Skip to main content
Loading page
Cannon County/Christiana/37037

37037

ZIPSAFMR
Cannon County, TN
Zillow

ZIP Investment Score

82Below average

095130300
BRFMR
Eff. Rent
0 BR$2,000$1,690
1 BR$2,080$1,700
2 BR$2,270$1,810
3 BR$2,910$2,010
4 BR$3,530$2,420
5 BR$4,059Not available
6 BR$4,668Not available
7 BR$5,369Not available
8 BR$6,174Not available

Purchase Price Calculator

Maximum purchase price
$207,049

Cost breakdown

+Likely effective rent$1,810
HUD FMR$2,270
Market rentUsed$1,810
Est. payment standard (90%)$2,040
-Principal and interest-$1,047
Loan amount$165,639
Down payment$41,410
Rate6.50%
Term30 years
-Operating costs-$563
Property taxes-$207
Insurance-$175
Utilities$0
HOA$0
Management-$181
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,055(70.2% ROI)
Projected value
$222,969
Return breakdown
Property appreciation+$15,920
Loan principal paid down+$5,934
Rental cash flow+$7,200
5-year hold
+$49,791(120.2% ROI)
Projected value
$234,257
Return breakdown
Property appreciation+$27,208
Loan principal paid down+$10,583
Rental cash flow+$12,000
10-year hold
+$107,208(258.9% ROI)
Projected value
$265,040
Return breakdown
Property appreciation+$57,991
Loan principal paid down+$25,217
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.18
1 BR
1.22
2 BR
1.25
3 BR
1.45
4 BR
1.46
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37037 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37037 (Christiana, TN) is $2,270 a month. That is up 4.1% from $2,180 in FY 2026. Christiana 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 11 ZIP codes in Cannon County, 37037 has the highest two-bedroom rent (county range $1,050–$2,270). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37037 is 117% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37037
BedroomsFY 2027Change90–110% range
Studio$2,000+5.3%$1,800–$2,200
1BR$2,080+4.5%$1,872–$2,288
2BR$2,270+4.1%$2,043–$2,497
3BR$2,910+4.3%$2,619–$3,201
4BR$3,530+3.8%$3,177–$3,883

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37037
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,000$2,080$2,270$2,910$3,530
FY 2026$1,900$1,990$2,180$2,790$3,400
FY 2025$1,940$2,010$2,230$2,820$3,470
FY 2024$1,660$1,710$1,920$2,410$2,940
FY 2023$1,260$1,280$1,450$1,810$2,240

Two-bedroom rent in nearby Cannon County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37037
37016$1,350−40.5%
37018$1,410−37.9%
37026$1,190−47.6%
37037Current$2,270—
37095$1,190−47.6%
37110$1,050−53.7%
37118$1,260−44.5%
37149$1,370−39.6%
37166$1,190−47.6%
37190$1,190−47.6%
37357$1,190−47.6%

Questions about ZIP 37037 rents

How much will Section 8 pay for a two-bedroom in ZIP 37037?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,270, that basic range is $2,043 to $2,497 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 37037 in?

ZIP 37037 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 37037 for FY 2027?

The two-bedroom FMR rose 4.1%, from $2,180 in FY 2026 to $2,270 in FY 2027. Since FY 2023 it has risen 56.6%.

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