Location: Nashville-Davidson--Murfreesboro--Franklin, TN | Metro: Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,640 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $1,870 |
| 3 Bedrooms | $2,390 |
| 4 Bedrooms | $2,900 |
| 5 Bedrooms | $3,364 |
| 6 Bedrooms | $3,768 |
| 7 Bedrooms | $4,069 |
| 8 Bedrooms | $4,272 |
U.S. Census Bureau data (2024)
To profile ZIP code 37213 for Section 8 tenants, we need to rely on the available data points. The population of 25 is exceptionally low, suggesting that this ZIP code might be inaccurately represented due to insufficient data or an anomaly in reporting. Typically, a ZIP code would have a much larger population, so this figure alone is not indicative of a robust rental market.
The percentage of renters and median household income are marked as N/A, which limits our ability to make a comprehensive analysis. However, given the low population, it's reasonable to infer that the number of potential renters and those utilizing Section 8 vouchers would also be limited.
Without specific market rent figures, it's challenging to provide an accurate comparison to the Fair Market Rent (FMR) of $1700 for FY 2024. If we assume the typical market rent is around the FMR, then a significant portion of the local income would be consumed by rent, especially considering the lack of data on median incomes.
In areas where Section 8 vouchers are prevalent, the FMR serves as a benchmark for the maximum allowable rent for voucher holders. In ZIP 37213, if the local market rents align closely with the FMR, then tenants using vouchers could find suitable housing options. However, the scarcity of data makes it difficult to ascertain the depth of voucher demand in this area.
A landlord in ZIP 37213 should expect a tenant pool that is likely small and potentially diverse in terms of income sources and needs. Given the limited data, it's advisable to consider the broader regional context when setting expectations for the type of tenants who might apply for rentals. Landlords should prepare for a mix of tenants, including those who may rely on Section 8 vouchers, but the overall volume of applications is expected to be low.
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.