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 | $1,190 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,540 | $407,574 | 0.38% | F |
U.S. Census Bureau data (2024)
The ZIP code 37052 is part of a suburban neighborhood characterized by a relatively small population of 1,659 residents. The area has a low percentage of renters at just 6.1%, indicating a predominantly owner-occupied community. With a median income of $69,423, it suggests that the residents have a comfortable standard of living, though this figure is slightly below the national average. The median home value in the area stands at $359,971, which reflects a stable housing market.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for ZIP 37052 in fiscal year 2024 is set at $1,270. However, the lack of available market rent data makes it difficult to compare the FMR with local rental prices, leaving some uncertainty about the profitability of renting properties in this area under the Section 8 program.
Given the characteristics of ZIP 37052, it appears to be more suitable for a hands-off voucher operator rather than a hands-on value-add buyer. The low percentage of renters and the high median home value indicate that the demand for rental properties might be limited, making it challenging to find tenants who would benefit from the Section 8 program. Additionally, the stable housing market and comfortable median income suggest that residents are likely to prefer owning their homes over renting, further supporting the idea that this area is better suited for a passive investment strategy.
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.