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Sequatchie County/Signal Mountain/37377

37377

ZIPSAFMR
Sequatchie County, TN
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,300$1,010
1 BR$1,360$1,300
2 BR$1,480$1,490
3 BR$1,830$2,010
4 BR$1,950$2,150
5 BR$2,243Not available
6 BR$2,579Not available
7 BR$2,966Not available
8 BR$3,411Not available

Purchase Price Calculator

Maximum purchase price
$159,497

Cost breakdown

+Likely effective rent$1,490
HUD FMR$1,480
Market rent$1,490
Est. payment standard (100%)Used$1,490
-Principal and interest-$807
Loan amount$127,598
Down payment$31,899
Rate6.50%
Term30 years
-Operating costs-$483
Property taxes-$159
Insurance-$175
Utilities$0
HOA$0
Management-$149
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,035(75.3% ROI)
Projected value
$171,761
Return breakdown
Property appreciation+$12,264
Loan principal paid down+$4,572
Rental cash flow+$7,200
5-year hold
+$41,111(128.9% ROI)
Projected value
$180,456
Return breakdown
Property appreciation+$20,959
Loan principal paid down+$8,152
Rental cash flow+$12,000
10-year hold
+$88,098(276.2% ROI)
Projected value
$204,170
Return breakdown
Property appreciation+$44,673
Loan principal paid down+$19,425
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.29
1 BR
1.05
2 BR
0.99
3 BR
0.82
4 BR
0.70
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37377 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37377 (Signal Mountain, TN) is $1,480 a month. That is down 5.7% from $1,570 in FY 2026. Signal 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 9 ZIP codes in Sequatchie County, 37377 has the highest two-bedroom rent (county range $1,000–$1,480). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37377 is 41% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37377
BedroomsFY 2027Change90–110% range
Studio$1,300−5.1%$1,170–$1,430
1BR$1,360−4.9%$1,224–$1,496
2BR$1,480−5.7%$1,332–$1,628
3BR$1,830−6.6%$1,647–$2,013
4BR$1,950−7.6%$1,755–$2,145

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37377
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,300$1,360$1,480$1,830$1,950
FY 2026$1,370$1,430$1,570$1,960$2,110
FY 2025$1,480$1,550$1,720$2,170$2,340
FY 2024$1,360$1,380$1,570$2,000$2,270
FY 2023$1,190$1,200$1,390$1,790$2,110

Two-bedroom rent in nearby Sequatchie County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37377
37110$1,050−29.1%
37327$1,000−32.4%
37338$1,020−31.1%
37365$1,000−32.4%
37367$1,090−26.4%
37377Current$1,480—
37379$1,180−20.3%
37397$1,000−32.4%
38585$1,000−32.4%

Questions about ZIP 37377 rents

How much will Section 8 pay for a two-bedroom in ZIP 37377?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,480, that basic range is $1,332 to $1,628 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 37377 in?

ZIP 37377 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 37377 for FY 2027?

The two-bedroom FMR fell 5.7%, from $1,570 in FY 2026 to $1,480 in FY 2027. Since FY 2023 it has risen 6.5%.

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 rentSignal Mountain, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources