37216
ZIPSAFMR
Davidson County, TN
BRFMR
Eff. Rent
0 BR$1,580$1,340
1 BR$1,650$1,590
2 BR$1,810$1,990
3 BR$2,310$2,470
4 BR$2,820$3,100
5 BR$3,243
6 BR$3,729
7 BR$4,289
8 BR$4,932

Purchase Price Calculator

Maximum purchase price
$233,797

Cost breakdown

+Likely effective rent$1,990
HUD FMR$1,810
Market rent$2,200
Est. payment standard (110%)Used$1,990
Estimated payment standard is $1,990 (110% of FMR).
-Principal and interest-$1,182
Loan amount$187,037
Down payment$46,759
Rate6.50%
Term30 years
-Operating costs-$608
Property taxes-$234
Insurance-$175
Utilities$0
HOA$0
Management-$199
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$31,878(68.2% ROI)
Projected value
$251,773
Current value$233,797
Return breakdown
Property appreciation+$17,977
Loan principal paid down+$6,701
Rental cash flow+$7,200
5-year hold
+$54,673(116.9% ROI)
Projected value
$264,519
Current value$233,797
Return breakdown
Property appreciation+$30,723
Loan principal paid down+$11,950
Rental cash flow+$12,000
10-year hold
+$117,957(252.3% ROI)
Projected value
$299,280
Current value$233,797
Return breakdown
Property appreciation+$65,483
Loan principal paid down+$28,474
Rental cash flow+$24,000

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.18ratio
FMR$1,580
Market$1,340
vs market+$240

FMR is above market; underwrite to market rent.

90% standard$1,422 / 1.06 ratio110% standard$1,738 / 1.30 ratio
1.18
1 BR
1 BR
1.04ratio
FMR$1,650
Market$1,590
vs market+$60

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

90% standard$1,485 / 0.93 ratio110% standard$1,815 / 1.14 ratio
1.04
2 BR
2 BR
0.82ratio
FMR$1,810
Market$2,200
vs market-$390

FMR is below market; voucher rent may lag private rents.

90% standard$1,629 / 0.74 ratio110% standard$1,991 / 0.91 ratio
0.82
3 BR
3 BR
0.90ratio
FMR$2,310
Market$2,560
vs market-$250

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

90% standard$2,079 / 0.81 ratio110% standard$2,541 / 0.99 ratio
0.90
4 BR
4 BR
0.84ratio
FMR$2,820
Market$3,350
vs market-$530

FMR is below market; voucher rent may lag private rents.

90% standard$2,538 / 0.76 ratio110% standard$3,102 / 0.93 ratio
0.84
0.700.800.901.001.101.201.30aligned range

Voucher alignment varies significantly by bedroom size in this area.

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 37216 (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.

37216 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 37216 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,810 and the 4 bedroom fair market rent is $2,820.

Use this page for searches like 37216 FMR, 37216 fair market rent, and 37216 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 37216
Bedroom sizeHUD FMR
Studio$1,580
1 bedroom$1,650
2 bedroom$1,810
3 bedroom$2,310
4 bedroom$2,820