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Wilson County/Auburntown/37016

37016

ZIPSAFMR
Wilson County, TN
Zillow

ZIP Investment Score

80Below average

095130300
BRFMR
Eff. Rent
0 BR$1,190$1,190
1 BR$1,240$1,240
2 BR$1,350$1,350
3 BR$1,730$1,730
4 BR$2,100$2,100
5 BR$2,415Not available
6 BR$2,777Not available
7 BR$3,194Not available
8 BR$3,673Not available

Purchase Price Calculator

Maximum purchase price
$138,693

Cost breakdown

+Likely effective rent$1,350
HUD FMRUsed$1,350
Market rentN/A
Est. payment standardN/A
-Principal and interest-$701
Loan amount$110,954
Down payment$27,739
Rate6.50%
Term30 years
-Operating costs-$449
Property taxes-$139
Insurance-$175
Utilities$0
HOA$0
Management-$135
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,839(78.7% ROI)
Projected value
$149,357
Return breakdown
Property appreciation+$10,664
Loan principal paid down+$3,975
Rental cash flow+$7,200
5-year hold
+$37,314(134.5% ROI)
Projected value
$156,918
Return breakdown
Property appreciation+$18,225
Loan principal paid down+$7,089
Rental cash flow+$12,000
10-year hold
+$79,737(287.5% ROI)
Projected value
$177,539
Return breakdown
Property appreciation+$38,846
Loan principal paid down+$16,892
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
--
Tax rate
--
Mortgage rate
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ZIP 37016 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37016 (Auburntown, TN) is $1,350 a month. That is down 0.7% from $1,360 in FY 2026. Auburntown 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 13 ZIP codes in Wilson County, 37016 has the 9th-highest two-bedroom rent (county range $1,190–$2,280). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37016 is 29% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37016
BedroomsFY 2027Change90–110% range
Studio$1,190+0.8%$1,071–$1,309
1BR$1,2400.0%$1,116–$1,364
2BR$1,350−0.7%$1,215–$1,485
3BR$1,730−0.6%$1,557–$1,903
4BR$2,100−0.9%$1,890–$2,310

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37016
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,190$1,240$1,350$1,730$2,100
FY 2026$1,180$1,240$1,360$1,740$2,120
FY 2025$1,270$1,300$1,460$1,840$2,240
FY 2024$1,100$1,130$1,270$1,590$1,960
FY 2023$980$990$1,130$1,430$1,780

Two-bedroom rent in nearby Wilson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37016
37012$1,190−11.9%
37016Current$1,350—
37076$1,840+36.3%
37085$1,600+18.5%
37087$1,400+3.7%
37088$1,700+25.9%
37090$1,700+25.9%
37095$1,190−11.9%
37118$1,260−6.7%
37121$1,700+25.9%
37122$2,280+68.9%
37138$1,850+37.0%

Questions about ZIP 37016 rents

How much will Section 8 pay for a two-bedroom in ZIP 37016?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,350, that basic range is $1,215 to $1,485 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 37016 in?

ZIP 37016 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 37016 for FY 2027?

The two-bedroom FMR fell 0.7%, from $1,360 in FY 2026 to $1,350 in FY 2027. Since FY 2023 it has risen 19.5%.

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