Location: Greene County, TN | Metro: Kingsport-Bristol, TN-VA MSA
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 | $690 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,340 |
| 5 Bedrooms | $1,554 |
| 6 Bedrooms | $1,740 |
| 7 Bedrooms | $1,879 |
| 8 Bedrooms | $1,973 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $191,542 | 0.52% | F |
| 3BR | $1,250 | $267,886 | 0.47% | F |
| 4BR | $1,340 | $332,558 | 0.4% | F |
U.S. Census Bureau data (2024)
910 is the Fair Market Rent (FMR) for ZIP code 37857, Rogersville, TN, for fiscal year 2024. 652 represents the average market rent based on Census ACS data, indicating a significant gap between the FMR and the actual market rates. 231,741 is the median home value in the area, which is a key figure for assessing property investment potential. 20.1% is the percentage of residents who are renters, showing a moderate demand for rental properties. 54,536 is the median income in the region, a critical metric for understanding the financial capacity of potential tenants. The data does not provide a specific number for days on market (DOM), suggesting either limited data availability or a stable rental market. 0.2% is the share of properties that have had their prices cut, reflecting a strong and resilient market where few landlords need to reduce rents to attract tenants.
In Rogersville, TN, the disparity between the FMR and the market rent suggests opportunities for landlords to receive higher subsidies through the Section 8 program. The median home value of 231,741 provides a benchmark for property values, while the 20.1% renter share indicates a steady but not overwhelming demand for rentals. With a median income of 54,536, tenants are likely to have sufficient funds to cover their rent, reducing the risk of default. The absence of days on market data and the low price-cut share of 0.2% point towards a robust rental market with little competition and quick occupancy rates.
The analysis reveals a favorable environment for landlords participating in the Section 8 program, with potential for higher subsidies and minimal competition. However, it is important to consider the local rental dynamics and the specific requirements of the Section 8 program when making investment decisions. Given the data, landlords can expect a reasonable return on investment with minimal risk of vacancy or non-payment. Rogersville, TN, is a good candidate for Section 8 investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.