Location: Johnson County, TN | Metro: Johnson County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
U.S. Census Bureau data (2024)
The potential risks for a Section 8 landlord in ZIP code 37691 are significant. Tenant turnover is a concern when comparing the market rent, which is currently unavailable, to the $950 Fair Market Rent (FMR) for the fiscal year 2026 in the metropolitan area. This disparity can lead to financial instability if landlords cannot consistently fill units at the FMR rate.
Vacancy exposure is another issue, as the days on market (DOM) data is also not available. Without this information, it's difficult to predict how long a unit might remain vacant, leading to potential revenue shortfalls. The typical home value in ZIP 37691 is $275,764, but the median household income stands at $13,976, which suggests that many residents may struggle to afford market rents without assistance. This can increase the likelihood of deferred maintenance due to financial constraints, posing additional risks to property upkeep and safety.
Despite these challenges, the high renter share of 48.1% in ZIP 37691 indicates a robust demand for rental properties, which typically translates into higher interest in Section 8 vouchers. This strong rental market can provide stability and reduce the risk of prolonged vacancies. However, landlords must be prepared to manage a tenant base that relies heavily on government subsidies, ensuring compliance with HUD regulations and maintaining quality standards.
Verdict: Moderate risk for a first-time Section 8 landlord.
Data Sources: FMR data from HUD (2027). 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.