FY2027 Small Area FMR · Mount Juliet, TN

ZIP 37121 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37121 (Mount Juliet, TN) is $1,700 a month, up 4.3% from FY2026. That is 5% below the Nashville-Davidson--Murfreesboro--Franklin, TN area-wide FMR of $1,798.

2-bedroom SAFMR$1,700per month ▲ 4.3%

Area-wide 2 BR FMR$1,798Nashville-Davidson--Murfrees

Rank in the area58thof 125 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,530

2 BR Small Area FMR$1,700

110% of SAFMR$1,870

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,500▲ 5.6%

1 BR$1,560▲ 4.7%

2 BR$1,700▲ 4.3%

3 BR$2,180▲ 4.8%

4 BR$2,650▲ 4.3%

FY2027 FY2026

Where 37121 sits in the Nashville-Davidson--Murfreesboro--Franklin, TN area

Of the 125 ZIP codes HUD lists for the area, 37121 has the 58th highest two-bedroom Small Area FMR. Nashville-Davidson--Murfreesboro--Franklin, TN is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2023), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,530 and $1,870 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,500	$1,350 – $1,650	$1,585	$1,420
1 bedroom	$1,560	$1,404 – $1,716	$1,650	$1,490
2 bedrooms	$1,700	$1,530 – $1,870	$1,798	$1,630
3 bedrooms	$2,180	$1,962 – $2,398	$2,309	$2,080
4 bedrooms	$2,650	$2,385 – $2,915	$2,799	$2,540

A household renting a two-bedroom home at the Small Area FMR of $1,700 needs about $68,000 a year to keep housing costs at 30% of income. The area median family income is $116,100 and the 80% low-income limit for four people is $92,900. ZIP code 37121 lies mainly in Wilson County. See the Nashville-Davidson--Murfreesboro--Franklin, TN metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
37122	Mount Juliet	2.3 mi	$2,280
37076	Hermitage	5.0 mi	$1,840
37138	Old Hickory	6.1 mi	$1,850
37214	Nashville	9.0 mi	$2,050
37217	Nashville	10.0 mi	$1,860
37115	Madison	10.6 mi	$1,670

Questions

What is the Fair Market Rent for ZIP code 37121?

HUD's FY2027 Small Area Fair Market Rents for 37121 are $1,500 (studio), $1,560 (1 BR), $1,700 (2 BR), $2,180 (3 BR) and $2,650 (4 BR) a month.

What is the Section 8 payment standard in 37121?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37121 that range is $1,530 to $1,870 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37121?

The FY2026 income limits of the Nashville-Davidson--Murfreesboro--Franklin, TN area apply: median family income $116,100, low-income (80%) limit $92,900 for a family of four.