37378
ZIPFMR
Warren County, TN
BRFMR
Eff. Rent
0 BR$730$620
1 BR$735$690
2 BR$964$710
3 BR$1,156$1,270
4 BR$1,276$1,400
5 BR$1,467
6 BR$1,688
7 BR$1,941
8 BR$2,232

Purchase Price Calculator

Maximum purchase price
$43,589

Cost breakdown

+Likely effective rent$710
HUD FMR$964
Market rentUsed$710
Est. payment standard (90%)$870
Market rent is below the inferred standard ($870, 90% of FMR).
-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
Current value$43,589
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
Current value$43,589
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
Current value$43,589
Return breakdown
Property appreciation+$12,209
Loan principal paid down+$5,309
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
1.18ratio
FMR$730
Market$620
vs market+$110

FMR is above market; underwrite to market rent.

90% standard$657 / 1.06 ratio110% standard$803 / 1.30 ratio
1.18
1 BR
1 BR
1.07ratio
FMR$735
Market$690
vs market+$45

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

90% standard$662 / 0.96 ratio110% standard$809 / 1.17 ratio
1.07
2 BR
2 BR
1.36ratio
FMR$964
Market$710
vs market+$254

FMR is above market; underwrite to market rent.

90% standard$868 / 1.22 ratio110% standard$1,060 / 1.49 ratio
1.36
3 BR
3 BR
0.77ratio
FMR$1,156
Market$1,510
vs market-$354

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

90% standard$1,040 / 0.69 ratio110% standard$1,272 / 0.84 ratio
0.77
4 BR
4 BR
0.76ratio
FMR$1,276
Market$1,680
vs market-$404

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

90% standard$1,148 / 0.68 ratio110% standard$1,404 / 0.84 ratio
0.76
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 37378 (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 FMR 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.

37378 fair market rent and Section 8 rent limits

The FY 2026 HUD Fair Market Rent (FMR) page for 37378 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $964 and the 4 bedroom fair market rent is $1,276.

Use this page for searches like 37378 FMR, 37378 fair market rent, and 37378 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 37378
Bedroom sizeHUD FMR
Studio$730
1 bedroom$735
2 bedroom$964
3 bedroom$1,156
4 bedroom$1,276