Location: Lincoln County, TN | Metro: Giles County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
ZIP code 38453 in Lincoln County, TN, presents a unique profile when compared against other ZIP codes within the same county. The Fair Market Rent (FMR) for 38453 is set at $1,100 for fiscal year 2026, which is a key figure for landlords and investors interested in Section 8 properties. While the market rent data is currently unavailable, the median home value stands at $345,121. This places it above average for the county, indicating that it is likely a premium sub-market within the Lincoln County metro.
The renter share of 24.1% is also noteworthy. In general, higher renter shares can indicate a greater potential demand for rental properties, including those participating in the Section 8 program. However, the lack of specific market rent data makes it challenging to fully assess how this compares to other ZIP codes in the area. Despite this, the combination of a defined FMR and a relatively high renter share suggests that 38453 could be particularly attractive for Section 8 landlords and investors looking for areas where rental demand is strong.
Given the available data, it's reasonable to infer that ZIP 38453 is positioned as a premium sub-market within the Lincoln County, TN, metro. The high median home value indicates a more affluent area, but the significant renter share points to a substantial demand for rentals. This juxtaposition does not necessarily signal a Section 8 sweet spot due to the higher home values, but it does suggest a potentially lucrative area for rental investment.
To provide a more comprehensive analysis, it would be beneficial to obtain additional metrics such as the average market rent for the ZIP code and surrounding areas. This would help in determining if there is a significant disparity between the FMR and market rents, which could further clarify the investment potential for Section 8-related properties.
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.