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TN/Sumner County/Mitchellville

Mitchellville, TN

CityFMR
Sumner County
Found 1 ZIP
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City Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,585$1,590
1 BR$1,650$1,550
2 BR$1,798$1,660
3 BR$2,309$1,830
4 BR$2,799$1,950
5 BR$3,219Not available
6 BR$3,702Not available
7 BR$4,257Not available
8 BR$4,895Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,798
Market rentUsed$1,660
Est. payment standard (95%)$1,710
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
1.06
2 BR
1.08
3 BR
1.26
4 BR
1.44
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Mitchellville, TN fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in Mitchellville, TN is $1,798 a month. That is up 3.9% from $1,730 in FY 2026. Mitchellville is in the Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Tennessee is $1,048, so Mitchellville is 72% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Mitchellville, TN
BedroomsFY 2027Change90–110% range
Studio$1,585+5.2%$1,427–$1,744
1BR$1,650+4.6%$1,485–$1,815
2BR$1,798+3.9%$1,618–$1,978
3BR$2,309+4.4%$2,078–$2,540
4BR$2,799+3.8%$2,519–$3,079

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Mitchellville, TN
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,585$1,650$1,798$2,309$2,799
FY 2026$1,507$1,578$1,730$2,211$2,696
FY 2025$1,589$1,650$1,827$2,308$2,840
FY 2024$1,404$1,442$1,619$2,035$2,482
FY 2023$1,218$1,245$1,406$1,758$2,173

Questions about Mitchellville, TN rents

How much will Section 8 pay for a two-bedroom in Mitchellville, TN?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,798, that basic range is $1,618 to $1,978 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Mitchellville, TN in?

Mitchellville, TN is in the Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Mitchellville, TN for FY 2027?

The two-bedroom FMR rose 3.9%, from $1,730 in FY 2026 to $1,798 in FY 2027. Since FY 2023 it has risen 27.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Fair Market Rents. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set