FMR is near market; voucher and private rents are aligned.
1.09
2 BR
2 BR
1.04ratio
FMR$1,380
Market$1,330
vs market+$50
FMR is near market; voucher and private rents are aligned.
1.04
3 BR
3 BR
1.10ratio
FMR$1,890
Market$1,720
vs market+$170
FMR is near market; voucher and private rents are aligned.
1.10
4 BR
4 BR
1.11ratio
FMR$2,310
Market$2,080
vs market+$230
FMR is above market; underwrite to market rent.
1.11
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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ZIP 37041 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37041 (Clarksville, TN) is $1,380 a month. That is down 2.1% from $1,410 in FY 2026. Clarksville is in the Clarksville, TN-KY HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,307. Among 17 ZIP codes in Montgomery County, 37041 is tied for the 4th-highest two-bedroom rent (county range $1,190–$1,570). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37041 is 32% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 37041
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,140
$1,120
−1.8%
$1,008–$1,232
1BR
$1,150
$1,130
−1.7%
$1,017–$1,243
2BR
$1,410
$1,380
−2.1%
$1,242–$1,518
3BR
$1,960
$1,890
−3.6%
$1,701–$2,079
4BR
$2,370
$2,310
−2.5%
$2,079–$2,541
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 37041
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,120
$1,130
$1,380
$1,890
$2,310
FY 2026
$1,140
$1,150
$1,410
$1,960
$2,370
FY 2025
$950
$1,020
$1,280
$1,790
$2,150
FY 2024
$930
$1,010
$1,300
$1,830
$2,210
FY 2023
$730
$790
$1,030
$1,450
$1,750
Two-bedroom rent in nearby Montgomery County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 37041?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,307, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,176 to $1,438 a month; under the ZIP-level Small Area FMR of $1,380 it would be $1,242 to $1,518. 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 37041 in?
ZIP 37041 is in the Clarksville, TN-KY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,307.
How much did fair market rent change in ZIP 37041 for FY 2027?
The two-bedroom FMR fell 2.1%, from $1,410 in FY 2026 to $1,380 in FY 2027. Since FY 2023 it has risen 34.0%.
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