Location: McNairy County, TN | Metro: Hardin 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 | $820 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,070 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,500 |
| 5 Bedrooms | $1,740 |
| 6 Bedrooms | $1,949 |
| 7 Bedrooms | $2,105 |
| 8 Bedrooms | $2,210 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,070 | $145,292 | 0.74% | D |
| 3BR | $1,440 | $227,237 | 0.63% | D |
| 4BR | $1,500 | $347,234 | 0.43% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 38310, which encompasses Adamsville, TN, stands at $50,232. At first glance, the market rate rent of $814 per month might seem affordable for the average household. However, when considering the financial strain on a family earning the median income, it becomes clear that rent constitutes a significant portion of their monthly budget.
Comparatively, the Fair Market Rent (FMR) set by HUD for the metro area in fiscal year 2026 is $960, which is higher than the current market rate. This discrepancy suggests that the actual cost of living could rise, putting even more pressure on renters' budgets.
With 18.9% of the 6,556 population being renters, there is a notable segment of the community looking for housing options. The affordability gap between the median income and both the market rate and the FMR indicates that many households may struggle to pay rent without assistance. This creates a competitive environment for landlords as they must balance rental rates with the need for tenants who can reliably pay.
Landlords should consider the implications of these figures on their rental strategies. While market-rate rents of $814 are currently feasible for some households, the rising FMR to $960 signals potential challenges ahead. Accepting Section 8 vouchers, which typically cover the higher FMR rate, could provide a steady stream of income and reduce vacancy risks. However, landlords must also weigh the administrative requirements and potential limitations associated with voucher programs.
The takeaway for landlords is that understanding the local economic landscape is crucial. In Adamsville, TN, where the median income is $50,232 and the market rate is $814, the choice between voucher and cash-pay strategies depends on balancing tenant reliability with administrative ease. Landlords who accept vouchers may find themselves better positioned to navigate the growing affordability gap, ensuring a stable income and minimizing the risk of vacancies.
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.