Location: Nashville-Davidson--Murfreesboro--Franklin, TN | Metro: Clarksville, TN-KY HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,670 | $435,858 | 0.38% | F |
| 4BR | $2,020 | $514,164 | 0.39% | F |
U.S. Census Bureau data (2024)
The dynamics of ZIP code 37010 reveal a market in motion, characterized by specific indicators that shed light on the relationship between supply and demand. The Fair Market Rent (FMR) for ZIP 37010 stands at $1670 for fiscal year 2024, indicating a benchmark set by HUD for assessing rental affordability. While the market rent is currently unavailable, the low 0.2% price-cut share suggests that landlords and property owners are maintaining their asking rents without significant concessions, implying a relatively stable or slightly bullish rental environment.
The median home value of $452,520 provides insight into the overall cost of homeownership in the area. Although the days on market (DOM) for properties are also unreported, the fact that there's a low percentage of price cuts could point towards a market where demand meets supply, if not slightly outpaces it. This scenario would mean that homes are selling close to their original listing prices, which is favorable for sellers and indicates a competitive market for both renters and buyers.
A key indicator of the ZIP's housing dynamics is the 9.3% renter share. This figure tells us that a notable portion of residents choose to rent rather than own. In the context of long-term housing pressure, a higher renter share can suggest ongoing challenges for potential homeowners due to factors such as high home values or other economic pressures. For landlords and small-portfolio investors, this implies a consistent base of renters, which can be seen as a positive sign for the stability of rental income.
In summary, ZIP 37010 presents a market where the balance between supply and demand appears to be tipping slightly towards demand, supported by the low price-cut share and the steady FMR. The presence of a sizeable renter population, represented by the 9.3% renter share, points to enduring housing dynamics that favor the rental sector. These conditions create an environment where landlords can maintain their rents and where small-portfolio investors might find opportunities in both the rental and sales markets.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.