Location: McMinn County, TN | Metro: McMinn 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 | $760 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,210 | $336,596 | 0.36% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 37370 signals a balanced market, with implications for both pricing power and investment strategy over the next 12-24 months. The median home value stands at $300,611, indicating a stable housing price environment. With only 0.3% of listings experiencing reductions, it's clear that sellers maintain significant pricing leverage. This suggests that homes are holding their value well, and there is little pressure to discount properties to attract buyers.
The median days on market (DOM) being reported as N/A could imply several things. It might suggest that homes are selling quickly, often before reaching a typical DOM measurement point, or it could indicate a low volume of sales activity where DOM data isn't sufficiently robust. In either case, the implication for pricing power is positive. Sellers can expect to command close to their asking prices, especially if they're aligned with the median home value.
On the rental side, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is projected to be $930, while the current market rate is around $735. This gap between the FMR and the actual market rate suggests potential growth in rental income for landlords and small-portfolio investors. As the market adjusts to meet the FMR, there is an opportunity for increased rental yields without significantly increasing vacancy rates.
For long-term investors, the setup implies a realistic appreciation thesis. The combination of stable home values, strong seller pricing power, and a growing rental market suggests that property values in ZIP 37370 will likely remain resilient. However, the appreciation rate is expected to be modest rather than explosive, aligning with broader regional trends. Investors should focus on the steady income from rentals and the gradual increase in property value, rather than speculative gains.
In summary, the current metrics paint a picture of a market that favors sellers and provides a solid foundation for long-term investment strategies. Pricing power is robust, and rental income is poised for growth, making ZIP 37370 a viable option for those looking to invest in a stable real estate environment.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.