37135
ZIPSAFMR
Rutherford County, TN
BRFMR
Eff. Rent
0 BR$2,260$2,310
1 BR$2,370$2,400
2 BR$2,600$2,610
3 BR$3,320$2,610
4 BR$4,050$3,120
5 BR$4,658
6 BR$5,356
7 BR$6,160
8 BR$7,083

Purchase Price Calculator

Maximum purchase price
$325,928

Cost breakdown

+Likely effective rent$2,610
HUD FMR$2,600
Market rent$2,610
Est. payment standard (100%)Used$2,610
Estimated payment standard is $2,610 (100% of FMR).
-Principal and interest-$1,648
Loan amount$260,743
Down payment$65,186
Rate6.50%
Term30 years
-Operating costs-$762
Property taxes-$326
Insurance-$175
Utilities$0
HOA$0
Management-$261
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,603(63.8% ROI)
Projected value
$350,989
Current value$325,928
Return breakdown
Property appreciation+$25,061
Loan principal paid down+$9,342
Rental cash flow+$7,200
5-year hold
+$71,489(109.7% ROI)
Projected value
$368,758
Current value$325,928
Return breakdown
Property appreciation+$42,830
Loan principal paid down+$16,659
Rental cash flow+$12,000
10-year hold
+$154,983(237.8% ROI)
Projected value
$417,216
Current value$325,928
Return breakdown
Property appreciation+$91,288
Loan principal paid down+$39,695
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
0.97ratio
FMR$2,260
Market$2,340
vs market-$80

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

90% standard$2,034 / 0.87 ratio110% standard$2,486 / 1.06 ratio
0.97
1 BR
1 BR
0.98ratio
FMR$2,370
Market$2,420
vs market-$50

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

90% standard$2,133 / 0.88 ratio110% standard$2,607 / 1.08 ratio
0.98
2 BR
2 BR
1.00ratio
FMR$2,600
Market$2,610
vs market-$10

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

90% standard$2,340 / 0.90 ratio110% standard$2,860 / 1.10 ratio
1.00
3 BR
3 BR
1.27ratio
FMR$3,320
Market$2,610
vs market+$710

FMR is above market; underwrite to market rent.

90% standard$2,988 / 1.14 ratio110% standard$3,652 / 1.40 ratio
1.27
4 BR
4 BR
1.30ratio
FMR$4,050
Market$3,120
vs market+$930

FMR is above market; underwrite to market rent.

90% standard$3,645 / 1.17 ratio110% standard$4,455 / 1.43 ratio
1.30
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 37135 (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.

37135 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 37135 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,600 and the 4 bedroom fair market rent is $4,050.

Use this page for searches like 37135 FMR, 37135 fair market rent, and 37135 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 37135
Bedroom sizeHUD FMR
Studio$2,260
1 bedroom$2,370
2 bedroom$2,600
3 bedroom$3,320
4 bedroom$4,050