Location: Weakley County, TN | Metro: Weakley County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
The classification of ZIP code 38226 hinges significantly on the available data points, which reveal a unique blend of characteristics. With a Fair Market Rent (FMR) of $940 for the fiscal year 2026, compared to a median home value of $208,819, it's evident that the rental market is significantly undervalued relative to the property values, suggesting a potentially high-yield environment.
However, the lack of specific data regarding market rent and days on market (DOM) for rentals introduces uncertainty into the stability assessment. The 0.0% figure for renters implies an overwhelmingly owner-occupied community, which can be interpreted as a low demand for rental properties. This factor alone suggests a lower stability in terms of consistent cash flow, as the rental market is thin and possibly volatile due to the limited number of transactions.
The absence of income data further complicates the stability analysis. Typically, higher median incomes correlate with greater financial stability among tenants, reducing the risk of non-payment and increasing the likelihood of timely rent collection. Without this information, it's challenging to gauge the tenant base's ability to sustain rental payments consistently.
Given these considerations, ZIP 38226 leans towards being a high-yield/low-stability market. The discrepancy between the FMR and the median home value indicates potential for significant returns if the rental market can be tapped effectively. However, the low percentage of renters and the unknowns surrounding market rent and tenant income suggest that achieving steady cash flow might be difficult without substantial effort in finding and vetting tenants.
To summarize, landlords and small-portfolio investors looking at ZIP 38226 should expect:
This environment may suit investors willing to manage their properties closely and take on some risk for the potential of high returns.
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.