Location: Kingsport-Bristol, TN | Metro: Kingsport-Bristol, TN-VA MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,480 |
| 5 Bedrooms | $1,717 |
| 6 Bedrooms | $1,923 |
| 7 Bedrooms | $2,077 |
| 8 Bedrooms | $2,181 |
To integrate ZIP 37669 into a Section 8 portfolio strategy, it's essential to understand its role within the broader context of the Kingsport-Bristol, TN-VA MSA metro area. Given the data, ZIP 37669 can be best described as a cash-flow anchor. This classification is based on the Fiscal Year 2024 Fair Market Rent (FMR) for the ZIP code, which is set at $910. Although the exact market rental rates and median home values are not provided, the FMR serves as a reliable benchmark for cash flow expectations.
The primary advantage of anchoring cash flow in ZIP 37669 is the predictability and stability that comes with Section 8 contracts. Landlords can expect a consistent income stream, backed by federal subsidies, ensuring that tenants meet their monthly rent obligations. With an FMR of $910, properties in this ZIP code are positioned to offer steady, if modest, returns. This makes ZIP 37669 particularly attractive for small-portfolio investors looking to balance risk and reward.
While appreciation metrics such as price-cut share and days on market (DOM) are not available, the lack of these figures does not detract from the ZIP code's utility as a cash-flow anchor. In many cases, areas with less volatile real estate markets provide more stable long-term investment opportunities. The focus should remain on the guaranteed rental income, which is a cornerstone of any Section 8 investment strategy.
Additionally, the absence of specific data regarding the median income and renter share suggests a need for further local market research. However, the known FMR allows for a clear assessment of potential rental income. For landlords, this means that while there might be limited upside in terms of property appreciation, the downside risk is also minimized due to the government-backed nature of Section 8 tenancy.
In summary, ZIP 37669 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. Its FMR of $910 ensures a predictable income source, making it a valuable component for investors seeking stability over rapid appreciation or high-risk diversification plays.
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.