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Davidson County/Nashville/37201

37201

ZIPSAFMR
Davidson County, TN
Zillow

ZIP Investment Score

46Below average

095130300
BRFMR
Eff. Rent
0 BR$2,060$1,660
1 BR$2,150$2,290
2 BR$2,340$2,570
3 BR$3,000$3,300
4 BR$3,640$4,000
5 BR$4,186Not available
6 BR$4,814Not available
7 BR$5,536Not available
8 BR$6,366Not available

Purchase Price Calculator

Maximum purchase price
$319,984

Cost breakdown

+Likely effective rent$2,570
HUD FMR$2,340
Market rent$3,570
Est. payment standard (110%)Used$2,570
-Principal and interest-$1,618
Loan amount$255,988
Down payment$63,997
Rate6.50%
Term30 years
-Operating costs-$752
Property taxes-$320
Insurance-$175
Utilities$0
HOA$0
Management-$257
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$40,975(64.0% ROI)
Projected value
$344,588
Return breakdown
Property appreciation+$24,604
Loan principal paid down+$9,171
Rental cash flow+$7,200
5-year hold
+$70,404(110.0% ROI)
Projected value
$362,033
Return breakdown
Property appreciation+$42,049
Loan principal paid down+$16,355
Rental cash flow+$12,000
10-year hold
+$152,594(238.4% ROI)
Projected value
$409,607
Return breakdown
Property appreciation+$89,623
Loan principal paid down+$38,971
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.24
1 BR
0.91
2 BR
0.66
3 BR
0.66
4 BR
0.75
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37201 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37201 (Nashville, TN) is $2,340 a month. That is down 0.8% from $2,360 in FY 2026. Nashville 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, 37201 has the 4th-highest two-bedroom rent (county range $1,210–$2,700). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37201 is 123% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37201
BedroomsFY 2027Change90–110% range
Studio$2,0600.0%$1,854–$2,266
1BR$2,1500.0%$1,935–$2,365
2BR$2,340−0.8%$2,106–$2,574
3BR$3,000−0.7%$2,700–$3,300
4BR$3,640−1.1%$3,276–$4,004

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37201
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,060$2,150$2,340$3,000$3,640
FY 2026$2,060$2,150$2,360$3,020$3,680
FY 2025$2,260$2,350$2,600$3,280$4,040
FY 2024$2,050$2,100$2,360$2,970$3,620
FY 2023$1,770$1,810$2,040$2,550$3,150

Two-bedroom rent in nearby Davidson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37201
37201Current$2,340—
37202$1,840−21.4%
37203$2,140−8.5%
37204$2,300−1.7%
37205$2,260−3.4%
37206$1,870−20.1%
37207$1,500−35.9%
37208$1,940−17.1%
37209$2,030−13.2%
37210$1,660−29.1%
37211$1,860−20.5%
37212$1,890−19.2%

Questions about ZIP 37201 rents

How much will Section 8 pay for a two-bedroom in ZIP 37201?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,340, that basic range is $2,106 to $2,574 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 37201 in?

ZIP 37201 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 37201 for FY 2027?

The two-bedroom FMR fell 0.8%, from $2,360 in FY 2026 to $2,340 in FY 2027. Since FY 2023 it has risen 14.7%.

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