37122
ZIPSAFMR
Davidson County, TN
BRFMR
Eff. Rent
0 BR$1,920$1,680
1 BR$2,010$1,880
2 BR$2,200$2,030
3 BR$2,810$2,150
4 BR$3,430$2,670
5 BR$3,944
6 BR$4,536
7 BR$5,217
8 BR$5,999

Purchase Price Calculator

Maximum purchase price
$239,741

Cost breakdown

+Likely effective rent$2,030
HUD FMR$2,200
Market rentUsed$2,030
Est. payment standard (95%)$2,090
Market rent is below the inferred standard ($2,090, 95% of FMR).
-Principal and interest-$1,212
Loan amount$191,793
Down payment$47,948
Rate6.50%
Term30 years
-Operating costs-$618
Property taxes-$240
Insurance-$175
Utilities$0
HOA$0
Management-$203
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,505(67.8% ROI)
Projected value
$258,174
Current value$239,741
Return breakdown
Property appreciation+$18,434
Loan principal paid down+$6,871
Rental cash flow+$7,200
5-year hold
+$55,758(116.3% ROI)
Projected value
$271,245
Current value$239,741
Return breakdown
Property appreciation+$31,504
Loan principal paid down+$12,254
Rental cash flow+$12,000
10-year hold
+$120,346(251.0% ROI)
Projected value
$306,888
Current value$239,741
Return breakdown
Property appreciation+$67,148
Loan principal paid down+$29,198
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.14ratio
FMR$1,920
Market$1,680
vs market+$240

FMR is above market; underwrite to market rent.

90% standard$1,728 / 1.03 ratio110% standard$2,112 / 1.26 ratio
1.14
1 BR
1 BR
1.07ratio
FMR$2,010
Market$1,880
vs market+$130

FMR is near market; voucher and private rents are aligned.

90% standard$1,809 / 0.96 ratio110% standard$2,211 / 1.18 ratio
1.07
2 BR
2 BR
1.08ratio
FMR$2,200
Market$2,030
vs market+$170

FMR is near market; voucher and private rents are aligned.

90% standard$1,980 / 0.98 ratio110% standard$2,420 / 1.19 ratio
1.08
3 BR
3 BR
1.31ratio
FMR$2,810
Market$2,150
vs market+$660

FMR is above market; underwrite to market rent.

90% standard$2,529 / 1.18 ratio110% standard$3,091 / 1.44 ratio
1.31
4 BR
4 BR
1.28ratio
FMR$3,430
Market$2,670
vs market+$760

FMR is above market; underwrite to market rent.

90% standard$3,087 / 1.16 ratio110% standard$3,773 / 1.41 ratio
1.28
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 37122 (TN) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

37122 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 37122 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,200 and the 4 bedroom fair market rent is $3,430.

Use this page for searches like 37122 FMR, 37122 fair market rent, and 37122 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 37122
Bedroom sizeHUD FMR
Studio$1,920
1 bedroom$2,010
2 bedroom$2,200
3 bedroom$2,810
4 bedroom$3,430