Location: Fentress County, TN | Metro: Morgan County, TN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
ZIP code 37726, located within the Fentress County, TN metro area, presents a unique profile when compared against typical ZIP codes in the county. The Fair Market Rent (FMR) for 37726 stands at $860 for fiscal year 2024, which is notably higher than the average market rent of $628. This indicates that federally subsidized rents are above what the market typically offers, suggesting a potential subsidy advantage for landlords participating in Section 8 programs.
The median home value in ZIP 37726 is $215,064, which is indicative of the overall housing market conditions in the area. However, the renter share of 14.4% is a key metric that can influence investment decisions. A higher renter share often correlates with a greater demand for rental properties, which can be beneficial for landlords and investors looking to capitalize on this trend.
To determine if ZIP 37726 is a value pocket, mid-tier neighborhood, or a premium sub-market within the Fentress County, TN metro, we must consider the interplay between its FMR, market rent, home values, and renter share. With an FMR of $860 being significantly higher than the market rent of $628, it suggests that this ZIP code might be considered a value pocket for Section 8 participants. Landlords can benefit from the higher subsidy rates while potentially facing lower property values compared to other areas in the county.
The divergence between the higher FMR and lower market rent, combined with a moderate renter share, implies that ZIP 37726 could be an attractive location for landlords and small-portfolio investors interested in Section 8 properties. This ZIP code represents a niche where federal subsidies provide a financial cushion, making up for potentially lower property values and market rents.
In conclusion, ZIP 37726 appears to be a value pocket within the Fentress County, TN metro, offering landlords and investors a favorable balance of higher subsidies and a reasonable renter share, despite its below-average home values and market rents. This positioning makes it a strategic choice for those looking to leverage Section 8 opportunities.
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.