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 | $770 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,550 |
| 5 Bedrooms | $1,798 |
| 6 Bedrooms | $2,014 |
| 7 Bedrooms | $2,175 |
| 8 Bedrooms | $2,284 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $187,402 | 0.54% | F |
| 3BR | $1,380 | $257,527 | 0.54% | F |
| 4BR | $1,550 | $356,660 | 0.43% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 37334, encompassing Fayetteville, TN, and the Moore County, TN metro area, does not work favorably for landlords. The Fair Market Rent (FMR) set at $940 for fiscal year 2026 is higher than the current market rent of $868, as reported by the Census Bureau's American Community Survey (ACS). This indicates that landlords may be overestimating potential rental income if they align their rents with the FMR.
Acquisition in this area is relatively affordable. With a median home value of $255,754, the cost of entry into the real estate market is moderate. The average Days on Market (DOM) of 51 days suggests that homes are selling quickly, indicating a healthy local market. Additionally, only 0.3% of listings have required price cuts, which further supports the idea that properties in this area are likely to sell without significant reductions.
Tenant demand is present but not overwhelming. The total population of 23,790 residents includes a notable 30.6% who are renters. This percentage translates to approximately 7,276 individuals actively seeking rental housing. While this represents a substantial tenant pool, it also means that nearly two-thirds of the population owns their homes, potentially limiting the number of available renters.
Verdict: Investing in ZIP 37334 is moderately attractive for small-portfolio investors due to the affordable acquisition costs and quick sales cycle. However, landlords should be cautious about setting rents too high, as the current market rent is below the FMR. Tenant demand exists but is not robust enough to support excessive rent increases. Given these factors, the area offers a balanced opportunity for those willing to invest prudently and manage expectations.
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.