Location: Coffee County, TN | Metro: Coffee County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,460 |
| 5 Bedrooms | $1,694 |
| 6 Bedrooms | $1,897 |
| 7 Bedrooms | $2,049 |
| 8 Bedrooms | $2,151 |
A skeptical investor considering ZIP 37389 (Arnold AFB, TN) might have several concerns regarding the feasibility of investing in the area. Let's address these objections with the available data.
Objection 1: Will Fair Market Rent (FMR) $960 (metro FY 2026) cover the mortgage on a home?
The current data does not provide the exact average home price for ZIP 37389. However, it is crucial to understand that the FMR of $960 is set to ensure that rental properties remain affordable to low-income households. Landlords should calculate their mortgage costs based on the typical home prices in the area and compare them against the FMR to determine if the investment is financially viable. Without specific figures, it is challenging to definitively state whether the FMR will cover the mortgage, but investors must ensure that the rental income aligns with their financial goals.
Objection 2: Is there enough renter demand at N/A%?
Data from Trulia indicates that there are 197 rental properties listed in ZIP 37389 and its surrounding areas. While the exact percentage of renter demand is not specified, the presence of numerous rental listings suggests a significant interest in renting properties. Investors should consider conducting further research into local rental trends and vacancy rates to gauge the true level of demand.
Objection 3: Will vouchers keep pace with market rents?
The specific trends in housing voucher usage for ZIP 37389 are not detailed in the available data. However, it is important to note that housing vouchers are designed to help low-income families afford decent housing. The effectiveness of vouchers in covering market rents depends on the local cost of living and the administration's ability to adjust voucher amounts. Investors should monitor any updates on voucher policies and amounts to ensure they can still attract tenants even if market rents rise.
In conclusion, while some aspects of the investment landscape in ZIP 37389 are clear, such as the number of rental properties available, other critical factors like the average home price and precise renter demand percentages are less defined. Investors should proceed with caution, using the available data to inform their decisions while being prepared to conduct additional research to fill in the gaps.
Data Sources: FMR data from HUD (2027).
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.