Location: Greene County, TN | Metro: Greene 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 | $710 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,400 |
| 5 Bedrooms | $1,624 |
| 6 Bedrooms | $1,819 |
| 7 Bedrooms | $1,965 |
| 8 Bedrooms | $2,063 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,300 | $258,120 | 0.5% | F |
U.S. Census Bureau data (2024)
The analysis of ZIP code 37818 in Greene County, TN, reveals key insights for landlords and small-portfolio investors. First, let's address whether the rent math works. The Fair Market Rent (FMR) for the area, set at $960 for fiscal year 2026, is notably higher than the current market rent of $808 as reported by the Census ACS. This discrepancy suggests that landlords could potentially increase rents to align with FMR without significant risk, given the expected trend.
Moving on to acquisition affordability, the median home value in ZIP 37818 stands at $217,072. While specific data regarding the average days on market (DOM) and the percentage of homes requiring price cuts is not available, the median home value indicates a relatively affordable market for potential acquisitions. Landlords can expect to find properties within their budget, though they should be cautious about market fluctuations and negotiate effectively to ensure they do not overpay.
Tenant demand is another critical factor. With a total population of 5,774, and 18.2% of residents being renters, there is a steady pool of potential tenants. However, the relatively low renter share compared to other areas might suggest a competitive rental market where maintaining occupancy requires attention to property quality and location.
In summary, the rent math in ZIP 37818 supports increasing rents to meet FMR levels, making it financially viable for landlords. Acquisition remains affordable with a median home value under $217,072, but caution is advised due to limited data on DOM and price-cut percentages. Tenant demand is present but requires careful management to maintain occupancy rates. Overall, ZIP 37818 presents a balanced opportunity for real estate investment, with potential for profit but also challenges that must be managed effectively.
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.