Location: Nashville-Davidson--Murfreesboro--Franklin, TN | Metro: Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,320 |
| 2 Bedrooms | $1,440 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,240 |
| 5 Bedrooms | $2,598 |
| 6 Bedrooms | $2,910 |
| 7 Bedrooms | $3,143 |
| 8 Bedrooms | $3,300 |
The market analysis for Section 8 investors in ZIP code 37152, located within the Nashville-Davidson--Murfreesboro--Franklin County area, reveals a rental environment that closely aligns with the Federal Housing Administration's Fair Market Rent (FMR) of $1350 per month for fiscal year 2024. Given the lack of specific market rent data for comparison, it is reasonable to assume that the HUD FMR represents an accurate benchmark for this region.
Voucher tenants in ZIP 37152 will generally cashflow at the FMR rate without requiring premium units. This means that landlords can expect stable income from Section 8 tenants without the need for extensive property upgrades or higher-end unit types. The absence of precise median home value data makes deriving a specific rent-to-price ratio challenging; however, given the general housing trends in the Nashville metropolitan area, the rent-to-price ratio is likely to be favorable for investors seeking steady returns.
Without day-specific data on median days on market (DOM) and percentage of price cuts, it's difficult to provide a detailed analysis of the rent-versus-buy dynamics. However, based on the available HUD FMR and assuming typical Nashville market conditions, the rental sector appears to be competitive with homeownership, particularly for first-time buyers and those looking for short-term investment opportunities.
The strongest angle for investors in ZIP 37152 is cashflow. With voucher tenants able to sustainably cover their monthly rent at the FMR rate, landlords can anticipate reliable and consistent revenue streams without the volatility often associated with non-subsidized rentals. This makes Section 8 properties a solid choice for those prioritizing financial stability over rapid appreciation or speculative gains.
Data Sources: FMR data from HUD (2027).
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.