ZIP 37379 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 37379 in the Chattanooga, TN-GA MSA FMR area.

Chattanooga, TN-GA MSA

$1,040Efficiency
$1,0801 bedroom
$1,1802 bedrooms
$1,4603 bedrooms
$1,5504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,040$936$1,144$1,181
1 bedroom$1,080$972$1,188$1,231
2 bedrooms$1,180$1,062$1,298$1,340
3 bedrooms$1,460$1,314$1,606$1,657
4 bedrooms$1,550$1,395$1,705$1,761

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Bledsoe County, TN

$1,040Efficiency
$1,0801 bedroom
$1,1802 bedrooms
$1,4603 bedrooms
$1,5504 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$1,040$936$1,144$825
1 bedroom$1,080$972$1,188$830
2 bedrooms$1,180$1,062$1,298$1,086
3 bedrooms$1,460$1,314$1,606$1,294
4 bedrooms$1,550$1,395$1,705$1,489

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 37379

$85,692average adjusted gross income per tax return (2022)
$59,834average salaries and wages per return
13,180tax returns filed
17%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00024.7%
$25,000 to $50,00021.4%
$50,000 to $75,00014.8%
$75,000 to $100,00011.4%
$100,000 to $200,00021.0%
$200,000 or more6.8%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 12.0% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 37379?

HUD's FY2027 Small Area FMRs for ZIP 37379 (Chattanooga, TN-GA MSA) are $1,040 efficiency, $1,080 one bedroom, $1,180 two bedrooms, $1,460 three and $1,550 four bedrooms.

What payment standard can a housing authority set in ZIP 37379?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $1,062 to $1,298.

How affordable is rent in ZIP 37379?

Tax returns filed from ZIP 37379 reported an average adjusted gross income of $85,692 (2022). A two-bedroom unit at the Small Area FMR costs $14,160 a year, or 17% of that income.