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Davidson County/Whites Creek/37189

37189

ZIPSAFMR
Davidson County, TN
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$1,410$1,460
1 BR$1,470$1,410
2 BR$1,600$1,660
3 BR$2,050$2,190
4 BR$2,490$2,620
5 BR$2,864Not available
6 BR$3,293Not available
7 BR$3,787Not available
8 BR$4,355Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,600
Market rent$1,690
Est. payment standard (104%)Used$1,660
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.95
1 BR
1.04
2 BR
0.95
3 BR
0.91
4 BR
0.93
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37189 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37189 (Whites Creek, TN) is $1,600 a month. That is up 8.1% from $1,480 in FY 2026. Whites Creek 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, 37189 has the 44th-highest two-bedroom rent (county range $1,210–$2,700). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37189 is 53% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37189
BedroomsFY 2027Change90–110% range
Studio$1,410+9.3%$1,269–$1,551
1BR$1,470+8.9%$1,323–$1,617
2BR$1,600+8.1%$1,440–$1,760
3BR$2,050+8.5%$1,845–$2,255
4BR$2,490+7.8%$2,241–$2,739

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37189
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,410$1,470$1,600$2,050$2,490
FY 2026$1,290$1,350$1,480$1,890$2,310
FY 2025$1,370$1,420$1,570$1,980$2,440
FY 2024$1,270$1,300$1,460$1,830$2,240
FY 2023$1,190$1,210$1,370$1,710$2,120

Two-bedroom rent in nearby Davidson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37189
37189Current$1,600—
37201$2,340+46.3%
37202$1,840+15.0%
37203$2,140+33.8%
37204$2,300+43.8%
37205$2,260+41.3%
37206$1,870+16.9%
37207$1,500−6.2%
37208$1,940+21.3%
37209$2,030+26.9%
37210$1,660+3.8%
37211$1,860+16.3%

Questions about ZIP 37189 rents

How much will Section 8 pay for a two-bedroom in ZIP 37189?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,600, that basic range is $1,440 to $1,760 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 37189 in?

ZIP 37189 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 37189 for FY 2027?

The two-bedroom FMR rose 8.1%, from $1,480 in FY 2026 to $1,600 in FY 2027. Since FY 2023 it has risen 16.8%.

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 rentWhites Creek, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources