Location: Scott County, TN | Metro: Scott County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
The ZIP code 37732, located in a county where specific demographic data points such as resident count, percentage renting, median income, and median home value are currently unavailable, presents an intriguing case for Section 8 real-estate analysis. The lack of precise data for these metrics suggests that this area might be underrepresented in larger datasets, which could imply unique opportunities or challenges for landlords and small-portfolio investors.
Focusing on the voucher economics, the Fair Market Rent (FMR) for the metro area covering ZIP 37732 for fiscal year 2026 is set at $930. This figure is crucial for understanding the rental market dynamics within the ZIP code, especially since the exact market rent and its comparison to the FMR are not available. Landlords should use this FMR as a baseline for setting competitive yet sustainable rental prices, ensuring compliance with HUD guidelines while also attracting tenants who qualify for assistance.
Given the limited data points available for ZIP 37732, it's challenging to definitively categorize the economic situation as either stable or transitional. However, the absence of specific market rent data could indicate a less volatile market, suggesting stability. Conversely, the unavailability of certain key metrics might point towards a transitional phase, where changes in population, housing stock, or economic conditions are underway but have not been fully captured in the latest datasets.
To make informed decisions, landlords and investors should conduct additional research, possibly including local real estate trends, population growth forecasts, and community development initiatives. This approach will help them better understand the unique characteristics of ZIP 37732 and how they can leverage the $930 FMR effectively.
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.