Location: Campbell County, TN | Metro: Campbell County, TN HUD Metro FMR Area
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 | $870 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,490 | $329,674 | 0.45% | F |
U.S. Census Bureau data (2024)
ZIP 37714, located in Campbell County, TN, is an ideal cash-flow anchor for a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $940, which is only $20 less than the market rent of $960. This narrow spread means that landlords can expect steady rental income without significant fluctuations, making it a reliable source for maintaining consistent cash flow.
The median home value in ZIP 37714 stands at $247,674. While this figure is relatively low compared to other areas, it aligns well with the lower FMR, indicating that the housing market is stable and predictable. Landlords can confidently set rents close to the FMR without fear of losing tenants due to unaffordable rates.
A cash-flow anchor is essential for any investment portfolio because it provides a solid foundation of predictable income. ZIP 37714 offers this stability, as evidenced by the minimal difference between the FMR and market rent. This makes it particularly suitable for small-portfolio investors who seek low-risk, steady returns on their investments.
Although ZIP 37714 has a 0.2% price-cut share and an N/A-day days on market (DOM), these metrics do not significantly impact its role as a cash-flow anchor. The primary focus for a Section 8 property should be on ensuring a consistent stream of rental income, which this ZIP code supports well.
The 19.0% renter share and median income of $56,172 further reinforce the suitability of ZIP 37714 as a cash-flow anchor. These figures suggest a moderate level of demand for rental properties and a reasonable income base for potential tenants. However, they do not provide enough evidence to classify this area as an appreciation play or a diversifier.
In conclusion, ZIP 37714 serves best as a cash-flow anchor within a Section 8 portfolio strategy. Its stable rental market and predictable income make it a valuable addition for landlords and small-portfolio investors seeking reliable returns.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.