Location: DeKalb County, TN | Metro: Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
| 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 |
U.S. Census Bureau data (2024)
The ZIP code 37095 presents an interesting landscape for landlords and small-portfolio investors considering Section 8 tenants. With a population of 1,697, 18.8% of residents are renters, indicating a moderate rental presence but not a heavy one compared to other areas. The median household income stands at $64,792, which provides a baseline for understanding the economic context of potential tenants.
In this ZIP, the typical market rent is $531 per month. This figure represents approximately 10.2% of the median household income, suggesting that rent is relatively affordable for the majority of residents. However, when comparing the market rent to the Fair Market Rent (FMR) of $1270 for FY 2024, it becomes evident that the actual rent is significantly lower. The FMR is set by the U.S. Department of Housing and Urban Development (HUD) and is used to determine payment standards for housing assistance programs such as Section 8.
The discrepancy between the market rent and the FMR indicates that there is likely a substantial demand for Section 8 vouchers in this area. Landlords in 37095 can expect to attract tenants who rely on government subsidies to cover their housing costs. These tenants will typically have a portion of their rent subsidized, allowing them to afford living spaces they might otherwise be unable to pay for given their income levels.
To summarize, while ZIP 37095 is not dominated by renters, it does have a notable rental population and a significant gap between the actual market rent and the FMR. This makes it a viable area for landlords looking to participate in the Section 8 program, as they can expect a steady stream of tenants who need financial assistance to meet their housing expenses.
Data Sources: FMR data from HUD (2027). 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.