Location: Clarksville, 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 | $1,110 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,880 | $316,021 | 0.59% | F |
U.S. Census Bureau data (2024)
The ZIP code 37191, with a population of 3,860, has a notable 18.7% of residents who are renters. This indicates that while it is not overwhelmingly dominated by renters, there is still a significant portion of the population that relies on rental housing. The median household income stands at $91,455, which is relatively high compared to many areas. However, the market rent in this ZIP code is $1,180 per month, suggesting that typical rent consumes a substantial portion of local incomes.
To put this into perspective, the Fair Market Rent (FMR) for the area, set at $970 for FY 2024, is lower than the current market rent. This implies that tenants receiving Section 8 vouchers, which are typically capped around the FMR, would find it challenging to afford market-rate rentals without additional financial resources. In other words, landlords in ZIP 37191 should anticipate that Section 8 tenants might struggle to cover the difference between their voucher amount and the actual market rent.
The disparity between the FMR and market rent highlights an important consideration for landlords. With the FMR at $970, landlords would need to ensure that they can attract tenants willing to pay the extra $210 above the voucher limit. This could mean offering more competitive amenities or maintaining exceptionally well-managed properties to justify the higher cost.
In summary, ZIP 37191 is not a renter-heavy area with deep voucher demand but rather a mix of homeowners and renters. Landlords should prepare for a tenant pool that includes those relying on Section 8 vouchers, who will likely need to supplement the voucher amount to meet the higher market rents. Expect tenants who are financially capable of covering the gap between the voucher and market rent or are willing to negotiate alternative arrangements.
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.