Skip to main content
Loading page
Montgomery County/Woodlawn/37191

37191

ZIPSAFMR
Montgomery County, TN
Zillow

ZIP Investment Score

84Below average

095130300
BRFMR
Eff. Rent
0 BR$1,110$1,220
1 BR$1,120$1,230
2 BR$1,370$1,510
3 BR$1,880$1,780
4 BR$2,290$2,000
5 BR$2,634Not available
6 BR$3,029Not available
7 BR$3,483Not available
8 BR$4,005Not available

Purchase Price Calculator

Maximum purchase price
$162,469

Cost breakdown

+Likely effective rent$1,510
HUD FMR$1,370
Market rent$1,650
Est. payment standard (110%)Used$1,510
-Principal and interest-$822
Loan amount$129,975
Down payment$32,494
Rate6.50%
Term30 years
-Operating costs-$488
Property taxes-$162
Insurance-$175
Utilities$0
HOA$0
Management-$151
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$24,349(74.9% ROI)
Projected value
$174,961
Return breakdown
Property appreciation+$12,492
Loan principal paid down+$4,657
Rental cash flow+$7,200
5-year hold
+$41,654(128.2% ROI)
Projected value
$183,819
Return breakdown
Property appreciation+$21,350
Loan principal paid down+$8,304
Rental cash flow+$12,000
10-year hold
+$89,292(274.8% ROI)
Projected value
$207,974
Return breakdown
Property appreciation+$45,505
Loan principal paid down+$19,787
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
0.72
1 BR
0.72
2 BR
0.83
3 BR
1.06
4 BR
1.15
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37191 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37191 (Woodlawn, TN) is $1,370 a month. That is up 7.0% from $1,280 in FY 2026. Woodlawn is in the Clarksville, TN-KY HUD Metro FMR Area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,307. Among 17 ZIP codes in Montgomery County, 37191 has the 6th-highest two-bedroom rent (county range $1,190–$1,570). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37191 is 31% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37191
BedroomsFY 2027Change90–110% range
Studio$1,110+12.1%$999–$1,221
1BR$1,120+7.7%$1,008–$1,232
2BR$1,370+7.0%$1,233–$1,507
3BR$1,880+5.0%$1,692–$2,068
4BR$2,290+6.5%$2,061–$2,519

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37191
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,110$1,120$1,370$1,880$2,290
FY 2026$990$1,040$1,280$1,790$2,150
FY 2025$820$900$1,140$1,590$1,910
FY 2024$690$760$970$1,360$1,650
FY 2023$580$640$820$1,170$1,410

Two-bedroom rent in nearby Montgomery County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37191
37040$1,350−1.5%
37041$1,380+0.7%
37042$1,360−0.7%
37043$1,380+0.7%
37050$1,220−10.9%
37051$1,190−13.1%
37052$1,190−13.1%
37061$1,220−10.9%
37079$1,220−10.9%
37142$1,220−10.9%
37171$1,190−13.1%
37191Current$1,370—

Questions about ZIP 37191 rents

How much will Section 8 pay for a two-bedroom in ZIP 37191?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,307, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,176 to $1,438 a month; under the ZIP-level Small Area FMR of $1,370 it would be $1,233 to $1,507. 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 37191 in?

ZIP 37191 is in the Clarksville, TN-KY HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,307.

How much did fair market rent change in ZIP 37191 for FY 2027?

The two-bedroom FMR rose 7.0%, from $1,280 in FY 2026 to $1,370 in FY 2027. Since FY 2023 it has risen 67.1%.

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