Location: Coffee County, TN | Metro: Nashville-Davidson--Murfreesboro--Franklin, TN 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 | $1,190 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,500 | $333,373 | 0.45% | F |
U.S. Census Bureau data (2024)
The dynamics of the ZIP 37026 real estate market reveal a scenario where demand is likely outpacing supply, especially within the rental sector. This inference is drawn from the comparison between the Fair Market Rent (FMR) and the actual market rent. The FMR for ZIP 37026 stands at $1270, which is significantly higher than the reported market rent of $934. This gap suggests that rental properties priced at or near the FMR may struggle to find tenants, indicating a competitive rental environment where landlords must offer rents below the FMR to attract tenants.
The median home value of $336,017 provides insight into the overall cost of homeownership in the area. However, without specific data on price-cut share and days on market (DOM), it's challenging to pinpoint exact trends in the sale market. Nevertheless, the relatively high median home value compared to the rental market could imply a strong preference for renting over buying among residents, possibly due to affordability concerns or lifestyle choices.
A notable statistic is the 14.0% renter share, which is indicative of a market with persistent long-term housing pressure. This percentage highlights that nearly one in seven residents are renters, suggesting a significant portion of the population may be facing challenges in transitioning to homeownership. Such a trend can exert ongoing pressure on the rental market, driving demand and potentially leading to higher rental rates over time as more individuals seek affordable housing options.
In summary, ZIP 37026 presents a market characterized by a rental sector where demand appears to exceed supply, as evidenced by the disparity between FMR and actual market rents. The median home value further underscores the challenges faced by potential buyers, reinforcing the importance of the rental market for both residents and investors. Landlords and small-portfolio investors should remain vigilant to these dynamics, particularly the implications of a high renter share, to make informed decisions about their investments in this area.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.