Location: Campbell County, TN | Metro: Campbell County, TN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,450 |
| 5 Bedrooms | $1,682 |
| 6 Bedrooms | $1,884 |
| 7 Bedrooms | $2,035 |
| 8 Bedrooms | $2,137 |
U.S. Census Bureau data (2024)
ZIP 37819, located in Campbell County, TN, serves as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area in fiscal year 2024 is set at $860. This figure is significantly higher than the market rent of $452, providing a substantial cushion that ensures steady and reliable cash flow for landlords. Additionally, the median home value in the area stands at $152,452, which further underscores the potential for stable rental income.
The spread between the FMR and market rent highlights the financial advantage of participating in the Section 8 program in this ZIP code. Landlords can expect to receive a fixed rental amount that exceeds the local market rate, thereby reducing the risk of vacancies and ensuring consistent revenue. This makes ZIP 37819 particularly attractive for small-portfolio investors looking to secure a dependable source of income without the volatility associated with fluctuating market rents.
While the ZIP does not offer an immediate appreciation play due to the lack of significant price-cut share or days on market (DOM) data, it still provides a valuable diversification opportunity. With a renter share of 13.7%, there is a notable portion of the population that relies on rental housing, indicating a steady demand for rental properties. Although the median income data is not available, the high FMR relative to the market rent suggests that there is sufficient support from the government to cover the costs of maintaining properties at a higher rental standard.
In conclusion, ZIP 37819 is best suited as a cash-flow anchor in a Section 8 portfolio strategy. The guaranteed higher rental payments compared to the local market provide a stable and predictable income stream, which is crucial for landlords and small-portfolio investors aiming to mitigate risks and ensure financial security.
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.