Location: Nashville-Davidson--Murfreesboro--Franklin, 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 | $1,830 |
| 1 Bedroom | $1,910 |
| 2 Bedrooms | $2,080 |
| 3 Bedrooms | $2,670 |
| 4 Bedrooms | $3,240 |
| 5 Bedrooms | $3,758 |
| 6 Bedrooms | $4,209 |
| 7 Bedrooms | $4,546 |
| 8 Bedrooms | $4,773 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $2,080 | $268,473 | 0.77% | D |
| 3BR | $2,670 | $340,600 | 0.78% | D |
| 4BR | $3,240 | $433,127 | 0.75% | D |
U.S. Census Bureau data (2024)
1820 is the Fair Market Rent (FMR) for ZIP code 37086, La Vergne, TN, set for fiscal year 2024. This figure represents the maximum amount that a landlord can charge for a Section 8 rental unit in the area. In contrast, the market rent, known as ZORI, stands at 2022 dollars, indicating that landlords outside the Section 8 program could potentially charge more. The median home value in the region is 343275 dollars, reflecting the overall property values in La Vergne. Renter share, at 26.6%, suggests a significant portion of the population rents rather than owns their homes, which is valuable information for landlords considering their tenant pool.
78857 dollars is the median income in the area, providing insight into the financial capabilities of potential tenants. A 22-day DOM, or days on market, indicates that properties listed for rent are typically occupied quickly, suggesting a strong demand for rentals. Furthermore, only 0.3% of listings have been marked down in price, which implies that the rental market is robust and that landlords can maintain competitive pricing without frequent adjustments.
Investors should note that while the market rent exceeds the Section 8 FMR, the demand for rental properties is high, and the ability to secure tenants swiftly is evident. Given the low price-cut share and quick DOM, it's clear that the rental market in La Vergne, TN, is favorable for landlords. The 1820-dollar FMR aligns well with the economic conditions of the area, making Section 8 participation a viable option for those willing to accept government-set rates.
Verdict: Participation in the Section 8 program is advisable for landlords in La Vergne, TN, given the alignment between the FMR and local economic conditions.
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.