What is the Fair Market Rent in Red Bank, TN?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 37415, which covers Red Bank, is $1,500 a month.

Across the whole Chattanooga, TN-GA MSA the two-bedroom figure is $1,340.

The Census Bureau’s median gross rent for a two-bedroom home in Red Bank is $1,315 (±$83), below the Small Area figure for ZIP 37415.

Figures last updated on November 12, 2026.

2 bedrooms, whole area: $1,340
2 bedrooms, ZIP 37415: $1,500

Fair Market Rents for Red Bank, fiscal year 2027

HUD Fair Market Rent, dollars a month (gross rent, including utilities), beside the Census Bureau’s median gross rent for each ZIP code
	Studio	1 bedroom	2 bedrooms	3 bedrooms	4 bedrooms	Census median rent
Chattanooga, TN-GA MSA (whole area)	$1,181	$1,231	$1,340	$1,657	$1,761	—
ZIP 37415 (29% of the ZIP’s land is in this place)	$1,320	$1,380	$1,500	$1,860	$1,970	$1,332

A Fair Market Rent is HUD’s estimate of the gross rent (shelter plus utilities) of a modest rental home in the area.

Whether a housing authority uses the ZIP code (Small Area) figures or the area-wide one depends on whether HUD has designated the area for Small Area FMRs or the authority has opted in; ask the local housing authority which applies.

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Questions about Red Bank

What is the Section 8 payment standard in Red Bank?

Housing authorities set payment standards between 90% and 110% of HUD’s Fair Market Rent; for fiscal year 2027, the two-bedroom Fair Market Rent for the Chattanooga, TN-GA MSA is $1,340, and the Small Area figure for 37415 is $1,500.

What is the Fair Market Rent for a two-bedroom in ZIP 37415?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a two-bedroom home in ZIP 37415 is $1,500 a month; the Census Bureau’s median gross rent across that ZIP code, for homes of every size, is $1,332 (±$35).

What is the Fair Market Rent for a one-bedroom in Red Bank?

HUD’s fiscal year 2027 Small Area Fair Market Rent for a one-bedroom home in ZIP 37415 is $1,380 a month, against $1,231 across the Chattanooga, TN-GA MSA.

Sources

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.