Skip to main content
Loading page
Hamilton County/Chattanooga/37410

37410

ZIPSAFMR
Hamilton County, TN
Zillow

ZIP Investment Score

114Above average

095130300
BRFMR
Eff. Rent
0 BR$940$1,030
1 BR$980$1,080
2 BR$1,070$1,180
3 BR$1,320$1,450
4 BR$1,410$1,550
5 BR$1,621Not available
6 BR$1,865Not available
7 BR$2,144Not available
8 BR$2,466Not available

Purchase Price Calculator

Maximum purchase price
$113,431

Cost breakdown

+Likely effective rent$1,180
HUD FMR$1,070
Market rent$1,550
Est. payment standard (110%)Used$1,180
-Principal and interest-$574
Loan amount$90,745
Down payment$22,686
Rate6.50%
Term30 years
-Operating costs-$406
Property taxes-$113
Insurance-$175
Utilities$0
HOA$0
Management-$118
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,173(84.5% ROI)
Projected value
$122,153
Return breakdown
Property appreciation+$8,722
Loan principal paid down+$3,251
Rental cash flow+$7,200
5-year hold
+$32,703(144.2% ROI)
Projected value
$128,337
Return breakdown
Property appreciation+$14,906
Loan principal paid down+$5,798
Rental cash flow+$12,000
10-year hold
+$69,585(306.7% ROI)
Projected value
$145,201
Return breakdown
Property appreciation+$31,770
Loan principal paid down+$13,815
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.82
1 BR
0.74
2 BR
0.69
3 BR
0.68
4 BR
0.59
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37410 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37410 (Chattanooga, TN) is $1,070 a month. That is down 2.7% from $1,100 in FY 2026. Chattanooga 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, 37410 has the 35th-highest two-bedroom rent (county range $1,000–$1,820). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37410 is 2% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37410
BedroomsFY 2027Change90–110% range
Studio$940−2.1%$846–$1,034
1BR$980−2.0%$882–$1,078
2BR$1,070−2.7%$963–$1,177
3BR$1,320−3.6%$1,188–$1,452
4BR$1,410−4.1%$1,269–$1,551

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37410
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$940$980$1,070$1,320$1,410
FY 2026$960$1,000$1,100$1,370$1,470
FY 2025$990$1,040$1,150$1,450$1,570
FY 2024$870$880$1,000$1,270$1,450
FY 2023$730$740$860$1,110$1,300

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37410
37404$1,270+18.7%
37405$1,690+57.9%
37406$1,160+8.4%
37407$1,130+5.6%
37408$1,690+57.9%
37409$1,440+34.6%
37410Current$1,070—
37411$1,260+17.8%
37412$1,330+24.3%
37414$1,440+34.6%
37415$1,500+40.2%
37416$1,290+20.6%

Questions about ZIP 37410 rents

How much will Section 8 pay for a two-bedroom in ZIP 37410?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,070, that basic range is $963 to $1,177 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 37410 in?

ZIP 37410 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 37410 for FY 2027?

The two-bedroom FMR fell 2.7%, from $1,100 in FY 2026 to $1,070 in FY 2027. Since FY 2023 it has risen 24.4%.

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