FMR is near market; voucher and private rents are aligned.
1.08
2 BR
2 BR- 37138
1.08ratio
FMR$1,850
Market$1,710
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.08
3 BR
3 BR- 37138
1.10ratio
FMR$2,380
Market$2,170
vs market+$210
FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR- 37138
1.19ratio
FMR$2,880
Market$2,420
vs market+$460
FMR is above market; underwrite to market rent.
1.19
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
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Old Hickory, TN fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Old Hickory, TN is $1,850 a month. That is up 6.9% from $1,730 in FY 2026. Old Hickory 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 Old Hickory is 77% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Old Hickory, TN
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,510
$1,630
+7.9%
$1,467–$1,793
1BR
$1,580
$1,700
+7.6%
$1,530–$1,870
2BR
$1,730
$1,850
+6.9%
$1,665–$2,035
3BR
$2,210
$2,380
+7.7%
$2,142–$2,618
4BR
$2,700
$2,880
+6.7%
$2,592–$3,168
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Old Hickory, TN
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,630
$1,700
$1,850
$2,380
$2,880
FY 2026
$1,510
$1,580
$1,730
$2,210
$2,700
FY 2025
$1,550
$1,610
$1,780
$2,250
$2,770
FY 2024
$1,380
$1,420
$1,590
$2,000
$2,440
FY 2023
$1,240
$1,270
$1,430
$1,790
$2,210
Questions about Old Hickory, TN rents
How much will Section 8 pay for a two-bedroom in Old Hickory, TN?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,850, that basic range is $1,665 to $2,035 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 Old Hickory, TN in?
Old Hickory, 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 Old Hickory, TN for FY 2027?
The two-bedroom FMR rose 6.9%, from $1,730 in FY 2026 to $1,850 in FY 2027. Since FY 2023 it has risen 29.4%.
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 Small Area Fair Market Rents and area FMRs. 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