Location: Crockett County, TN | Metro: Crockett County, TN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
The analysis of ZIP code 38336 in Crockett County, Tennessee, reveals several key points regarding the viability of Section 8 real estate investments.
The Fair Market Rent (FMR) for ZIP 38336 as of fiscal year 2024 is set at $990. However, due to the lack of available data on the current market rent, it's impossible to definitively state whether the rent math works. Landlords should be cautious and consider local trends to ensure that the FMR aligns with what tenants can afford.
In terms of acquisition affordability, the data is incomplete. Without a median home value, days on market (DOM), and percentage of homes needing price cuts, landlords cannot make an informed decision about the cost-effectiveness of purchasing properties in this area. This missing information hinders the ability to assess whether the investment will yield positive returns.
Tenant demand is another critical factor. The population and the percentage of renters in ZIP 38336 are not specified, making it difficult to gauge the number of potential Section 8 tenants. A higher renter share typically indicates a stronger demand for rental housing, but without these figures, assessing demand remains speculative.
Verdict: Investing in ZIP 38336 based on the provided data presents significant challenges. The unclear relationship between the FMR and market rent, alongside the absence of crucial metrics such as median home values, DOM, and price-cut shares, complicates the assessment of acquisition costs and potential profitability. Furthermore, without knowing the population size and renter share, predicting tenant demand is uncertain. Landlords and investors must seek additional, up-to-date information before proceeding with any investment decisions in this area.
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.