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Hamilton County/Chattanooga/37419

37419

ZIPSAFMR
Hamilton County, TN
Zillow

ZIP Investment Score

63Below average

095130300
BRFMR
Eff. Rent
0 BR$1,100$1,210
1 BR$1,150$1,270
2 BR$1,250$1,380
3 BR$1,550$1,710
4 BR$1,640$1,800
5 BR$1,886Not available
6 BR$2,169Not available
7 BR$2,494Not available
8 BR$2,868Not available

Purchase Price Calculator

Maximum purchase price
$143,151

Cost breakdown

+Likely effective rent$1,380
HUD FMR$1,250
Market rent$1,780
Est. payment standard (110%)Used$1,380
-Principal and interest-$724
Loan amount$114,521
Down payment$28,630
Rate6.50%
Term30 years
-Operating costs-$456
Property taxes-$143
Insurance-$175
Utilities$0
HOA$0
Management-$138
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$22,310(77.9% ROI)
Projected value
$154,158
Return breakdown
Property appreciation+$11,007
Loan principal paid down+$4,103
Rental cash flow+$7,200
5-year hold
+$38,128(133.2% ROI)
Projected value
$161,962
Return breakdown
Property appreciation+$18,811
Loan principal paid down+$7,317
Rental cash flow+$12,000
10-year hold
+$81,529(284.8% ROI)
Projected value
$183,245
Return breakdown
Property appreciation+$40,094
Loan principal paid down+$17,434
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.81
1 BR
0.77
2 BR
0.70
3 BR
0.70
4 BR
0.55
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37419 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37419 (Chattanooga, TN) is $1,250 a month. That is down 0.8% from $1,260 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, 37419 has the 28th-highest two-bedroom rent (county range $1,000–$1,820). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37419 is 19% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37419
BedroomsFY 2027Change90–110% range
Studio$1,1000.0%$990–$1,210
1BR$1,1500.0%$1,035–$1,265
2BR$1,250−0.8%$1,125–$1,375
3BR$1,550−1.3%$1,395–$1,705
4BR$1,640−2.4%$1,476–$1,804

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37419
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,100$1,150$1,250$1,550$1,640
FY 2026$1,100$1,150$1,260$1,570$1,680
FY 2025$1,110$1,160$1,290$1,620$1,760
FY 2024$950$970$1,100$1,400$1,590
FY 2023$820$830$960$1,230$1,460

Two-bedroom rent in nearby Hamilton County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37419
37408$1,690+35.2%
37409$1,440+15.2%
37410$1,070−14.4%
37411$1,260+0.8%
37412$1,330+6.4%
37414$1,440+15.2%
37415$1,500+20.0%
37416$1,290+3.2%
37419Current$1,250—
37421$1,730+38.4%
37422$1,440+15.2%
37424$1,440+15.2%

Questions about ZIP 37419 rents

How much will Section 8 pay for a two-bedroom in ZIP 37419?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,250, that basic range is $1,125 to $1,375 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 37419 in?

ZIP 37419 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 37419 for FY 2027?

The two-bedroom FMR fell 0.8%, from $1,260 in FY 2026 to $1,250 in FY 2027. Since FY 2023 it has risen 30.2%.

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