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Maury County/Primm Springs/38476

38476

ZIPSAFMR
Maury County, TN
Zillow
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,200$1,200
1 BR$1,240$1,240
2 BR$1,440$1,440
3 BR$1,840$1,840
4 BR$2,270$2,270
5 BR$2,611Not available
6 BR$3,002Not available
7 BR$3,452Not available
8 BR$3,970Not available

Purchase Price Calculator

Maximum purchase price
$152,067

Cost breakdown

+Likely effective rent$1,440
HUD FMRUsed$1,440
Market rentN/A
Est. payment standardN/A
-Principal and interest-$769
Loan amount$121,654
Down payment$30,413
Rate6.50%
Term30 years
-Operating costs-$471
Property taxes-$152
Insurance-$175
Utilities$0
HOA$0
Management-$144
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$23,251(76.5% ROI)
Projected value
$163,759
Return breakdown
Property appreciation+$11,693
Loan principal paid down+$4,359
Rental cash flow+$7,200
5-year hold
+$39,755(130.7% ROI)
Projected value
$172,050
Return breakdown
Property appreciation+$19,983
Loan principal paid down+$7,772
Rental cash flow+$12,000
10-year hold
+$85,112(279.9% ROI)
Projected value
$194,659
Return breakdown
Property appreciation+$42,592
Loan principal paid down+$18,520
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 38476 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 38476 (Primm Springs, TN) is $1,440 a month. That is up 3.6% from $1,390 in FY 2026. Primm Springs is in the Maury County, TN HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 13 ZIP codes in Maury County, 38476 has the 4th-highest two-bedroom rent (county range $1,220–$2,120). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 38476 is 37% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 38476
BedroomsFY 2027Change90–110% range
Studio$1,200+1.7%$1,080–$1,320
1BR$1,240+1.6%$1,116–$1,364
2BR$1,440+3.6%$1,296–$1,584
3BR$1,840+4.0%$1,656–$2,024
4BR$2,270+2.7%$2,043–$2,497

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 38476
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,200$1,240$1,440$1,840$2,270
FY 2026$1,180$1,220$1,390$1,770$2,210
FY 2025$1,270$1,310$1,470$1,860$2,280
FY 2024$1,410$1,450$1,630$2,050$2,500
FY 2023$1,230$1,250$1,420$1,770$2,190

Two-bedroom rent in nearby Maury County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 38476
37174$2,120+47.2%
38401$1,360−5.6%
38402$1,470+2.1%
38451$1,320−8.3%
38454$1,220−15.3%
38461$1,220−15.3%
38472$1,220−15.3%
38474$1,220−15.3%
38476Current$1,440—
38482$1,490+3.5%
38483$1,220−15.3%
38487$1,400−2.8%

Questions about ZIP 38476 rents

How much will Section 8 pay for a two-bedroom in ZIP 38476?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,440, that basic range is $1,296 to $1,584 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 38476 in?

ZIP 38476 is in the Maury County, TN HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 38476 for FY 2027?

The two-bedroom FMR rose 3.6%, from $1,390 in FY 2026 to $1,440 in FY 2027. Since FY 2023 it has risen 1.4%.

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 rentPrimm Springs, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources