Location: Chattanooga, TN | Metro: Chattanooga, TN-GA MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,080 | $199,022 | 0.54% | F |
| 3BR | $1,350 | $263,810 | 0.51% | F |
U.S. Census Bureau data (2024)
Wildwood, Georgia's ZIP code 30757 is a small, predominantly owner-occupied neighborhood with a population of 1,589. Only 27.1% of residents are renters, indicating a community where homeownership is valued. The median household income stands at $60,947, suggesting a middle-class area. Median home values in the region are slightly above average at $226,129, reflecting the modest prosperity of the neighborhood.
The economic landscape for rental properties in ZIP 30757 is favorable for investors. The Fair Market Rent (FMR) for the zip code in fiscal year 2024 is set at $1,080, which is notably higher than the current market rent of $731 as reported by the Census Bureau's American Community Survey. This disparity presents an opportunity for landlords and small-portfolio investors to leverage the federal subsidy program to secure higher rental income while providing affordable housing options.
Given these figures, ZIP 30757 is well-suited for both hands-off voucher operators and hands-on value-add buyers. Voucher operators can benefit from the higher FMR rates without needing to actively manage property improvements or tenant relations beyond basic maintenance. On the other hand, value-add buyers might find potential in upgrading properties to command closer to the FMR rates, thereby increasing their cash flow significantly. Both strategies can be effective, depending on the investor's goals and management style.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.