Davidson County/La Vergne/37086

37086

ZIPSAFMR

Davidson County, TN

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ZIP Investment Score

83Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,830	$1,580	5.0%
1 BR	$1,910	$1,550	5.6%
2 BR	$2,080	$1,570	4.6%
3 BR	$2,670	$1,920	5.3%
4 BR	$3,240	$2,160	5.1%
5 BR	$3,726	Not available	5.1%
6 BR	$4,285	Not available	5.1%
7 BR	$4,928	Not available	5.1%
8 BR	$5,667	Not available	5.1%

Purchase Price Calculator

Maximum purchase price

$171,385

Cost breakdown

+Likely effective rent$1,570

HUD FMR$2,080

Market rentUsed$1,570

Est. payment standard (90%)$1,870

-Principal and interest-$867

Loan amount$137,108

Down payment$34,277

Rate6.50%

Term30 years

-Operating costs-$503

Property taxes-$171

Insurance-$175

Utilities$0

HOA$0

Management-$157

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$25,290(73.8% ROI)

Projected value

$184,563

Return breakdown

Property appreciation+$13,178

Loan principal paid down+$4,912

Rental cash flow+$7,200

5-year hold

+$43,281(126.3% ROI)

Projected value

$193,906

Return breakdown

Property appreciation+$22,521

Loan principal paid down+$8,760

Rental cash flow+$12,000

10-year hold

+$92,875(271.0% ROI)

Projected value

$219,387

Return breakdown

Property appreciation+$48,002

Loan principal paid down+$20,873

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.16ratio

FMR$1,830

Market$1,580

vs market+$250

FMR is above market; underwrite to market rent.

1.16

1 BR

1.23ratio

FMR$1,910

Market$1,550

vs market+$360

FMR is above market; underwrite to market rent.

1.23

2 BR

1.32ratio

FMR$2,080

Market$1,570

vs market+$510

FMR is above market; underwrite to market rent.

1.32

3 BR

1.39ratio

FMR$2,670

Market$1,920

vs market+$750

FMR is above market; underwrite to market rent.

1.39

4 BR

1.50ratio

FMR$3,240

Market$2,160

vs market+$1,080

FMR is above market; underwrite to market rent.

1.50

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: --

ZIP 37086 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37086 (La Vergne, TN) is $2,080 a month. That is up 4.5% from $1,990 in FY 2026. La Vergne 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 49 ZIP codes in Davidson County, 37086 has the 13th-highest two-bedroom rent (county range $1,210–$2,700). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37086 is 98% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37086
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,730	$1,830	+5.8%	$1,647–$2,013
1BR	$1,820	$1,910	+4.9%	$1,719–$2,101
2BR	$1,990	$2,080	+4.5%	$1,872–$2,288
3BR	$2,540	$2,670	+5.1%	$2,403–$2,937
4BR	$3,100	$3,240	+4.5%	$2,916–$3,564

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37086
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,830	$1,910	$2,080	$2,670	$3,240
FY 2026	$1,730	$1,820	$1,990	$2,540	$3,100
FY 2025	$1,820	$1,890	$2,090	$2,640	$3,250
FY 2024	$1,580	$1,620	$1,820	$2,290	$2,790
FY 2023	$1,370	$1,400	$1,580	$1,980	$2,440

Two-bedroom rent in nearby Davidson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 37086
37064	$2,230	+7.2%
37070	$1,840	−11.5%
37072	$1,660	−20.2%
37073	$1,360	−34.6%
37076	$1,840	−11.5%
37080	$1,210	−41.8%
37086Current	$2,080	—
37115	$1,670	−19.7%
37116	$1,840	−11.5%
37122	$2,280	+9.6%
37135	$2,700	+29.8%
37138	$1,850	−11.1%

Questions about ZIP 37086 rents

How much will Section 8 pay for a two-bedroom in ZIP 37086?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,080, that basic range is $1,872 to $2,288 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 37086 in?

ZIP 37086 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 37086 for FY 2027?

The two-bedroom FMR rose 4.5%, from $1,990 in FY 2026 to $2,080 in FY 2027. Since FY 2023 it has risen 31.6%.

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 rent La Vergne, TN fair market rent TN statewide rents What is SAFMR?Data sources