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Montgomery County/Clarksville/37044

37044

ZIPFMR
Montgomery County, TN
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,061$860
1 BR$1,068$1,080
2 BR$1,307$1,190
3 BR$1,786$1,650
4 BR$2,185$1,880
5 BR$2,513Not available
6 BR$2,890Not available
7 BR$3,323Not available
8 BR$3,822Not available

Purchase Price Calculator

Maximum purchase price
$114,917

Cost breakdown

+Likely effective rent$1,190
HUD FMR$1,307
Market rentUsed$1,190
Est. payment standard (94%)$1,230
-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

Studio
1.23
1 BR
0.98
2 BR
1.10
3 BR
1.08
4 BR
1.16
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 37044 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 37044 (Clarksville, TN) is $1,307 a month. That is down 2.9% from $1,346 in FY 2026. Clarksville is in the Clarksville, TN-KY HUD Metro FMR Area. The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37044 is 25% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37044
BedroomsFY 2027Change90–110% range
Studio$1,061−2.7%$955–$1,167
1BR$1,068−2.4%$961–$1,175
2BR$1,307−2.9%$1,176–$1,438
3BR$1,786−4.5%$1,607–$1,965
4BR$2,185−3.2%$1,967–$2,404

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37044
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,061$1,068$1,307$1,786$2,185
FY 2026$1,090$1,094$1,346$1,871$2,258
FY 2025$916$976$1,229$1,722$2,064
FY 2024$887$970$1,246$1,750$2,114
FY 2023$699$758$985$1,389$1,678

Questions about ZIP 37044 rents

How much will Section 8 pay for a two-bedroom in ZIP 37044?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,307, that basic range is $1,176 to $1,438 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 37044 in?

ZIP 37044 is in the Clarksville, TN-KY HUD Metro FMR Area. Small Area FMRs are not mandatory in this area.

How much did fair market rent change in ZIP 37044 for FY 2027?

The two-bedroom FMR fell 2.9%, from $1,346 in FY 2026 to $1,307 in FY 2027. Since FY 2023 it has risen 32.7%.

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 Fair Market Rents. 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 rentClarksville, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources