Location: Warren County, TN | Metro: Warren County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,380 |
| 5 Bedrooms | $1,601 |
| 6 Bedrooms | $1,793 |
| 7 Bedrooms | $1,936 |
| 8 Bedrooms | $2,033 |
U.S. Census Bureau data (2024)
ZIP code 38550, located within the Warren County, TN metro, has a Federal Market Rent (FMR) of $960 for fiscal year 2026. This figure serves as a benchmark for housing affordability and rental assistance eligibility under the Section 8 program.
The absence of specific market rent and home value data for ZIP 38550 makes direct comparisons challenging. However, we can infer the relative position of 38550 within the broader Warren County, TN metro area based on the available information. The FMR of $960 suggests that the rental costs in 38550 are likely lower than the average market rents in other parts of the county. Typically, ZIP codes with an FMR below the overall metro average are considered value pockets, offering affordable options for renters.
A 0.0% renter share indicates that almost all residents in ZIP 38550 own their homes rather than renting. This is a significant divergence from what might be expected in a typical Section 8 sweet spot, where a higher percentage of renters would be supported by the program. Despite the low renter share, the FMR being set at $960 still represents a valuable price point for those eligible for rental assistance.
In the context of Warren County, TN, ZIP 38550 appears to be a value pocket, characterized by relatively low rental costs compared to the FMR set for the metro area. The lack of renters does not align with the usual profile of a Section 8-friendly neighborhood, which typically has a higher proportion of renters. Nonetheless, the low FMR could still make it attractive for landlords who wish to participate in the Section 8 program, given the financial support it provides.
To provide a more comprehensive analysis, additional data points such as the average market rent and home values for ZIP 38550 would be necessary. These figures would help determine if the ZIP code stands out as a particularly affordable option within the Warren County, TN metro, further solidifying its status as a value pocket for Section 8 participants.
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.