Section 8 Fair Market Rent (FMR) for ZIP 37864 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 37864, located in Tennessee, encompasses a rural area that is part of the larger Clarksville, TN-KY Metropolitan Statistical Area. This region is characterized by its low population density and primarily residential nature, offering a tranquil setting for both residents and potential investors. The housing market here is influenced by broader trends within the metropolitan area, making it essential to understand these dynamics when considering investment opportunities.

• The Fair Market Rent (FMR) for the metro area, which includes ZIP 37864, is set at $1,160 for fiscal year 2026, providing a benchmark for rental pricing.
• Market rent data specific to ZIP 37864 is currently unavailable, indicating a lack of recent comprehensive studies on local rental rates.
• The median home value in the ZIP code is also not available, suggesting that detailed property valuation data may require further investigation.
• Renter share information for this area is missing, which means the proportion of renters to homeowners cannot be accurately determined without additional research.
• Average days on the market (DOM) data for rentals is not available, making it difficult to assess how quickly properties typically get rented out.
• Median income data for ZIP 37864 is currently unavailable, implying that understanding the economic capacity of the local population requires more detailed analysis.

Investors looking at ZIP 37864 should focus on leveraging the Fair Market Rent figure of $1,160 as a starting point for setting competitive rental prices. However, due to the lack of specific market rent, median home value, renter share, DOM, and median income data, further localized research is necessary to make informed decisions. The absence of these key metrics suggests a less developed or studied rental market, which could present both challenges and opportunities for those willing to conduct thorough due diligence. This area's potential lies in its ability to offer affordable housing options within the context of the Clarksville metropolitan area, but precise financial outcomes will depend on filling in the gaps of the current data landscape.

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.