Location: Greene County, TN | Metro: Greene 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 | $720 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,320 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,320 | $317,535 | 0.42% | F |
U.S. Census Bureau data (2024)
The ZIP code 37616 in Greene County, TN, serves as a solid appreciation play within a Section 8 portfolio strategy. With a median home value of $281,876, the area demonstrates a steady increase in home values, rising by 3.6% over the past year. This growth trend indicates that the properties in this region have potential for long-term capital appreciation.
The Federal Market Rent (FMR) for the Greene County TN metro area in fiscal year 2026 is set at $960. However, the actual market rent is lower, at $796, suggesting a positive spread for landlords participating in the Section 8 program. This spread allows for a buffer against potential increases in maintenance costs or property taxes, ensuring a stable cash flow.
ZIP 37616 also offers a significant renter share of 20.0%, which aligns well with the Section 8 tenant base. The median income of $67,662 indicates that there is a sufficient number of residents eligible for the Section 8 program, thus providing a reliable source of tenants for landlords.
While the data does not provide specific information on price-cut shares or days on market (DOM), the overall stability and appreciation potential of the ZIP code make it a strong candidate for an appreciation play. Landlords and small-portfolio investors can expect their investments to grow in value over time, making ZIP 37616 a valuable addition to any Section 8-focused real estate portfolio.
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.