Location: Greene County, TN | Metro: Cocke County, TN
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 | $700 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,290 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $196,920 | 0.51% | F |
| 3BR | $1,290 | $296,143 | 0.44% | F |
| 4BR | $1,380 | $374,408 | 0.37% | F |
| 5BR | $1,601 | $525,908 | 0.3% | F |
U.S. Census Bureau data (2024)
The ZIP code 37743, located in Greeneville, TN, is home to a population of 24,548 residents. With 23.3% of the population being renters, it indicates a moderate rental market presence. The median household income in this area stands at $54,566, which provides a baseline for understanding the financial capabilities of potential tenants.
The typical market rent for ZIP 37743 is $1,063 per month. This represents approximately 23.2% of the median household income when calculated annually. In comparison to the Fair Market Rent (FMR) figure of $930, also for fiscal year 2026, the actual market rent is higher by about 14.3%. This suggests that landlords might face competition from properties priced closer to the FMR, particularly those appealing to tenants relying on housing vouchers.
A landlord in Greeneville can anticipate a tenant pool that includes individuals and families who are likely to be sensitive to rent increases due to the significant portion of their income dedicated to housing costs. Given the higher-than-FMR market rents, tenants may seek out properties that offer value for money, such as those with lower maintenance fees or utilities included in the rent. Additionally, there will be a notable segment of tenants using Section 8 vouchers, driven by the disparity between market rents and FMR.
To attract and retain tenants effectively, landlords should consider offering competitive amenities and pricing structures. Properties that align closely with the FMR of $930 will likely appeal to voucher holders and others seeking affordable housing options. Landlords must also be prepared to navigate the administrative requirements associated with accepting Section 8 tenants, including background checks and income verification processes.
In summary, ZIP 37743 presents a scenario where landlords should focus on providing affordable and well-maintained units to cater to the local tenant demand. Expect a mix of tenants, with a considerable number leveraging housing vouchers to find suitable living arrangements.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.