Section 8 Fair Market Rent (FMR) for ZIP 38070 - 2027

Location: Dyer County, TN | Metro: Dyer County, TN

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$710
1 Bedroom	$790
2 Bedrooms	$1,000
3 Bedrooms	$1,310
4 Bedrooms	$1,410
5 Bedrooms	$1,636
6 Bedrooms	$1,832
7 Bedrooms	$1,979
8 Bedrooms	$2,078

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

141

Median Household Income

$61,062

Housing Units

162

Renter Percentage

14.4%

Occupancy Rate

72.8%

Renter Occupied

The ZIP code 38070, located in Hardin County, Tennessee, is characterized by its rural setting and modest economic conditions. The area is predominantly residential, with a significant portion of the population renting their homes. This analysis provides insights into key metrics that are crucial for landlords and small-portfolio investors considering investments in this region.

The Fair Market Rent (FMR) for ZIP 38070 as of fiscal year 2026 is set at $930. This figure represents the maximum amount that a landlord can charge for a rental unit under the Section 8 program, ensuring affordability for low-income families.
While the market rent for the area is currently N/A, it's important to note that the absence of direct market rent data doesn't necessarily indicate low demand. The rural nature of the area might skew traditional rental market indicators.
The median home value in ZIP 38070 is N/A, which suggests limited data on home sales. This could be due to the area's focus on rentals rather than homeownership.
Renters make up 14.4% of the housing market in this ZIP code, indicating a smaller but steady rental demand.
The Days on Market (DOM) for properties in ZIP 38070 is N/A, suggesting that there may be a lack of recent property listings or sales activity, which could affect the liquidity of real estate investments.
The median household income in ZIP 38070 stands at $61,062, providing a baseline understanding of the financial capacity of potential tenants.

Synthesizing these points, investors should approach ZIP 38070 with a focus on affordability and stability. The Fair Market Rent of $930 aligns well with the median income, making the area suitable for Section 8 participants. Despite the lack of comprehensive market rent and median home value data, the presence of a dedicated rental market and the reliance on federal housing programs indicate a niche investment opportunity. However, the unclear Days on Market metric suggests caution regarding the ease of selling or turning over properties. Overall, the ZIP code presents a viable option for those interested in long-term, stable rental income opportunities, particularly within the bounds of government-assisted housing programs.

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.