Location: Hardeman County, TN | Metro: Hardeman 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 | $760 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,340 | $234,432 | 0.57% | F |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP code 38052 is poised for stability and potential growth over the next 12-24 months, anchored by a median home value of $180,640. The current situation, where the percentage of listings being reduced and the median days on market (DOM) are not available, suggests a balanced market. Landlords and small-portfolio investors can expect steady occupancy rates and rental income without significant volatility.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930, while the current market rent stands at $781, according to Census ACS data. This indicates that there is room for rental price increases to align with the FMR, suggesting a positive outlook for rental income. However, the gap also reflects the current affordability of the area, which could attract tenants sensitive to cost, maintaining demand despite rising rents.
The median home value of $180,640 provides a strong foundation for investment properties. Given the rental dynamics, long-term investors should anticipate a gradual increase in property values, driven by the alignment of market rents with the FMR. This setup supports an appreciation thesis based on rental parity and the intrinsic value of homes relative to their current prices.
Absent significant changes in the local economy or housing policy, the current data points to a stable and potentially appreciating market. Investors can leverage this environment by holding onto properties and gradually adjusting rents to capture the increasing FMR. The combination of a reasonable median home value and favorable rental dynamics positions ZIP 38052 as a solid choice for those looking to build a sustainable real estate portfolio.
Landlords and investors should remain vigilant to local economic indicators and housing trends, but the current signals suggest that maintaining quality properties and managing them effectively will lead to consistent returns. The market's inherent balance and the potential for rental growth provide a clear path for steady appreciation, making it a reliable investment for the medium to long term.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.