Robertson County/White House/37188

37188

ZIPSAFMR

Robertson County, TN

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ZIP Investment Score

80Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$1,500	$1,390	4.1%
1 BR	$1,560	$1,400	4.7%
2 BR	$1,700	$1,690	3.6%
3 BR	$2,180	$2,040	4.3%
4 BR	$2,650	$2,360	4.1%
5 BR	$3,047	Not available	4.1%
6 BR	$3,505	Not available	4.1%
7 BR	$4,030	Not available	4.1%
8 BR	$4,635	Not available	4.1%

Purchase Price Calculator

Maximum purchase price

$189,217

Cost breakdown

+Likely effective rent$1,690

HUD FMR$1,700

Market rentUsed$1,690

Est. payment standard (100%)$1,690

-Principal and interest-$957

Loan amount$151,373

Down payment$37,843

Rate6.50%

Term30 years

-Operating costs-$533

Property taxes-$189

Insurance-$175

Utilities$0

HOA$0

Management-$169

=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

+$27,172(71.8% ROI)

Projected value

$203,766

Return breakdown

Property appreciation+$14,549

Loan principal paid down+$5,423

Rental cash flow+$7,200

5-year hold

+$46,536(123.0% ROI)

Projected value

$214,081

Return breakdown

Property appreciation+$24,865

Loan principal paid down+$9,671

Rental cash flow+$12,000

10-year hold

+$100,042(264.4% ROI)

Projected value

$242,214

Return breakdown

Property appreciation+$52,997

Loan principal paid down+$23,045

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

1.08ratio

FMR$1,500

Market$1,390

vs market+$110

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

1.08

1 BR

1.11ratio

FMR$1,560

Market$1,400

vs market+$160

FMR is above market; underwrite to market rent.

1.11

2 BR

1.01ratio

FMR$1,700

Market$1,690

vs market+$10

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

1.01

3 BR

1.07ratio

FMR$2,180

Market$2,040

vs market+$140

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

1.07

4 BR

1.12ratio

FMR$2,650

Market$2,360

vs market+$290

FMR is above market; underwrite to market rent.

1.12

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 37188 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37188 (White House, TN) is $1,700 a month. That is up 1.2% from $1,680 in FY 2026. White House 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 14 ZIP codes in Robertson County, 37188 has the 2nd-highest two-bedroom rent (county range $1,190–$1,800). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37188 is 62% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37188
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$1,460	$1,500	+2.7%	$1,350–$1,650
1BR	$1,530	$1,560	+2.0%	$1,404–$1,716
2BR	$1,680	$1,700	+1.2%	$1,530–$1,870
3BR	$2,150	$2,180	+1.4%	$1,962–$2,398
4BR	$2,620	$2,650	+1.1%	$2,385–$2,915

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37188
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$1,500	$1,560	$1,700	$2,180	$2,650
FY 2026	$1,460	$1,530	$1,680	$2,150	$2,620
FY 2025	$1,510	$1,570	$1,740	$2,200	$2,700
FY 2024	$1,330	$1,360	$1,530	$1,920	$2,350
FY 2023	$1,110	$1,130	$1,280	$1,600	$1,980

Two-bedroom rent in nearby Robertson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 37188
37043	$1,380	−18.8%
37048	$1,190	−30.0%
37049	$1,300	−23.5%
37072	$1,660	−2.4%
37073	$1,360	−20.0%
37080	$1,210	−28.8%
37141	$1,420	−16.5%
37146	$1,800	+5.9%
37148	$1,290	−24.1%
37152	$1,440	−15.3%
37172	$1,440	−15.3%
37188Current	$1,700	—

Questions about ZIP 37188 rents

How much will Section 8 pay for a two-bedroom in ZIP 37188?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,700, that basic range is $1,530 to $1,870 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 37188 in?

ZIP 37188 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 37188 for FY 2027?

The two-bedroom FMR rose 1.2%, from $1,680 in FY 2026 to $1,700 in FY 2027. Since FY 2023 it has risen 32.8%.

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 White House, TN fair market rent TN statewide rents What is SAFMR?Data sources