37404
ZIPSAFMR
Hamilton County, TN
BRFMR
Eff. Rent
0 BR$1,130$960
1 BR$1,180$1,100
2 BR$1,300$1,430
3 BR$1,620$1,780
4 BR$1,730$1,900
5 BR$1,989
6 BR$2,288
7 BR$2,631
8 BR$3,026

Purchase Price Calculator

Maximum purchase price
$150,581

Cost breakdown

+Likely effective rent$1,430
HUD FMR$1,300
Market rent$1,570
Est. payment standard (110%)Used$1,430
Estimated payment standard is $1,430 (110% of FMR).
-Principal and interest-$761
Loan amount$120,465
Down payment$30,116
Rate6.50%
Term30 years
-Operating costs-$469
Property taxes-$151
Insurance-$175
Utilities$0
HOA$0
Management-$143
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,094(76.7% ROI)
Projected value
$162,159
Current value$150,581
Return breakdown
Property appreciation+$11,578
Loan principal paid down+$4,316
Rental cash flow+$7,200
5-year hold
+$39,484(131.1% ROI)
Projected value
$170,368
Current value$150,581
Return breakdown
Property appreciation+$19,788
Loan principal paid down+$7,697
Rental cash flow+$12,000
10-year hold
+$84,515(280.6% ROI)
Projected value
$192,756
Current value$150,581
Return breakdown
Property appreciation+$42,175
Loan principal paid down+$18,339
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$1,130
Market$960
vs market+$170

FMR is above market; underwrite to market rent.

90% standard$1,017 / 1.06 ratio110% standard$1,243 / 1.29 ratio
1.18
1 BR
1 BR
1.07ratio
FMR$1,180
Market$1,100
vs market+$80

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

90% standard$1,062 / 0.97 ratio110% standard$1,298 / 1.18 ratio
1.07
2 BR
2 BR
0.83ratio
FMR$1,300
Market$1,570
vs market-$270

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

90% standard$1,170 / 0.75 ratio110% standard$1,430 / 0.91 ratio
0.83
3 BR
3 BR
0.82ratio
FMR$1,620
Market$1,970
vs market-$350

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

90% standard$1,458 / 0.74 ratio110% standard$1,782 / 0.90 ratio
0.82
4 BR
4 BR
0.78ratio
FMR$1,730
Market$2,220
vs market-$490

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

90% standard$1,557 / 0.70 ratio110% standard$1,903 / 0.86 ratio
0.78
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 37404 (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.

37404 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 37404 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,300 and the 4 bedroom fair market rent is $1,730.

Use this page for searches like 37404 FMR, 37404 fair market rent, and 37404 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 37404
Bedroom sizeHUD FMR
Studio$1,130
1 bedroom$1,180
2 bedroom$1,300
3 bedroom$1,620
4 bedroom$1,730