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Sumner County/Gallatin/37066

37066

ZIPSAFMR
Sumner County, TN
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,490$1,130
1 BR$1,550$1,180
2 BR$1,690$1,340
3 BR$2,170$1,900
4 BR$2,630$2,470
5 BR$3,024Not available
6 BR$3,478Not available
7 BR$4,000Not available
8 BR$4,600Not available

Purchase Price Calculator

Maximum purchase price
$137,207

Cost breakdown

+Likely effective rent$1,340
HUD FMR$1,690
Market rentUsed$1,340
Est. payment standard (90%)$1,520
-Principal and interest-$694
Loan amount$109,766
Down payment$27,441
Rate6.50%
Term30 years
-Operating costs-$446
Property taxes-$137
Insurance-$175
Utilities$0
HOA$0
Management-$134
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,683(79.0% ROI)
Projected value
$147,757
Return breakdown
Property appreciation+$10,550
Loan principal paid down+$3,933
Rental cash flow+$7,200
5-year hold
+$37,043(135.0% ROI)
Projected value
$155,237
Return breakdown
Property appreciation+$18,030
Loan principal paid down+$7,013
Rental cash flow+$12,000
10-year hold
+$79,140(288.4% ROI)
Projected value
$175,637
Return breakdown
Property appreciation+$38,430
Loan principal paid down+$16,711
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.32
1 BR
1.31
2 BR
1.26
3 BR
1.14
4 BR
1.06
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37066 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37066 (Gallatin, TN) is $1,690 a month. That is up 9.0% from $1,550 in FY 2026. Gallatin 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 12 ZIP codes in Sumner County, 37066 has the 3rd-highest two-bedroom rent (county range $1,190–$1,890). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37066 is 61% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37066
BedroomsFY 2027Change90–110% range
Studio$1,490+10.4%$1,341–$1,639
1BR$1,550+9.9%$1,395–$1,705
2BR$1,690+9.0%$1,521–$1,859
3BR$2,170+9.6%$1,953–$2,387
4BR$2,630+8.7%$2,367–$2,893

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37066
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,490$1,550$1,690$2,170$2,630
FY 2026$1,350$1,410$1,550$1,980$2,420
FY 2025$1,340$1,390$1,540$1,950$2,390
FY 2024$1,170$1,200$1,350$1,700$2,070
FY 2023$1,030$1,050$1,190$1,490$1,840

Two-bedroom rent in nearby Sumner County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37066
37022$1,450−14.2%
37031$1,350−20.1%
37048$1,190−29.6%
37049$1,300−23.1%
37066Current$1,690—
37072$1,660−1.8%
37073$1,360−19.5%
37075$1,890+11.8%
37077$1,640−3.0%
37148$1,290−23.7%
37186$1,190−29.6%
37188$1,700+0.6%

Questions about ZIP 37066 rents

How much will Section 8 pay for a two-bedroom in ZIP 37066?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,690, that basic range is $1,521 to $1,859 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 37066 in?

ZIP 37066 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 37066 for FY 2027?

The two-bedroom FMR rose 9.0%, from $1,550 in FY 2026 to $1,690 in FY 2027. Since FY 2023 it has risen 42.0%.

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

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