Location: Hickman County, TN | Metro: Hickman County, TN HUD Metro FMR Area
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 | $760 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,270 | $311,849 | 0.41% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 37137, characterized by a median home value of $63,812, presents a nuanced investment opportunity for landlords and small-portfolio investors. The median days on market (DOM) figure being listed as N/A suggests either a very active market where homes sell quickly, or possibly an incomplete dataset. Regardless, when combined with the N/A% of listings that have been reduced, it signals a potentially stable market where pricing power remains relatively strong.
This stability in pricing power is further supported by the rental market dynamics. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,010, while the current market rent stands at $819 according to the Census ACS data. This indicates a potential upward trajectory for rental prices, which could provide a buffer against economic downturns and support property values. As rental prices approach the FMR, it becomes increasingly attractive for landlords to maintain or slightly increase rents, thereby ensuring steady cash flows.
For long-term investors, the setup in ZIP 37137 implies a realistic appreciation thesis. Given the low median home value and the expected growth in rental prices, properties here may appreciate in value as the market adjusts to higher demand and rental rates. However, it's important to note that appreciation is not guaranteed and depends on broader economic factors, local job market conditions, and population growth trends. Despite the lack of specific percentage data for appreciation, the current market conditions suggest a favorable environment for holding properties over the next 12-24 months.
Investors should consider the balance between capital appreciation and rental income. With a median home value significantly below the national average and rental prices poised to rise, there is a strong case for maintaining properties in this ZIP code as they are likely to become more valuable over time. Additionally, the ability to command higher rents as the market moves closer to the FMR provides a compelling reason to hold onto these assets, ensuring a steady stream of income and potential for increased equity.
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.