Section 8 Fair Market Rent (FMR) for ZIP 36533 - 2027

FY 2027 Fair Market Rent Rates

1360 is the Fair Market Rent (FMR) for ZIP code 36533 in fiscal year 2024, setting a benchmark for rental properties in the area. However, the market rent figure is currently unavailable, suggesting that there might be limited data on recent rental transactions in this region. Similarly, the median home value is also not available, indicating a potential lack of comprehensive housing data. The renter share percentage is unknown, making it difficult to assess the proportion of residents who are likely to be seeking rental housing through programs such as Section 8. The median income data is also missing, which would have been crucial in understanding the economic profile of the residents and their ability to contribute to the rent. With an unknown Days on Market (DOM), it's challenging to gauge how quickly rental properties are typically leased in this area. The percentage of price-cut share is also not provided, leaving a gap in understanding how frequently landlords adjust their rental rates to attract tenants. Given the absence of key market indicators like median home value and market rent, landlords and investors should rely heavily on the 1360 FMR to guide their rental pricing strategies. This figure ensures compliance with HUD standards while providing a stable income source for landlords. In conclusion, for ZIP code 36533, participating in Section 8 can be a reliable option for landlords, given the clarity provided by the FMR.

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.