Location: Maury County, TN | Metro: Hickman County, TN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,540 |
| 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 classification of ZIP code 38454 reveals a unique balance between yield and stability, making it an intriguing market for real-estate investors. The Fair Market Rent (FMR) for ZIP 38454 in fiscal year 2024 is set at $1,340, slightly below the market rent of $1,368. This suggests that while there is potential for rental income, it may not exceed the average market rate significantly. Given the median home value of $294,567, the yield ratio is moderate, indicating a middle-ground market where rental income can be competitive but not exceptionally high.
In terms of stability, the area has a relatively low percentage of renters at 16.4%, which implies a higher proportion of homeowners, potentially leading to less tenant turnover and more stable cash flows. However, the lack of data on the number of days on market (DOM) introduces some uncertainty regarding how quickly properties can be rented out. The median household income of $61,914 supports the idea of a stable rental market, as it indicates that residents have sufficient income to cover their housing costs, reducing the risk of default.
Based on these figures, ZIP 38454 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents a blend of both characteristics. The moderate yield, driven by the FMR and market rent figures, combined with the supportive stability metrics such as the median income, suggests a market that offers reasonable returns without the volatility associated with higher yields. Investors should consider this a balanced opportunity, suitable for those looking for a mix of income and security.
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.