Location: Houston County, 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 | $1,190 |
| 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 | $413,387 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 37051 has a population of 3,765 residents, with 22.1% being renters. This indicates that while there is a significant portion of renters, it is not overwhelmingly dominated by rental properties. The median household income in this area stands at $69,545, which provides a baseline for understanding the economic context of potential tenants.
The market rent in ZIP 37051 is $867, which represents approximately 12.5% of the median household income. This suggests that the typical rent is relatively affordable compared to the average income, making it easier for tenants to cover their housing costs without excessive financial strain. However, it also means that landlords might face competition from other forms of housing, such as homeownership, where the cost could be comparable or even lower.
To further analyze the viability of Section 8 tenants, consider the Fair Market Rent (FMR) set at $1270 for FY 2024. This figure is notably higher than the current market rent, indicating that Section 8 vouchers can potentially cover a significant portion of the rent in this area. Given the discrepancy between the FMR and the actual market rent, landlords in ZIP 37051 can expect a steady demand for rental units from voucher holders.
The expected tenant profile for landlords in this ZIP code includes individuals who benefit from the financial support of Section 8 vouchers. These tenants are likely to have incomes below the median, possibly around 30% of the Area Median Income (AMI), which would qualify them for assistance under the program. Landlords should prepare to work with Housing Authorities and follow the guidelines set forth for accepting Section 8 vouchers, ensuring compliance with federal requirements and maintaining the quality of their properties to attract and retain these tenants.
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.