Location: Giles County, TN | Metro: Giles County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,580 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
10.3% of residents in ZIP code 38455 are renters, indicating a moderate demand for rental properties. This percentage aligns with the Fair Market Rent (FMR) set at $1,230 for the metro area in fiscal year 2026, which is the benchmark for rental pricing in subsidized housing programs. Landlords should note that the $158,125 median income figure suggests a community with a solid financial base, capable of supporting rental prices close to the FMR without relying heavily on subsidies.
N/A market rent and median home value data highlight a lack of comprehensive information for this ZIP code, which could be due to limited property listings or recent changes in the local real estate market. However, the absence of these figures does not necessarily imply low demand; rather, it underscores the need for landlords to closely monitor local rental trends and adjust their pricing strategies accordingly.
The N/A-day DOM (Days on Market) and N/A% price-cut share indicate that there is insufficient data to provide insights into how quickly properties are renting and whether price reductions are common. This lack of detail makes it challenging to predict the exact rental market dynamics but does not negate the potential for successful investments given the stable median income levels.
In conclusion, while specific market metrics are unavailable, the presence of a 10.3% renter share and a median income of $158,125 supports the viability of rental properties in ZIP code 38455. The FMR of $1,230 provides a clear guideline for pricing, ensuring that rental units remain attractive to potential tenants participating in the Section 8 program. For landlords and small-portfolio investors, this ZIP code offers a balanced opportunity, with the potential for steady cash flow and minimal risk of vacancy, contingent upon adhering to the established FMR.
Verdict: ZIP 38455 is a suitable market for Section 8 investments, given the established FMR and median income levels.
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.