Location: Moore County, TN | Metro: Bedford 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 | $900 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,750 |
| 5 Bedrooms | $2,030 |
| 6 Bedrooms | $2,274 |
| 7 Bedrooms | $2,456 |
| 8 Bedrooms | $2,579 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,600 | $294,211 | 0.54% | F |
U.S. Census Bureau data (2024)
The ZIP code 37144, located in a county with 2,892 residents, stands out due to its unique mix of rental and homeownership rates, along with median income and home values. With only 15.1% of residents renting, it indicates a predominantly owner-occupied area. The median income of $64,620 suggests a middle-class community, while the median home value of $321,638 reflects a stable housing market.
The economic dynamics of Section 8 vouchers in this ZIP code are particularly noteworthy. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $940, which is significantly lower than the current market rent of $1,315 as per the Census ACS data. This discrepancy means that landlords accepting Section 8 vouchers can expect a lower rental income compared to the market rate, but it also implies that the demand for subsidized housing is likely high due to the relatively low FMR.
Given the data signature, ZIP 37144 appears to be a stable community with a strong preference for homeownership. However, the presence of Section 8 vouchers signals an underlying need for affordable housing options, which could suggest a transitional element within the otherwise stable housing environment. Landlords should consider these factors when deciding whether to accept Section 8 vouchers, weighing the benefits of consistent rental payments against the potential for lower-than-market rents.
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.