Location: Obion County, TN | Metro: Obion County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,260 |
| 4 Bedrooms | $1,310 |
| 5 Bedrooms | $1,520 |
| 6 Bedrooms | $1,702 |
| 7 Bedrooms | $1,838 |
| 8 Bedrooms | $1,930 |
ZIP 38281, located in Obion County, Tennessee, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the Obion County TN metro area in fiscal year 2026 is set at $930. While specific market rent and median home value data for ZIP 38281 were not available, the presence of several properties listed on Zillow suggests a potential for rental income that aligns closely with the FMR.
The property at $169,000 with 3 bedrooms and 2 bathrooms is a prime example. This price point, combined with the ability to charge close to the FMR, ensures a steady and reliable cash flow. Landlords and small-portfolio investors can leverage this area's relatively stable housing market to maintain consistent returns without the volatility associated with rapidly appreciating or declining markets.
Additionally, the recent price cuts observed on some listings indicate that there might be opportunities to acquire properties at a discount, further enhancing the potential for positive cash flow. For instance, the property at $249,900 was recently reduced by $6,000. Such adjustments provide a buffer against any unforeseen maintenance costs or vacancies, making ZIP 38281 a solid choice for anchoring a Section 8 portfolio.
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.