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Davidson County/Nashville/37219

37219

ZIPSAFMR
Davidson County, TN
Zillow

ZIP Investment Score

53Below average

095130300
BRFMR
Eff. Rent
0 BR$2,260$1,740
1 BR$2,350$2,420
2 BR$2,560$2,820
3 BR$3,290$3,620
4 BR$3,990$4,390
5 BR$4,589Not available
6 BR$5,277Not available
7 BR$6,068Not available
8 BR$6,979Not available

Purchase Price Calculator

Maximum purchase price
$357,134

Cost breakdown

+Likely effective rent$2,820
HUD FMR$2,560
Market rent$3,450
Est. payment standard (110%)Used$2,820
-Principal and interest-$1,806
Loan amount$285,707
Down payment$71,427
Rate6.50%
Term30 years
-Operating costs-$814
Property taxes-$357
Insurance-$175
Utilities$0
HOA$0
Management-$282
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$44,896(62.9% ROI)
Projected value
$384,595
Return breakdown
Property appreciation+$27,460
Loan principal paid down+$10,236
Rental cash flow+$7,200
5-year hold
+$77,184(108.1% ROI)
Projected value
$404,065
Return breakdown
Property appreciation+$46,930
Loan principal paid down+$18,254
Rental cash flow+$12,000
10-year hold
+$167,524(234.5% ROI)
Projected value
$457,162
Return breakdown
Property appreciation+$100,028
Loan principal paid down+$43,496
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.30
1 BR
0.96
2 BR
0.74
3 BR
0.55
4 BR
0.59
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 37219 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37219 (Nashville, TN) is $2,560 a month. That is up 4.9% from $2,440 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, 37219 has the 2nd-highest two-bedroom rent (county range $1,210–$2,700). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 37219 is 144% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37219
BedroomsFY 2027Change90–110% range
Studio$2,260+6.1%$2,034–$2,486
1BR$2,350+5.4%$2,115–$2,585
2BR$2,560+4.9%$2,304–$2,816
3BR$3,290+5.4%$2,961–$3,619
4BR$3,990+5.0%$3,591–$4,389

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37219
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,260$2,350$2,560$3,290$3,990
FY 2026$2,130$2,230$2,440$3,120$3,800
FY 2025$2,170$2,260$2,500$3,160$3,890
FY 2024$1,910$1,960$2,200$2,760$3,370
FY 2023$1,710$1,740$1,970$2,460$3,040

Two-bedroom rent in nearby Davidson County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 37219
37212$1,890−26.2%
37213$1,870−27.0%
37214$2,050−19.9%
37215$2,240−12.5%
37216$1,870−27.0%
37217$1,860−27.3%
37218$1,720−32.8%
37219Current$2,560—
37220$2,230−12.9%
37221$2,130−16.8%
37222$1,840−28.1%
37224$1,840−28.1%

Questions about ZIP 37219 rents

How much will Section 8 pay for a two-bedroom in ZIP 37219?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,560, that basic range is $2,304 to $2,816 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 37219 in?

ZIP 37219 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 37219 for FY 2027?

The two-bedroom FMR rose 4.9%, from $2,440 in FY 2026 to $2,560 in FY 2027. Since FY 2023 it has risen 29.9%.

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