FY2027 Small Area FMR · Nashville, TN

ZIP 37205 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37205 (Nashville, TN) is $2,260 a month, up 1.3% from FY2026. That is 26% above the Nashville-Davidson--Murfreesboro--Franklin, TN area-wide FMR of $1,798.

2-bedroom SAFMR$2,260per month ▲ 1.3%

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

Rank in the area14thof 125 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$2,034

2 BR Small Area FMR$2,260

110% of SAFMR$2,486

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

Studio$1,990▲ 2.6%

1 BR$2,070▲ 2.0%

2 BR$2,260▲ 1.3%

3 BR$2,900▲ 1.8%

4 BR$3,520▲ 1.4%

FY2027 FY2026

Where 37205 sits in the Nashville-Davidson--Murfreesboro--Franklin, TN area

Of the 125 ZIP codes HUD lists for the area, 37205 has the 14th 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 $2,034 and $2,486 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,990	$1,791 – $2,189	$1,585	$1,940
1 bedroom	$2,070	$1,863 – $2,277	$1,650	$2,030
2 bedrooms	$2,260	$2,034 – $2,486	$1,798	$2,230
3 bedrooms	$2,900	$2,610 – $3,190	$2,309	$2,850
4 bedrooms	$3,520	$3,168 – $3,872	$2,799	$3,470

A household renting a two-bedroom home at the Small Area FMR of $2,260 needs about $90,400 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 37205 lies mainly in Davidson 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
37215	Nashville	2.9 mi	$2,240
37218	Nashville	4.1 mi	$1,720
37212	Nashville	4.1 mi	$1,890
37203	Nashville	5.2 mi	$2,140
37220	Nashville	5.3 mi	$2,230
37204	Nashville	5.4 mi	$2,300

Questions

What is the Fair Market Rent for ZIP code 37205?

HUD's FY2027 Small Area Fair Market Rents for 37205 are $1,990 (studio), $2,070 (1 BR), $2,260 (2 BR), $2,900 (3 BR) and $3,520 (4 BR) a month.

What is the Section 8 payment standard in 37205?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37205 that range is $2,034 to $2,486 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37205?

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.