Location: Humphreys County, TN | Metro: Humphreys County, TN
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,060 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,260 | $237,163 | 0.53% | F |
U.S. Census Bureau data (2024)
ZIP 37134, located in Humphreys County, TN, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, while the current market rent stands at $849. This creates a positive spread of $121 per unit, ensuring steady cash flow.
The median home value in the area is $223,176, which aligns well with the rental subsidy levels available under Section 8. With a median household income of $78,884, tenants in this ZIP code are likely to qualify for the program, further stabilizing occupancy rates and ensuring consistent rental income.
The area's demographics also support this classification. With a population of 655 and a median age of 45.6 years, the community is relatively stable and less prone to frequent tenant turnover, which can be costly and disruptive. Additionally, the number of active listings is low at 20, indicating limited competition for rental properties and a favorable environment for maintaining rental rates.
In conclusion, ZIP 37134 serves as a reliable cash-flow anchor due to the favorable spread between FMR and market rents, along with stable demographics and limited competition.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.