Location: Haywood County, TN | Metro: Haywood 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 | $770 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,540 |
| 5 Bedrooms | $1,786 |
| 6 Bedrooms | $2,000 |
| 7 Bedrooms | $2,160 |
| 8 Bedrooms | $2,268 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $116,573 | 0.87% | C |
| 3BR | $1,370 | $183,351 | 0.75% | D |
| 4BR | $1,540 | $283,019 | 0.54% | F |
U.S. Census Bureau data (2024)
The market in ZIP 38012, encompassing Brownsville, TN, reveals a dynamic equilibrium that leans toward demand slightly outpacing supply. This inference is drawn from the snapshot of key indicators: the Fair Market Rent (FMR) stands at $930 for the fiscal year 2026, while the actual market rent is reported at $759 according to Census ACS data. The relatively low 0.2% price-cut share suggests that landlords and property owners are not frequently lowering their rents to attract tenants, indicating a steady level of occupancy and interest from potential renters.
The median home value in the area is $163,739. Although the days on market (DOM) is listed as N/A, which could imply either a highly efficient sales process or a lack of recent transactions, the other metrics suggest a market where homes are likely selling quickly once they come onto the market. This quick turnover, combined with the low price-cut share, points to a scenario where demand is robust enough to support the current supply without significant downward pressure on prices.
A noteworthy statistic is the 44.1% renter share, which is higher than the national average. This high percentage of renters can be indicative of long-term housing pressures. It suggests that a significant portion of the population may find homeownership challenging due to financial constraints or other barriers. As a result, there is a sustained need for rental properties, which can benefit landlords and small-portfolio investors looking to capitalize on this demand.
In conclusion, the market in ZIP 38012 presents an environment where demand appears to be keeping pace with, if not slightly exceeding, supply. The relatively low price-cut share and high renter share indicate a stable rental market with ongoing pressure for affordable housing options. Landlords and investors should focus on maintaining competitive rental rates and ensuring their properties meet the needs of the local tenant base to remain successful in this market.
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.