FY2027 Small Area FMR · Chattanooga, TN

ZIP 37415 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37415 (Chattanooga, TN) is $1,500 a month, down 5.1% from FY2026. That is 12% above the Chattanooga, TN-GA area-wide FMR of $1,340.

2-bedroom SAFMR$1,500per month ▼ 5.1%

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

Rank in the area10thof 71 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,350

2 BR Small Area FMR$1,500

110% of SAFMR$1,650

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

Studio$1,320▼ 4.3%

1 BR$1,380▼ 4.2%

2 BR$1,500▼ 5.1%

3 BR$1,860▼ 5.6%

4 BR$1,970▼ 6.6%

FY2027 FY2026

Where 37415 sits in the Chattanooga, TN-GA area

Of the 71 ZIP codes HUD lists for the area, 37415 has the 10th 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 $1,350 and $1,650 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,320	$1,188 – $1,452	$1,181	$1,380
1 bedroom	$1,380	$1,242 – $1,518	$1,231	$1,440
2 bedrooms	$1,500	$1,350 – $1,650	$1,340	$1,580
3 bedrooms	$1,860	$1,674 – $2,046	$1,657	$1,970
4 bedrooms	$1,970	$1,773 – $2,167	$1,761	$2,110

A household renting a two-bedroom home at the Small Area FMR of $1,500 needs about $60,000 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 37415 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
37351	Lupton City	2.1 mi	$1,410
37406	Chattanooga	4.1 mi	$1,160
37343	Hixson	4.8 mi	$1,530
37403	Chattanooga	5.3 mi	$1,620
37450	Chattanooga	5.7 mi	$1,440
37402	Chattanooga	6.0 mi	$1,460

Questions

What is the Fair Market Rent for ZIP code 37415?

HUD's FY2027 Small Area Fair Market Rents for 37415 are $1,320 (studio), $1,380 (1 BR), $1,500 (2 BR), $1,860 (3 BR) and $1,970 (4 BR) a month.

What is the Section 8 payment standard in 37415?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37415 that range is $1,350 to $1,650 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37415?

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.