Location: Pickett County, TN | Metro: Overton County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,220 |
| 4 Bedrooms | $1,420 |
| 5 Bedrooms | $1,647 |
| 6 Bedrooms | $1,845 |
| 7 Bedrooms | $1,993 |
| 8 Bedrooms | $2,093 |
U.S. Census Bureau data (2024)
ZIP 38543, located in Pickett County, TN metro, can serve as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the spread between the Fair Market Rent (FMR) for a $950 metro unit in fiscal year 2026 and the current lack of available market rental data. The median home value in this area stands at $225,089, which is relatively stable and provides a solid foundation for consistent cash flow.
The absence of market-specific rental data suggests that the FMR, set by HUD, will be the primary benchmark for rental rates in this ZIP code. Landlords and small-portfolio investors should expect to receive rental payments through the Section 8 program that closely align with these guidelines. This predictability can be advantageous when planning budgets and financial forecasts, as it reduces uncertainty around rental income.
While there's no specific percentage for price-cut share or days on market (DOM), indicating limited data on property sales, the stability implied by the median home value supports the idea of this ZIP code as a cash-flow anchor. The high median home value also suggests that properties in this area are less likely to depreciate significantly over time, further reinforcing the reliability of rental income.
Additionally, ZIP 38543 has a 14.2% renter share, meaning that a considerable portion of the population is already accustomed to renting. This characteristic, combined with the median income of $87,917, indicates that tenants in this area are likely to have the financial means to maintain their rental obligations, thereby ensuring steady cash flow for investors.
In summary, ZIP 38543 is best suited as a cash-flow anchor due to the reliable rental income provided by the Section 8 program, the stable median home value, and the presence of financially capable renters. These factors contribute to making this ZIP code a secure choice for investors seeking consistent returns.
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.