FY2027 Small Area FMR · Signal Mountain, TN
ZIP 37377 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37377 (Signal Mountain, TN) is $1,480 a month, down 5.7% from FY2026. That is 10% above the Chattanooga, TN-GA area-wide FMR of $1,340.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 37377 sits in the Chattanooga, TN-GA area
Of the 71 ZIP codes HUD lists for the area, 37377 has the 11th 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 $1,332 and $1,628 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,300 | $1,170 – $1,430 | $1,181 | $1,370 |
| 1 bedroom | $1,360 | $1,224 – $1,496 | $1,231 | $1,430 |
| 2 bedrooms | $1,480 | $1,332 – $1,628 | $1,340 | $1,570 |
| 3 bedrooms | $1,830 | $1,647 – $2,013 | $1,657 | $1,960 |
| 4 bedrooms | $1,950 | $1,755 – $2,145 | $1,761 | $2,110 |
A household renting a two-bedroom home at the Small Area FMR of $1,480 needs about $59,200 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 37377 lies mainly in Hamilton County, Sequatchie County and Marion County. See the Chattanooga, TN-GA metro page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 37377?
HUD's FY2027 Small Area Fair Market Rents for 37377 are $1,300 (studio), $1,360 (1 BR), $1,480 (2 BR), $1,830 (3 BR) and $1,950 (4 BR) a month.
What is the Section 8 payment standard in 37377?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37377 that range is $1,332 to $1,628 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 37377?
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.