Skip to main content
Loading page
Rutherford County/Arrington/37014

37014

ZIPSAFMR
Rutherford County, TN
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$2,040$2,240
1 BR$2,120$2,330
2 BR$2,320$2,550
3 BR$2,970$3,120
4 BR$3,600$3,890
5 BR$4,140Not available
6 BR$4,761Not available
7 BR$5,475Not available
8 BR$6,296Not available

Purchase Price Calculator

Maximum purchase price
$317,012

Cost breakdown

+Likely effective rent$2,550
HUD FMR$2,320
Market rent$2,870
Est. payment standard (110%)Used$2,550
-Principal and interest-$1,603
Loan amount$253,610
Down payment$63,402
Rate6.50%
Term30 years
-Operating costs-$747
Property taxes-$317
Insurance-$175
Utilities$0
HOA$0
Management-$255
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,662(64.1% ROI)
Projected value
$341,388
Return breakdown
Property appreciation+$24,375
Loan principal paid down+$9,086
Rental cash flow+$7,200
5-year hold
+$69,861(110.2% ROI)
Projected value
$358,671
Return breakdown
Property appreciation+$41,658
Loan principal paid down+$16,203
Rental cash flow+$12,000
10-year hold
+$151,400(238.8% ROI)
Projected value
$405,803
Return breakdown
Property appreciation+$88,790
Loan principal paid down+$38,609
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.68
1 BR
0.72
2 BR
0.81
3 BR
0.93
4 BR
0.89
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37014 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37014 (Arrington, TN) is $2,320 a month. That is up 3.1% from $2,250 in FY 2026. Arrington 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. Among 25 ZIP codes in Rutherford County, 37014 has the 2nd-highest two-bedroom rent (county range $1,190–$2,700). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37014 is 121% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37014
BedroomsFY 2027Change90–110% range
Studio$2,040+4.1%$1,836–$2,244
1BR$2,120+2.9%$1,908–$2,332
2BR$2,320+3.1%$2,088–$2,552
3BR$2,970+3.1%$2,673–$3,267
4BR$3,600+2.6%$3,240–$3,960

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37014
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,040$2,120$2,320$2,970$3,600
FY 2026$1,960$2,060$2,250$2,880$3,510
FY 2025$2,070$2,150$2,380$3,000$3,700
FY 2024$1,820$1,870$2,100$2,630$3,220
FY 2023$980$990$1,130$1,430$1,780

Two-bedroom rent in nearby Rutherford County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37014
37014Current$2,320—
37018$1,410−39.2%
37020$1,490−35.8%
37037$2,270−2.2%
37046$1,930−16.8%
37060$1,640−29.3%
37085$1,600−31.0%
37086$2,080−10.3%
37089$1,730−25.4%
37090$1,700−26.7%
37118$1,260−45.7%
37122$2,280−1.7%

Questions about ZIP 37014 rents

How much will Section 8 pay for a two-bedroom in ZIP 37014?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,320, that basic range is $2,088 to $2,552 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 ZIP 37014 in?

ZIP 37014 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 ZIP 37014 for FY 2027?

The two-bedroom FMR rose 3.1%, from $2,250 in FY 2026 to $2,320 in FY 2027. Since FY 2023 it has risen 105.3%.

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

County fair market rentArrington, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources