Location: Scott County, TN | Metro: Scott County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
18.5% of residents in ZIP code 37892 are renters, indicating a moderate demand for rental properties. The $930 Fair Market Rent (FMR) for the metro area in fiscal year 2026 shows a benchmark for rental pricing set by HUD. However, the actual market rent stands at $688 according to the Census ACS, suggesting a potential gap between government-set rates and the local market. Landlords can leverage this difference to attract tenants through Section 8 vouchers, which often cover the higher FMR. The median home value of $179,650 reflects a stable housing market, beneficial for long-term investments. Median income at $42,734 provides insight into the financial capacity of the local population, supporting the viability of rental assistance programs. While the average days on market (DOM) and percentage of price-cut shares are not available, the data points towards a balanced rental environment where Section 8 participation could be advantageous. Given the lower market rent compared to the FMR, landlords can expect steady occupancy rates and reliable income streams through the program. Additionally, the median income figure supports the likelihood of a stable tenant pool who qualify for rental assistance. In conclusion, Section 8 remains a viable option for landlords in ZIP 37892, offering a consistent source of rental income.
Section 8 Verdict: Acceptable for landlords seeking stable rental income in ZIP 37892.
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.