Location: Claiborne County, TN | Metro: Claiborne County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
U.S. Census Bureau data (2024)
ZIP code 37730, located within Claiborne County, TN, stands out with its Federally Moderate Rent (FMR) set at $930 for fiscal year 2026. This figure represents the maximum amount that a household receiving federal rental assistance can pay toward their rent, based on the area's median income. Notably, the market rent and home value data for this ZIP code are currently unavailable. However, the 0.0% renter share indicates that very few residents in this area are renters, suggesting a predominantly owner-occupied community.
In comparison to typical ZIP codes within Claiborne County, TN, which generally have higher percentages of renter-occupied housing units, ZIP 37730 diverges significantly. The low renter share combined with the availability of FMR data but lack of market rent and home value specifics implies that this ZIP might be less attractive for Section 8 tenants and landlords alike. Typically, areas with a higher renter share, especially those relying on federal assistance, would also show lower home values, indicating a potential sweet spot for Section 8 properties. However, since the renter share is effectively zero, this ZIP code does not align with the usual characteristics of a Section 8-friendly neighborhood.
The absence of market rent and home value data could indicate several things. It may suggest that the housing market in ZIP 37730 is relatively inactive or that there isn't enough data to make reliable estimates. Alternatively, it could mean that the housing stock is primarily composed of owner-occupied homes rather than rentals, which are less likely to be listed in typical real estate databases.
Given the available information, ZIP 37730 appears to be neither a value pocket nor a premium sub-market within the Claiborne County, TN metro. Instead, it seems to represent a unique scenario where the housing market is dominated by homeownership, and the presence of federally-assisted rental units is minimal. For landlords and small-portfolio investors looking to enter the Section 8 market, this ZIP code may not present an optimal opportunity due to the low demand for rental units among Section 8 participants.
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.