Location: Gibson County, TN | Metro: Gibson County, TN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $690 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,570 |
| 5 Bedrooms | $1,821 |
| 6 Bedrooms | $2,040 |
| 7 Bedrooms | $2,203 |
| 8 Bedrooms | $2,313 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 38330 in Gibson County, Tennessee, reveals a favorable environment for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area is set at $860 for the fiscal year 2024, which is higher than the Census ACS-reported market rent of $784. This indicates that voucher tenants will generally cashflow at the FMR rate, providing a buffer against potential rent shortfalls.
To further understand the investment potential, consider the median home value in ZIP 38330, which stands at $147,094. Using this figure, we can derive a rent-to-price ratio. At $860 per month, the annual rent would be $10,320, leading to a rent-to-price ratio of approximately 7.01%. This suggests that rental income represents a significant portion of the property's value, making it an attractive option for investors seeking steady cash flow.
While the data does not provide the median days on market (DOM) or the percentage of price-cut shares, these metrics are typically indicative of the local real estate market's health and can impact the rent-versus-buy dynamics. However, given the current HUD FMR and market rent figures, the primary focus should be on the positive cash flow potential offered by Section 8 tenants in this area.
The strongest investor angle in ZIP 38330 is undoubtedly the cash flow generated by the disparity between the HUD FMR and the actual market rent. Landlords can expect to see consistent positive cash flow from their Section 8 properties, making this a solid investment choice for those prioritizing financial stability and regular 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.