Operating costs-$474
Property taxes-$154
Insurance-$175
Utilities$0
HOA$0
Management-$145
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,408(76.2% ROI)
Projected value
$165,360
Return breakdown
Property appreciation+$11,807
Loan principal paid down+$4,401
Rental cash flow+$7,200
5-year hold
+$40,027(130.3% ROI)
Projected value
$173,731
Return breakdown
Property appreciation+$20,178
Loan principal paid down+$7,848
Rental cash flow+$12,000
10-year hold
+$85,709(279.1% ROI)
Projected value
$196,561
Return breakdown
Property appreciation+$43,008
Loan principal paid down+$18,701
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.22
1 BR
1.02
2 BR
0.96
3 BR
0.83
4 BR
0.75
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37351 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37351 (Lupton City, TN) is $1,410 a month. That is down 4.7% from $1,480 in FY 2026. Lupton City 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, 37351 has the 21st-highest two-bedroom rent (county range $1,000–$1,820). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37351 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37351
BedroomsFY 2027Change90–110% range
Studio$1,240−3.9%$1,116–$1,364
1BR$1,300−3.7%$1,170–$1,430
2BR$1,410−4.7%$1,269–$1,551
3BR$1,750−5.4%$1,575–$1,925
4BR$1,850−6.6%$1,665–$2,035

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37351
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,240$1,300$1,410$1,750$1,850
FY 2026$1,290$1,350$1,480$1,850$1,980
FY 2025$1,280$1,340$1,490$1,870$2,020
FY 2024$1,140$1,160$1,340$1,710$2,030
FY 2023$1,260$1,280$1,480$1,900$2,250

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37351
37327$1,000−29.1%
37336$1,210−14.2%
37338$1,020−27.7%
37341$1,440+2.1%
37343$1,530+8.5%
37350$1,750+24.1%
37351Current$1,410—
37353$1,300−7.8%
37363$1,820+29.1%
37373$1,310−7.1%
37377$1,480+5.0%
37379$1,180−16.3%

Questions about ZIP 37351 rents

How much will Section 8 pay for a two-bedroom in ZIP 37351?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,410, that basic range is $1,269 to $1,551 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 37351 in?

ZIP 37351 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 37351 for FY 2027?

The two-bedroom FMR fell 4.7%, from $1,480 in FY 2026 to $1,410 in FY 2027. Since FY 2023 it has fallen 4.7%.

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 rentLupton City, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources