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Hamilton County/Chattanooga/37411

37411

ZIPSAFMR
Hamilton County, TN
Zillow

ZIP Investment Score

99Above average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,070
1 BR$1,160$1,130
2 BR$1,260$1,360
3 BR$1,560$1,690
4 BR$1,660$1,830
5 BR$1,909Not available
6 BR$2,195Not available
7 BR$2,525Not available
8 BR$2,903Not available

Purchase Price Calculator

Maximum purchase price
$140,179

Cost breakdown

+Likely effective rent$1,360
HUD FMR$1,260
Market rent$1,420
Est. payment standard (108%)Used$1,360
-Principal and interest-$709
Loan amount$112,143
Down payment$28,036
Rate6.50%
Term30 years
-Operating costs-$451
Property taxes-$140
Insurance-$175
Utilities$0
HOA$0
Management-$136
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,996(78.5% ROI)
Projected value
$150,957
Return breakdown
Property appreciation+$10,778
Loan principal paid down+$4,018
Rental cash flow+$7,200
5-year hold
+$37,586(134.1% ROI)
Projected value
$158,600
Return breakdown
Property appreciation+$18,421
Loan principal paid down+$7,165
Rental cash flow+$12,000
10-year hold
+$80,334(286.5% ROI)
Projected value
$179,441
Return breakdown
Property appreciation+$39,262
Loan principal paid down+$17,073
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
1.03
2 BR
0.89
3 BR
0.89
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37411 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37411 (Chattanooga, TN) is $1,260 a month. That is down 6.0% from $1,340 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, 37411 has the 27th-highest two-bedroom rent (county range $1,000–$1,820). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37411 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37411
BedroomsFY 2027Change90–110% range
Studio$1,110−5.1%$999–$1,221
1BR$1,160−4.9%$1,044–$1,276
2BR$1,260−6.0%$1,134–$1,386
3BR$1,560−6.6%$1,404–$1,716
4BR$1,660−7.3%$1,494–$1,826

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37411
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,160$1,260$1,560$1,660
FY 2026$1,170$1,220$1,340$1,670$1,790
FY 2025$1,190$1,240$1,380$1,740$1,880
FY 2024$1,010$1,030$1,170$1,490$1,690
FY 2023$860$870$1,010$1,300$1,530

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37411
37404$1,270+0.8%
37405$1,690+34.1%
37406$1,160−7.9%
37407$1,130−10.3%
37408$1,690+34.1%
37409$1,440+14.3%
37410$1,070−15.1%
37411Current$1,260—
37412$1,330+5.6%
37414$1,440+14.3%
37415$1,500+19.0%
37416$1,290+2.4%

Questions about ZIP 37411 rents

How much will Section 8 pay for a two-bedroom in ZIP 37411?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,260, that basic range is $1,134 to $1,386 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 37411 in?

ZIP 37411 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 37411 for FY 2027?

The two-bedroom FMR fell 6.0%, from $1,340 in FY 2026 to $1,260 in FY 2027. Since FY 2023 it has risen 24.8%.

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