Location: DeKalb County, TN | Metro: DeKalb County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,270 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $2,120 |
| 5 Bedrooms | $2,459 |
| 6 Bedrooms | $2,754 |
| 7 Bedrooms | $2,974 |
| 8 Bedrooms | $3,123 |
U.S. Census Bureau data (2024)
The ZIP code 37059 stands out in XX County due to its unique demographic and economic characteristics. With a population of 1,590 residents, it has a notable rental rate of 36.5%, indicating a significant portion of the community lives in rented properties. The median income in this area is $49,510, which is relatively modest compared to the median home value of $264,444. This suggests that homeownership is more expensive relative to the average income, making affordable housing options like rentals and Section 8 vouchers particularly important.
Moving into the specifics of voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,160. This figure is slightly higher than the current market rent, which is estimated at $1,075 according to the Census ACS. The gap between the FMR and the actual market rent means that landlords who accept Section 8 vouchers can expect a slight premium over the typical market rates, potentially offering a better financial return on investment.
Given the data signature of ZIP 37059, it appears to be a stable market. The relatively high rental rate combined with a modest median income indicates a strong reliance on affordable housing solutions. Meanwhile, the median home value being significantly higher than the median income points towards an environment where rental properties, especially those that can leverage Section 8 vouchers, will continue to play a crucial role in providing housing options to residents. Landlords and small-portfolio investors should take note of these dynamics when considering their investment strategies in this ZIP code.
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.