Location: Cumberland County, TN | Metro: Cumberland County, TN
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $770 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,390 |
| 5 Bedrooms | $1,612 |
| 6 Bedrooms | $1,805 |
| 7 Bedrooms | $1,949 |
| 8 Bedrooms | $2,046 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $263,580 | 0.38% | F |
| 3BR | $1,370 | $308,482 | 0.44% | F |
| 4BR | $1,390 | $442,078 | 0.31% | F |
U.S. Census Bureau data (2024)
The market in ZIP 38555, encompassing Crossville, TN, reveals a dynamic equilibrium between supply and demand. The Fair Market Rent (FMR) stands at $930 for the fiscal year 2026, indicating the rental value benchmark set by HUD. Meanwhile, the actual market rent, as per the Census American Community Survey (ACS), is noted at $804. This suggests that while there is a slight upward pressure on rents, the market remains relatively stable.
A key indicator of market health is the price-cut share, which is currently at 0.2%. This low figure implies that very few properties are being discounted, a sign that the market is not oversaturated with listings. Additionally, the Days on Market (DOM) average of 61 days shows that homes are selling within a reasonable timeframe, suggesting a balance where neither buyers nor sellers dominate the market.
The median home value in Crossville, TN, is $286,767, reflecting the overall cost of homeownership in the area. With a renter share of 34.2%, it's evident that a significant portion of the population prefers renting over buying. This high percentage of renters can translate into sustained long-term housing pressure, as it indicates a continuous demand for rental properties.
The interplay between these factors—rental values, price-cut shares, DOM, and median home values—suggests that Crossville, TN, is experiencing a market where demand meets supply reasonably well. However, the substantial renter share points to a scenario where rental properties could continue to be in high demand, making it a potentially attractive market for landlords and small-portfolio investors looking to capitalize on steady rental income.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.