FY2027 Small Area FMR · Nashville, TN

ZIP 37216 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 37216 (Nashville, TN) is $1,870 a month, up 3.3% from FY2026. That is 4% above the Nashville-Davidson--Murfreesboro--Franklin, TN area-wide FMR of $1,798.

2-bedroom SAFMR$1,870per month ▲ 3.3%

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

Rank in the area30thof 125 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,683

2 BR Small Area FMR$1,870

110% of SAFMR$2,057

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

Studio$1,650▲ 4.4%

1 BR$1,720▲ 4.2%

2 BR$1,870▲ 3.3%

3 BR$2,400▲ 3.9%

4 BR$2,910▲ 3.2%

FY2027 FY2026

Where 37216 sits in the Nashville-Davidson--Murfreesboro--Franklin, TN area

Of the 125 ZIP codes HUD lists for the area, 37216 has the 30th 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 $1,683 and $2,057 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,650	$1,485 – $1,815	$1,585	$1,580
1 bedroom	$1,720	$1,548 – $1,892	$1,650	$1,650
2 bedrooms	$1,870	$1,683 – $2,057	$1,798	$1,810
3 bedrooms	$2,400	$2,160 – $2,640	$2,309	$2,310
4 bedrooms	$2,910	$2,619 – $3,201	$2,799	$2,820

A household renting a two-bedroom home at the Small Area FMR of $1,870 needs about $74,800 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 37216 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
37206	Nashville	2.6 mi	$1,870
37207	Nashville	3.0 mi	$1,500
37115	Madison	3.4 mi	$1,670
37232	Nashville	3.9 mi	$1,840
37238	Nashville	3.9 mi	$1,840
37213	Nashville	4.1 mi	$1,870

Questions

What is the Fair Market Rent for ZIP code 37216?

HUD's FY2027 Small Area Fair Market Rents for 37216 are $1,650 (studio), $1,720 (1 BR), $1,870 (2 BR), $2,400 (3 BR) and $2,910 (4 BR) a month.

What is the Section 8 payment standard in 37216?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 37216 that range is $1,683 to $2,057 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 37216?

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.