Nashville-Davidson--Murfreesboro--Franklin Fair Market Rent FY 2024 Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area Rental Data

Fair Market Rent prices in Nashville-Davidson--Murfreesboro--Franklin are very high compared to the national average. This FMR area is more expensive than 95% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Nashville-Davidson--Murfreesboro--Franklin is $1,619 per month.

The previous year, rent for a two-bedroom home was $1,406 per month. This is a 15.15% increase year-over-year.

This FMR rate applies to Auburntown, TN, Milton, TN, Liberty, TN, Bradyville, TN, Readyville, TN, Morrison, TN, Christiana, TN, Woodbury, TN, Smithville, TN, Mcminnville, TN and other cities within the region. The Metro Code or CBSA code for this region is METRO34980M34980.

Additionally, This Fair Market Rent (FMR) area Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area spans one county or city in Tennessee which is listed in the table below. Estimated population of Nashville-Davidson--Murfreesboro--Franklin, TN HUD Metro FMR Area FMR area is 14,374 people based on latest Census data.

Compared to the rest of Tennessee, the Nashville-Davidson--Murfreesboro--Franklin FMR area is more expensive than 100% of the state.

Median Rent Prices in Nashville-Davidson--Murfreesboro--Franklin

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: