Location: McNairy County, TN | Metro: Hardin County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,740 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 38379, located in McNairy County, Tennessee, presents a unique investment opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,190. In contrast, the Census ACS data indicates that the current market rent stands at $905. This discrepancy means that voucher tenants in ZIP 38379 will cashflow at the FMR rate, providing a significant financial advantage to landlords.
To further analyze the investment potential, we can examine the rent-to-price ratio. With a median home value of $196,485, the ratio suggests that rental income could be quite competitive relative to property values. This implies that owning a rental property in this area could be more profitable than purchasing a home for personal use, given the disparity between market rents and property values.
While the median days on market (DOM) and the percentage of homes that have been price-cut are not available, these metrics would typically influence the decision-making process regarding the purchase of rental properties. However, the strong cashflow potential derived from the comparison between the HUD FMR and the actual market rent makes the availability of these figures less critical for understanding the immediate financial benefits.
The strongest angle for investors in ZIP 38379 is cashflow. Given the higher FMR compared to the current market rent, landlords can expect positive cashflow from Section 8 tenants, making it an attractive option for those seeking reliable income streams from their investments.
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.