Section 8 Fair Market Rent (FMR) for ZIP 37930 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 37930, located in Tennessee, offers a unique opportunity for real estate investors interested in the Section 8 housing market. The area is characterized by its affordable Fair Market Rent (FMR) rates and a stable demand for rental properties, making it a viable option for those looking to invest in government-assisted housing programs.

• The Fair Market Rent (FMR) for ZIP 37930 in fiscal year 2024 is set at $1280 for a two-bedroom apartment, providing a clear benchmark for rental pricing.
• Market rent data is currently unavailable for this area, indicating that the local rental market might be less active or less tracked compared to larger metropolitan areas.
• The median home value in ZIP 37930 is also not available, suggesting that the focus on rental properties rather than homeownership could be significant.
• Renter share data is unavailable, but given the lack of median home value information, it suggests a potentially high proportion of renters in the area.
• The Days on Market (DOM) data is not available, which could mean that rental listings move quickly once they are posted, or the data collection process is not robust in this region.
• The median household income is not available, which means there is limited information on the economic status of the residents and their ability to pay market rents.

Despite the gaps in available data, the low FMR rate of $1280 for a two-bedroom apartment indicates that the area is well-suited for landlords and small-portfolio investors who are willing to participate in the Section 8 program. The unavailability of certain metrics such as market rent and median home value highlights a need for further research and due diligence before investing. However, the potential for steady, government-backed rental income makes ZIP 37930 a promising investment location for those focused on the subsidized housing sector.

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.