FY2027 Small Area FMR · Ooltewah, TN

ZIP 37363 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37363 (Ooltewah, TN) is $1,820 a month, down 2.7% from FY2026. That is 36% above the Chattanooga, TN-GA area-wide FMR of $1,340.

2-bedroom SAFMR$1,820per month ▼ 2.7%

Area-wide 2 BR FMR$1,340Chattanooga, TN-GA

Rank in the area1stof 71 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,638

2 BR Small Area FMR$1,820

110% of SAFMR$2,002

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,600▼ 1.8%

1 BR$1,670▼ 1.8%

2 BR$1,820▼ 2.7%

3 BR$2,250▼ 3.4%

4 BR$2,390▼ 4.0%

FY2027 FY2026

Where 37363 sits in the Chattanooga, TN-GA area

Of the 71 ZIP codes HUD lists for the area, 37363 has the 1st highest two-bedroom Small Area FMR. Chattanooga, TN-GA is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,638 and $2,002 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,600	$1,440 – $1,760	$1,181	$1,630
1 bedroom	$1,670	$1,503 – $1,837	$1,231	$1,700
2 bedrooms	$1,820	$1,638 – $2,002	$1,340	$1,870
3 bedrooms	$2,250	$2,025 – $2,475	$1,657	$2,330
4 bedrooms	$2,390	$2,151 – $2,629	$1,761	$2,490

A household renting a two-bedroom home at the Small Area FMR of $1,820 needs about $72,800 a year to keep housing costs at 30% of income. The area median family income is $97,400 and the 80% low-income limit for four people is $77,900. ZIP code 37363 lies mainly in Hamilton County. See the Chattanooga, TN-GA metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
37315	Collegedale	4.1 mi	$1,820
37353	Mc Donald	4.3 mi	$1,300
37416	Chattanooga	6.5 mi	$1,290
37421	Chattanooga	7.0 mi	$1,730
37302	Apison	7.3 mi	$1,180
37311	Cleveland	7.6 mi	$1,230

Questions

What is the Fair Market Rent for ZIP code 37363?

HUD's FY2027 Small Area Fair Market Rents for 37363 are $1,600 (studio), $1,670 (1 BR), $1,820 (2 BR), $2,250 (3 BR) and $2,390 (4 BR) a month.

What is the Section 8 payment standard in 37363?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37363 that range is $1,638 to $2,002 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37363?

The FY2026 income limits of the Chattanooga, TN-GA area apply: median family income $97,400, low-income (80%) limit $77,900 for a family of four.