Monroe County/Madisonville/37354

37354

ZIPSAFMR

Monroe County, TN

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ZIP Investment Score

57Below average

095130300

BR	FMR	Eff. Rent	3Y CAGR
0 BR	$810	$890	11.5%
1 BR	$910	$910	9.9%
2 BR	$1,050	$980	6.8%
3 BR	$1,370	$1,180	5.9%
4 BR	$1,380	$1,410	5.5%
5 BR	$1,587	Not available	5.5%
6 BR	$1,825	Not available	5.5%
7 BR	$2,099	Not available	5.5%
8 BR	$2,414	Not available	5.5%

Purchase Price Calculator

Maximum purchase price

$83,711

Cost breakdown

+Likely effective rent$980

HUD FMR$1,050

Market rentUsed$980

Est. payment standard (96%)$1,000

-Principal and interest-$423

Loan amount$66,969

Down payment$16,742

Rate6.50%

Term30 years

-Operating costs-$357

Property taxes-$84

Insurance-$175

Utilities$0

HOA$0

Management-$98

=Target cash flow+$200

Calculation mode

BedroomsCash-flow target

Down payment methodDown payment %

HOA / mo

Utilities methodUtilities amount

Management methodManagement % of rent

Hold period projections

Annual appreciation rate

3-year hold

+$16,036(95.8% ROI)

Projected value

$90,148

Return breakdown

Property appreciation+$6,437

Loan principal paid down+$2,399

Rental cash flow+$7,200

5-year hold

+$27,279(162.9% ROI)

Projected value

$94,711

Return breakdown

Property appreciation+$11,000

Loan principal paid down+$4,279

Rental cash flow+$12,000

10-year hold

+$57,641(344.3% ROI)

Projected value

$107,157

Return breakdown

Property appreciation+$23,446

Loan principal paid down+$10,195

Rental cash flow+$24,000

Public Housing Authority

Rolodex

Market Alignment

Studio

0.87ratio

FMR$810

Market$930

vs market-$120

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

0.87

1 BR

1.00ratio

FMR$910

Market$910

vs market+$0

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

1.00

2 BR

1.07ratio

FMR$1,050

Market$980

vs market+$70

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

1.07

3 BR

1.16ratio

FMR$1,370

Market$1,180

vs market+$190

FMR is above market; underwrite to market rent.

1.16

4 BR

0.97ratio

FMR$1,380

Market$1,430

vs market-$50

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

0.97

0.700.800.901.001.101.201.30aligned range

Historical

FY 2023-2027

FMR: FY2027
Market rent: last ~365 days
Property value: --
Tax rate: --
Mortgage rate: --

ZIP 37354 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 37354 (Madisonville, TN) is $1,050 a month. That is up 9.4% from $960 in FY 2026. Madisonville is in the Monroe County, TN non-metropolitan 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 county-wide two-bedroom FMR of $995. Among 9 ZIP codes in Monroe County, 37354 has the 6th-highest two-bedroom rent (county range $1,000–$1,370).

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37354
Bedrooms	FY 2026	FY 2027	Change	90–110% range
Studio	$710	$810	+14.1%	$729–$891
1BR	$790	$910	+15.2%	$819–$1,001
2BR	$960	$1,050	+9.4%	$945–$1,155
3BR	$1,260	$1,370	+8.7%	$1,233–$1,507
4BR	$1,270	$1,380	+8.7%	$1,242–$1,518

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37354
Fiscal year	Studio	1BR	2BR	3BR	4BR
FY 2027	$810	$910	$1,050	$1,370	$1,380
FY 2026	$710	$790	$960	$1,260	$1,270
FY 2025	$670	$750	$910	$1,260	$1,300
FY 2024area FMR	$584	$685	$861	$1,153	$1,176
FY 2023area FMR	$499	$600	$747	$991	$1,003

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Monroe County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code	2 bedroom	vs. 37354
37329	$1,000	−4.8%
37354Current	$1,050	—
37369	$1,110	+5.7%
37385	$1,110	+5.7%
37774	$1,280	+21.9%
37801	$1,370	+30.5%
37846	$1,020	−2.9%
37874	$1,000	−4.8%
37885	$1,310	+24.8%

Questions about ZIP 37354 rents

How much will Section 8 pay for a two-bedroom in ZIP 37354?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $995, which applies unless the housing authority uses Small Area FMRs, that basic range is $896 to $1,095 a month; under the ZIP-level Small Area FMR of $1,050 it would be $945 to $1,155. 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 37354 in?

ZIP 37354 is in the Monroe County, TN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $995.

How much did fair market rent change in ZIP 37354 for FY 2027?

The two-bedroom FMR rose 9.4%, from $960 in FY 2026 to $1,050 in FY 2027. Since FY 2025 it has risen 15.4%.

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 rent Madisonville, TN fair market rent TN statewide rents What is SAFMR?Data sources