Location: Marshall County, TN | Metro: Marshall County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,480 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
U.S. Census Bureau data (2024)
To classify ZIP code 37019, we must consider both yield and stability factors. The yield potential can be gauged by comparing the Fair Market Rent (FMR) to the median home value. For fiscal year 2026, the FMR in the metro area is $980, while the median home value in ZIP 37019 is $330,278. This indicates that rental income relative to property value is lower, suggesting a moderate yield environment.
On the stability axis, the percentage of renters at 22.3% is relatively low, which implies that there might not be a strong demand for rentals. However, the median income figure of $47,083 provides some insight into the financial capacity of residents. A higher median income could support rental prices and reduce the risk of default, contributing to a more stable market.
The lack of data on days on market (DOM) makes it difficult to assess the liquidity of the rental market. If the DOM were available, it would help determine how quickly properties can be rented out, thereby affecting the overall stability.
In summary, ZIP 37019 does not appear to be a high-yield/low-stability flip-style market due to the low FMR-to-home-value ratio and the absence of strong rental demand indicators. Instead, it leans towards being a steady-cashflow zone, given the moderate rental yield and the potentially stabilizing effect of the median income level. Landlords and small-portfolio investors should expect reasonable returns but should also be prepared for a less volatile market compared to areas with higher renter populations or more frequent rental turnovers.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.