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Warren County/Smartt/37378

37378

ZIPFMR
Warren County, TN
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$798$620
1 BR$803$690
2 BR$1,051$710
3 BR$1,252$1,380
4 BR$1,381$1,520
5 BR$1,588Not available
6 BR$1,826Not available
7 BR$2,100Not available
8 BR$2,415Not available

Purchase Price Calculator

Maximum purchase price
$43,589

Cost breakdown

+Likely effective rent$710
HUD FMR$1,051
Market rentUsed$710
Est. payment standard (90%)$950
-Principal and interest-$220
Loan amount$34,871
Down payment$8,718
Rate6.50%
Term30 years
-Operating costs-$290
Property taxes-$44
Insurance-$175
Utilities$0
HOA$0
Management-$71
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$11,801(135.4% ROI)
Projected value
$46,941
Return breakdown
Property appreciation+$3,352
Loan principal paid down+$1,249
Rental cash flow+$7,200
5-year hold
+$19,956(228.9% ROI)
Projected value
$49,317
Return breakdown
Property appreciation+$5,728
Loan principal paid down+$2,228
Rental cash flow+$12,000
10-year hold
+$41,517(476.2% ROI)
Projected value
$55,798
Return breakdown
Property appreciation+$12,209
Loan principal paid down+$5,309
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.29
1 BR
1.16
2 BR
1.48
3 BR
0.83
4 BR
0.82
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 37378 fair market rent, FY 2027

For FY 2027, HUD's Fair Market Rent for a two-bedroom unit in ZIP 37378 (Smartt, TN) is $1,051 a month. That is up 9.0% from $964 in FY 2026. Smartt is in the Warren County, TN non-metropolitan FMR area. One county-wide FMR applies to every ZIP code in it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 37378
BedroomsFY 2027Change90–110% range
Studio$798+9.3%$718–$878
1BR$803+9.3%$723–$883
2BR$1,051+9.0%$946–$1,156
3BR$1,252+8.3%$1,127–$1,377
4BR$1,381+8.2%$1,243–$1,519

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 37378
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$798$803$1,051$1,252$1,381
FY 2026$730$735$964$1,156$1,276
FY 2025$707$712$934$1,125$1,238
FY 2024$679$683$898$1,086$1,207
FY 2023$589$593$780$956$1,105

Questions about ZIP 37378 rents

How much will Section 8 pay for a two-bedroom in ZIP 37378?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,051, that basic range is $946 to $1,156 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 37378 in?

ZIP 37378 is in the Warren County, TN non-metropolitan FMR area.

How much did fair market rent change in ZIP 37378 for FY 2027?

The two-bedroom FMR rose 9.0%, from $964 in FY 2026 to $1,051 in FY 2027. Since FY 2023 it has risen 34.7%.

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 Fair Market Rents. 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 rentSmartt, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources