Location: Greene County, TN | Metro: Greene County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $700 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,270 |
| 4 Bedrooms | $1,370 |
| 5 Bedrooms | $1,589 |
| 6 Bedrooms | $1,780 |
| 7 Bedrooms | $1,922 |
| 8 Bedrooms | $2,018 |
The neighborhood in Greeneville, Tennessee, covered by ZIP code 37744, lacks detailed demographic data currently available online. This absence makes it challenging to build a precise economic profile based on population size, the proportion of renters, median income levels, and median home values.
However, focusing on the Federal Market Rent (FMR), which is set at $930 for the fiscal year 2026, we can infer some aspects of the rental market. The FMR serves as a benchmark for determining the maximum payment standard for housing assistance under the Section 8 program. Given that the specific market rent for ZIP 37744 is not provided, we cannot directly compare it to the FMR. Yet, it's important to note that the FMR is typically lower than the actual market rents in most areas, indicating that properties renting above the FMR might be more attractive for voucher holders seeking better living conditions.
For landlords and small-portfolio investors considering ZIP 37744, the decision between being a hands-off voucher operator or a hands-on value-add buyer depends on several factors. If the goal is minimal management and consistent cash flow, relying on the Section 8 program could be beneficial. The $930 FMR ensures a steady stream of tenants who can afford their rent through government subsidies, reducing vacancy risks and delinquency.
On the other hand, if the objective is to increase property value and rental income over time, a hands-on approach may be more suitable. This strategy involves improving property quality to attract higher-paying tenants or those not reliant on vouchers. In such cases, the landlord would need to balance the cost of improvements against the potential for increased rental income and tenant satisfaction.
In conclusion, while specific local data for ZIP 37744 is unavailable, the FMR provides a baseline for understanding the rental dynamics. Investors should consider the broader economic environment and their personal investment goals when deciding whether to adopt a hands-off or hands-on strategy in Greeneville, Tennessee.
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.