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Dickson County/Charlotte/37036

37036

ZIPSAFMR
Dickson County, TN
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,040$1,040
1 BR$1,060$1,060
2 BR$1,190$1,190
3 BR$1,500$1,500
4 BR$1,820$1,820
5 BR$2,093Not available
6 BR$2,407Not available
7 BR$2,768Not available
8 BR$3,183Not available

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMRUsed$1,190
Market rentN/A
Est. payment standardN/A
-Principal and interest-$581
Loan amount$91,934
Down payment$22,983
Rate6.50%
Term30 years
-Operating costs-$409
Property taxes-$115
Insurance-$175
Utilities$0
HOA$0
Management-$119
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$19,330(84.1% ROI)
Projected value
$123,753
Return breakdown
Property appreciation+$8,836
Loan principal paid down+$3,294
Rental cash flow+$7,200
5-year hold
+$32,975(143.5% ROI)
Projected value
$130,018
Return breakdown
Property appreciation+$15,101
Loan principal paid down+$5,874
Rental cash flow+$12,000
10-year hold
+$70,182(305.4% ROI)
Projected value
$147,103
Return breakdown
Property appreciation+$32,186
Loan principal paid down+$13,996
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 37036 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37036 (Charlotte, TN) is $1,190 a month. That is down 9.8% from $1,320 in FY 2026. Charlotte 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 Dickson County, 37036 is tied for the 5th-highest two-bedroom rent (county range $1,190–$1,620). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37036 is 14% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37036
BedroomsFY 2027Change90–110% range
Studio$1,040−9.6%$936–$1,144
1BR$1,060−9.4%$954–$1,166
2BR$1,190−9.8%$1,071–$1,309
3BR$1,500−9.6%$1,350–$1,650
4BR$1,820−9.9%$1,638–$2,002

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37036
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,040$1,060$1,190$1,500$1,820
FY 2026$1,150$1,170$1,320$1,660$2,020
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 Dickson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37036
37025$1,1900.0%
37029$1,210+1.7%
37036Current$1,190—
37051$1,1900.0%
37052$1,1900.0%
37055$1,310+10.1%
37056$1,240+4.2%
37062$1,620+36.1%
37101$1,1900.0%
37165$1,1900.0%
37171$1,1900.0%
37181$1,1900.0%

Questions about ZIP 37036 rents

How much will Section 8 pay for a two-bedroom in ZIP 37036?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,190, that basic range is $1,071 to $1,309 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 37036 in?

ZIP 37036 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 37036 for FY 2027?

The two-bedroom FMR fell 9.8%, from $1,320 in FY 2026 to $1,190 in FY 2027. Since FY 2023 it has risen 5.3%.

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