Location: Overton County, TN | Metro: Overton County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,230 |
| 4 Bedrooms | $1,430 |
| 5 Bedrooms | $1,659 |
| 6 Bedrooms | $1,858 |
| 7 Bedrooms | $2,007 |
| 8 Bedrooms | $2,107 |
The real estate market in ZIP code 38542 presents a nuanced landscape that both landlords and small-portfolio investors should consider carefully. The median home value is currently unavailable, which suggests limited recent sales data and potentially indicates a stable market without significant fluctuations. This stability can be further inferred from the percentage of listings that have been reduced, also currently unavailable, which typically signals seller urgency. However, the median days on market (DOM) is N/A, indicating homes may not be selling quickly, a trend that could imply buyers are taking a cautious approach or that there's a mismatch between asking prices and perceived market values.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $930. This figure provides a benchmark against which landlords can measure their rental rates. If the current market rent in ZIP 38542 is N/A, it suggests either that the market rent aligns closely with the FMR or that there's insufficient data to provide an accurate comparison. Landlords should monitor local rental trends to ensure their properties remain competitive.
For long-term investors, the appreciation thesis in ZIP 38542 is challenging to define without concrete data on past and present property values. However, given the current indicators—median home value being stable, potential reductions in listing prices, and a moderate DOM—it appears that the market is likely to remain steady rather than experiencing rapid appreciation or depreciation. This stability can offer a reliable investment environment for those looking to hold properties over the next 12-24 months, although the exact rate of appreciation remains unclear without additional historical data.
In summary, the setup in ZIP 38542 implies a market where pricing power is balanced between buyers and sellers, with landlords having the opportunity to maintain or slightly adjust rents based on the FMR. Long-term investors can expect a stable asset value, though the specifics of future appreciation will depend on broader economic conditions and local demand dynamics.
Data Sources: FMR data from HUD (2027).
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.