Location: Crockett County, TN | Metro: Crockett County, TN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
ZIP code 38021, located within the Crockett County, TN HUD Metro FMR Area, has a Fair Market Rent (FMR) of $870 for FY 2024. This figure is lower than the typical FMRs seen across other ZIP codes in Crockett County, which range from $720 to $810 for 0 BR units, $760 to $890 for 1 BR units, and higher for larger units. The lack of specific market rent and home value data for ZIP 38021 suggests that it may be a less active real estate market compared to other areas.
The investment score for ZIP 38021 is ranked below the median for Crockett County, TN, indicating that it is not among the most attractive areas for Section 8 investments. However, the lower FMR could make it a value pocket for landlords and small-portfolio investors looking for properties with potentially lower acquisition costs and competitive rental rates.
Without specific data on the renter share, it is difficult to determine if there is a high concentration of renters in ZIP 38021. However, the absence of market rent and home value data alongside a lower FMR could suggest that this area is less expensive and may have a higher proportion of affordable housing options. This combination could indicate a potential Section 8 sweet spot, where the lower FMR aligns well with the needs of low-income tenants.
To make informed decisions, landlords and investors should confirm local program rules, as housing authorities can set payment standards above or below HUD's published FMR. Despite the limited data, the lower FMR of ZIP 38021 makes it a noteworthy consideration for those seeking affordable investment opportunities within the Crockett County, TN HUD Metro FMR Area.
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.