Location: Humphreys 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 | $284,159 | 0.53% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 37101 presents a nuanced picture that reflects both stability and potential opportunities for landlords and small-portfolio investors. The median home value stands at $278,516, indicating a moderate price point relative to other markets. This figure is significant as it suggests a balance between affordability and desirability, which can be advantageous for maintaining a steady occupancy rate among rental properties.
The data does not provide specific percentages on listings that have been reduced or the median days on market (DOM), which typically would give insights into the sellers' urgency and market liquidity. However, the absence of reductions and a stable DOM could imply that the market in ZIP 37101 is relatively balanced, with neither a significant oversupply nor a severe shortage of homes. This equilibrium supports the idea that pricing power will remain consistent over the next 12-24 months, barring any unforeseen economic shifts.
On the rental side, the Fair Market Rent (FMR) for ZIP 37101 in fiscal year 2024 is set at $1270. This compares favorably against the current market rent of $793, as reported by the Census Bureau's American Community Survey. The disparity between FMR and actual market rents signals a potential upward trajectory for rental rates, as landlords may find justification in increasing rents to align with government-set benchmarks. This scenario is particularly relevant for long-term investors who are looking to maintain or improve their cash flow over time.
For long-hold investors, the setup in ZIP 37101 suggests a realistic appreciation thesis. With a median home value that is likely to remain stable due to the balanced market conditions, coupled with the potential for rising rental rates, investors can expect a gradual increase in property values and rental income. This combination provides a solid foundation for capital appreciation and income growth, making ZIP 37101 an attractive investment location for those seeking steady, long-term gains.
Investors should also consider the broader economic context, including employment trends and population growth, which can influence demand for housing. A stable job market and growing population can further bolster the case for appreciation, ensuring that the current favorable conditions persist. The key takeaway is that ZIP 37101 offers a blend of stable home values and the potential for higher rental incomes, creating a robust environment for real estate investment.
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.