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SAFMR by ZIP/Tennessee/ZIP 37406

FY2027 SAFMR · Oct 1, 2026 – Sep 30, 2027

ZIP 37406 Chattanooga, TennesseeSection 8 / HUD Payment Standards

HUD Small Area Fair Market Rent and Section 8 payment-standard information for ZIP 37406. These figures are the Housing Choice Voucher benchmark, not the PHA’s adopted payment standard. Local authorities usually set that standard between 90% and 110% of the table below. Numbers are gross rents (contract rent + essential utilities). FMR area: Chattanooga, TN-GA MSA. Housing stock for this ZIP: ZIP 37406 — Chattanooga, TN housing and small multifamily market.

Efficiency
$1,020
1BR SAFMR
$1,070
2BR SAFMR
$1,160
3BR SAFMR
$1,430
4BR SAFMR
$1,520
2BR 90% floor
$1,044
2BR 110% ceiling
$1,276
ACS median rent
$944
SAFMR / ACS rent
1.229×
Renter share
52.8%
Vacancy
11.5%
2–49 unit stock
1,322

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 37406 · TN — sent to you.

ZIP 37406 · TN

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ACS rent vs 2BR SAFMR

ZIP 37406 — Chattanooga, TN housing and small multifamily market →
ACS median rent$944
2BR SAFMR$1,160
90% floor$1,044
110% ceiling$1,276

ACS median gross rent is all bedrooms. SAFMR is bedroom-specific.

FY2027 SAFMR schedule

UnitSAFMR90% floor110% ceiling
Efficiency$1,020$918$1,122
1 Bedroom$1,070$963$1,177
2 Bedroom$1,160$1,044$1,276
3 Bedroom$1,430$1,287$1,573
4 Bedroom$1,520$1,368$1,672

Source: HUD Small Area Fair Market Rents FY2027.HUD dataset. 90/110% is the statutory band a PHA may adopt — it is not the adopted local payment standard.

2BR SAFMR here is $1,160 versus a $1,170 median across 12 other published ZIPs in this metro set (below the local SAFMR midpoint).

ZIP 37406 calculators · FY2027

Runs in your browser. Payment standard is a what-if inside the statutory 90–110% band — not the PHA’s adopted schedule.Income limits are HUD FY2026.

SAFMR
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Assumed PS
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Max contract rent
—
RCS 150% line
—

Enter asking rent to place it in the 90–110% band.

HAP sketch

Sketch only: 30% of gross monthly income, no deductions, no min-rent, no 40% cap test. Confirm with the PHA.

HUD income limits · Chattanooga, TN-GA · FY2026

30% AMI
—
50% AMI
—
80% AMI
—
Area median
$97,400

HCV targeting is generally at or below 50% AMI, with 75% of new admissions at or below 30% AMI. Limits are for the FMR area, not the ZIP.

Investor

Use the 2BR/3BR SAFMR as a voucher-underwriting check on 2–4 and small 5–50 unit product, not as market rent. Voucher Spread™ (SAFMR vs FMLS small multifamily) is published on qualifying Georgia ZIPs only.

Landlord / PHA

Payment standard ≠ asking rent. Confirm the adopted 90–110% schedule and the utility allowance. Rent reasonableness still applies even when asking rent sits inside the band.

Voucher household

The figures are gross-rent benchmarks. A unit at the SAFMR with tenant-paid utilities will clear less contract rent than the headline number. Ask the PHA for the current utility schedule before you tour.

37406 is HUD research for Tennessee. Brokerage is Georgia; out-of-state work is referral.

ZIP 37406 — Chattanooga, TN housing and small multifamily market·Tennessee SAFMR directory·SAFMR by state·Investment analyzer

Nearby ZIPs in this metro

ZIPPlace1BR2BR3BR
30707Chickamauga$980$1,070$1,32030725Flintstone$920$1,000$1,26030726Chattanooga, TN-GA$1,090$1,190$1,47030728LaFayette$920$1,000$1,24030738Rising Fawn$920$1,060$1,37030739Rock Spring$1,100$1,220$1,53030741Rossville$1,100$1,200$1,48030742Fort Oglethorpe$1,100$1,200$1,48030750Lookout Mountain$1,070$1,170$1,45030752Trenton$980$1,070$1,32030757Wildwood$990$1,080$1,35037302Apison, TN$1,080$1,180$1,470

FAQ

What is the Section 8 rent in ZIP 37406?

On Jeff Crowe CRE, HUD’s FY2027 Small Area Fair Market Rents for 37406 (Chattanooga, TN (East Lake)) — the Section 8 / Housing Choice Voucher benchmark — are $1,020 efficiency, $1,070 1-bedroom, $1,160 2-bedroom, $1,430 3-bedroom, and $1,520 4-bedroom. These are gross rents (contract rent + essential utilities), effective October 1, 2026 through September 30, 2027. The PHA’s payment standard is usually 90–110% of SAFMR, not the SAFMR itself.

How much will Section 8 pay for a 2-bedroom in 37406?

Jeff Crowe CRE lists the FY2027 2-bedroom SAFMR for 37406 at $1,160. A typical payment-standard band is $1,044 to $1,276 (90–110% of SAFMR). Actual HAP depends on the adopted PHA schedule, the utility allowance, household income, and rent reasonableness. Confirm with the administering PHA.

What is the Section 8 payment standard in 37406?

HUD does not publish each PHA’s adopted payment standard. Jeff Crowe CRE shows the statutory 90–110% band around the FY2027 SAFMR for ZIP 37406: 1BR $963–$1,177, 2BR $1,044–$1,276, 3BR $1,287–$1,573. Ask the local housing authority for the current schedule and utility allowance.

Is the SAFMR the same as the Section 8 payment standard?

No. On Jeff Crowe CRE, SAFMR is HUD’s ZIP-level Fair Market Rent. The payment standard is what the PHA adopts, usually between 90% and 110% of SAFMR. Contract rent can differ again after the utility allowance. Asking rent can sit above the payment standard; the household pays the gap if the PHA allows it.

What is the HUD Fair Market Rent for 37406?

Jeff Crowe CRE publishes the HUD Fair Market Rent used for Housing Choice Vouchers in ZIP 37406 as the FY2027 Small Area FMR: $1,020 efficiency, $1,070 1BR, $1,160 2BR, $1,430 3BR, $1,520 4BR.

Why is 37406 a Small Area FMR instead of one metro-wide number?

37406 is in the Chattanooga, TN-GA MSA FMR area. Jeff Crowe CRE maps HUD SAFMR at the ZIP so voucher holders can reach neighborhoods whose rents sit above or below the metro average.

How should a small multifamily investor use the 37406 SAFMR?

Jeff Crowe CRE treats SAFMR as a bid floor/ceiling check for voucher-heavy rentals in Chattanooga, TN (East Lake) — not as market rent. Confirm the administering PHA’s adopted payment standard. Voucher Spread™ (SAFMR vs FMLS small multifamily) is published on Jeff Crowe CRE for Georgia ZIPs that clear the sample threshold.

Where is the housing-stock profile for ZIP 37406?

Jeff Crowe CRE publishes Census housing stock, renter share, small-multifamily composition, LIHTC inventory, and 2018–2023 population change for ZIP 37406 on the ZIP 37406 — Chattanooga, TN housing and small multifamily market. This page is the HUD SAFMR / Section 8 schedule only.