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 ZIP code 38382, located in Gibson County, TN, serves as an ideal cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for the area is set at $860 for fiscal year 2024, which is significantly higher than the market rent of $800. This $60 spread ensures that properties in this ZIP code will generate steady positive cash flow when rented under the Section 8 program.
Additionally, the median home value in ZIP 38382 stands at $163,314, providing a solid foundation for investment properties. This figure indicates that the housing market is stable and affordable, making it attractive for both first-time homeowners and renters.
While the ZIP code offers opportunities for appreciation, with a 0.3% price-cut share, the low Days on Market (DOM) figure suggests limited potential for rapid price increases. Instead, the focus should be on the reliable cash flow that can be achieved through the Section 8 program.
The renter share in ZIP 38382 is 34.1%, indicating a substantial portion of the population relies on rental properties. With a median income of $63,894, many residents are likely to qualify for the Section 8 program, ensuring a consistent demand for subsidized rentals.
In summary, ZIP 38382 is best suited as a cash-flow anchor due to the favorable spread between the FMR and market rent, coupled with a stable housing market and a significant renter population. This makes it a secure choice for landlords and small-portfolio investors looking to stabilize their income streams.
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.