37615
ZIPSAFMR
Sullivan County, TN
BRFMR
Eff. Rent
0 BR$960$1,060
1 BR$970$1,070
2 BR$1,230$1,350
3 BR$1,520$1,670
4 BR$1,680$1,850
5 BR$1,932
6 BR$2,222
7 BR$2,555
8 BR$2,938

Purchase Price Calculator

Maximum purchase price
$138,693

Cost breakdown

+Likely effective rent$1,350
HUD FMR$1,230
Market rent$1,420
Est. payment standard (110%)Used$1,350
Estimated payment standard is $1,350 (110% of FMR).
-Principal and interest-$701
Loan amount$110,954
Down payment$27,739
Rate6.50%
Term30 years
-Operating costs-$449
Property taxes-$139
Insurance-$175
Utilities$0
HOA$0
Management-$135
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$21,839(78.7% ROI)
Projected value
$149,357
Current value$138,693
Return breakdown
Property appreciation+$10,664
Loan principal paid down+$3,975
Rental cash flow+$7,200
5-year hold
+$37,314(134.5% ROI)
Projected value
$156,918
Current value$138,693
Return breakdown
Property appreciation+$18,225
Loan principal paid down+$7,089
Rental cash flow+$12,000
10-year hold
+$79,737(287.5% ROI)
Projected value
$177,539
Current value$138,693
Return breakdown
Property appreciation+$38,846
Loan principal paid down+$16,892
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
0.80ratio
FMR$960
Market$1,200
vs market-$240

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

90% standard$864 / 0.72 ratio110% standard$1,056 / 0.88 ratio
0.80
1 BR
1 BR
0.78ratio
FMR$970
Market$1,240
vs market-$270

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

90% standard$873 / 0.70 ratio110% standard$1,067 / 0.86 ratio
0.78
2 BR
2 BR
0.87ratio
FMR$1,230
Market$1,420
vs market-$190

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

90% standard$1,107 / 0.78 ratio110% standard$1,353 / 0.95 ratio
0.87
3 BR
3 BR
0.71ratio
FMR$1,520
Market$2,140
vs market-$620

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

90% standard$1,368 / 0.64 ratio110% standard$1,672 / 0.78 ratio
0.71
4 BR
4 BR
0.61ratio
FMR$1,680
Market$2,750
vs market-$1,070

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

90% standard$1,512 / 0.55 ratio110% standard$1,848 / 0.67 ratio
0.61
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for all bedroom 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 37615 (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.

37615 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 37615 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,230 and the 4 bedroom fair market rent is $1,680.

Use this page for searches like 37615 FMR, 37615 fair market rent, and 37615 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 37615
Bedroom sizeHUD FMR
Studio$960
1 bedroom$970
2 bedroom$1,230
3 bedroom$1,520
4 bedroom$1,680