37220
ZIPSAFMR
Davidson County, TN
BRFMR
Eff. Rent
0 BR$2,150$1,270
1 BR$2,230$1,590
2 BR$2,470$1,850
3 BR$3,120$2,460
4 BR$3,840$3,590
5 BR$4,416
6 BR$5,078
7 BR$5,840
8 BR$6,716

Purchase Price Calculator

Maximum purchase price
$212,993

Cost breakdown

+Likely effective rent$1,850
HUD FMR$2,470
Market rentUsed$1,850
Est. payment standard (90%)$2,220
Market rent is below the inferred standard ($2,220, 90% of FMR).
-Principal and interest-$1,077
Loan amount$170,394
Down payment$42,599
Rate6.50%
Term30 years
-Operating costs-$573
Property taxes-$213
Insurance-$175
Utilities$0
HOA$0
Management-$185
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,682(69.7% ROI)
Projected value
$229,370
Current value$212,993
Return breakdown
Property appreciation+$16,377
Loan principal paid down+$6,105
Rental cash flow+$7,200
5-year hold
+$50,876(119.4% ROI)
Projected value
$240,982
Current value$212,993
Return breakdown
Property appreciation+$27,989
Loan principal paid down+$10,887
Rental cash flow+$12,000
10-year hold
+$109,597(257.3% ROI)
Projected value
$272,649
Current value$212,993
Return breakdown
Property appreciation+$59,656
Loan principal paid down+$25,941
Rental cash flow+$24,000

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Market Alignment

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

Studio
Studio
1.69ratio
FMR$2,150
Market$1,270
vs market+$880

FMR is above market; underwrite to market rent.

1.69
1 BR
1 BR
1.40ratio
FMR$2,230
Market$1,590
vs market+$640

FMR is above market; underwrite to market rent.

90% standard$2,007 / 1.26 ratio110% standard$2,453 / 1.54 ratio
1.40
2 BR
2 BR
1.34ratio
FMR$2,470
Market$1,850
vs market+$620

FMR is above market; underwrite to market rent.

90% standard$2,223 / 1.20 ratio110% standard$2,717 / 1.47 ratio
1.34
3 BR
3 BR
1.27ratio
FMR$3,120
Market$2,460
vs market+$660

FMR is above market; underwrite to market rent.

90% standard$2,808 / 1.14 ratio110% standard$3,432 / 1.40 ratio
1.27
4 BR
4 BR
1.07ratio
FMR$3,840
Market$3,590
vs market+$250

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

90% standard$3,456 / 0.96 ratio110% standard$4,224 / 1.18 ratio
1.07
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents for larger unit sizes.

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 37220 (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.

37220 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 37220 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,470 and the 4 bedroom fair market rent is $3,840.

Use this page for searches like 37220 FMR, 37220 fair market rent, and 37220 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 37220
Bedroom sizeHUD FMR
Studio$2,150
1 bedroom$2,230
2 bedroom$2,470
3 bedroom$3,120
4 bedroom$3,840