Location: Lincoln County, TN | Metro: Giles County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,470 |
| 4 Bedrooms | $1,640 |
| 5 Bedrooms | $1,902 |
| 6 Bedrooms | $2,130 |
| 7 Bedrooms | $2,300 |
| 8 Bedrooms | $2,415 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 38459, which stands at $950 for the metro area fiscal year 2026, sets the payment standard for Section 8 rentals. This means that if you decide to participate in the Housing Choice Voucher program, the maximum amount you will receive per month from the government is $950. It's important to note that this figure does not represent the rent your tenant will pay; it's the reimbursement cap set by the Department of Housing and Urban Development (HUD).
While the median rent for ZIP 38459 is not available, we can still assess the demand for rental properties in the area. The 13.4% renter share indicates that over one-tenth of the households in this ZIP code are renters, suggesting a steady demand for affordable housing. Given this percentage, it's reasonable to assume that there will be tenants interested in your property, especially if it meets the criteria for being classified as affordable under the Section 8 program.
To put the FMR into context, consider the average home value in the area, which is $321,370. This figure represents the typical cost to acquire a property, which could be a significant investment. However, the potential for long-term stable income through the Section 8 program can make this an attractive option for landlords and small-portfolio investors looking to enter the market.
If you're considering making your first Section 8 rental in ZIP 38459, one clear thing to verify is whether your property meets HUD's minimum property standards. These standards ensure that the property is safe, decent, and sanitary for tenants. Failure to meet these requirements can result in penalties or even removal from the program. Therefore, before you proceed, conduct a thorough inspection of your property to confirm compliance with these standards.
In summary, the $950 FMR for ZIP 38459 offers a clear payment standard for landlords participating in the Section 8 program. With a 13.4% renter share, there is a notable demand for affordable housing. A property costing around $321,370 can be a good investment, but ensure it meets HUD's minimum property standards before you finalize your decision.
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.