Location: McNairy County, TN | Metro: McNairy County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,440 |
| 5 Bedrooms | $1,670 |
| 6 Bedrooms | $1,870 |
| 7 Bedrooms | $2,020 |
| 8 Bedrooms | $2,121 |
U.S. Census Bureau data (2024)
The ZIP code 38339 is not predominantly a renter-heavy area. With only 13.9% of its population renting, it leans more towards a homeowner-dominated region. The scarcity of rental properties relative to homeownership suggests that the demand for Section 8 vouchers may be limited.
The median household income in this area stands at $68,646, which provides a baseline for understanding the economic context of potential tenants. The average market rent of $882 represents approximately 15.7% of the median income when considering a monthly basis. This percentage indicates that rent constitutes a significant portion of the income but remains manageable for many households.
Comparing the market rent to the Fair Market Rent (FMR) of $930, as set for fiscal year 2026, we see that the actual rents are slightly below the FMR. This means that landlords can potentially offer competitive rents while still staying within the bounds of what is considered fair by federal standards.
In terms of the tenant profile, landlords in ZIP 38339 should anticipate tenants who are likely to have a mix of financial stability and needs. While some may rely on Section 8 vouchers due to lower income levels, others might be able to afford market rates without assistance. The relatively low percentage of renters implies that those seeking housing through Section 8 may face competition for available units, leading to a pool of tenants who are often responsible and committed to finding stable housing solutions.
To summarize, landlords in 38339 should prepare for a tenant base that includes both voucher recipients and those paying market rates. Given the economic conditions, tenants will generally be able to meet their obligations, with the majority of the population owning homes rather than renting. The balance between market rent and median income makes it feasible for tenants to manage their housing costs, albeit with a notable share of their income dedicated to rent.
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.