Location: DeKalb County, TN | Metro: Smith County, TN HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,600 |
| 5 Bedrooms | $1,856 |
| 6 Bedrooms | $2,079 |
| 7 Bedrooms | $2,245 |
| 8 Bedrooms | $2,357 |
U.S. Census Bureau data (2024)
910 FMR (zip FY 2024) sets the baseline for rental pricing in ZIP 38569, providing a clear standard for landlords and investors. 433,347 median home value indicates a stable housing market, suggesting that property values are unlikely to fluctuate drastically. 14.9% renter share shows that while the rental market is not overwhelmingly large, it still presents opportunities for those looking to invest in rental properties. The lack of available data on market rent, median income, days on market (DOM), and the percentage of price-cut share suggests either limited data or a less volatile market where these metrics do not change frequently. This stability can be beneficial for long-term investments. Given the FMR and median home value, landlords can expect a consistent demand for rental units priced appropriately. However, without specific market rent data, setting competitive rates requires careful consideration of the 910 FMR. The Section 8 program, which uses FMRs, will provide a steady stream of tenants willing to pay up to 910 per month for eligible units. In conclusion, ZIP 38569 offers a reliable environment for real estate investment, particularly for Section 8 properties, given the stable median home value and the clear FMR guidelines.
910 FMR ensures that landlords adhering to Section 8 standards have a defined ceiling for rental income, making financial planning straightforward. 433,347 median home value implies that homes in this area are valued sufficiently high to justify investment, especially for those interested in long-term capital appreciation. 14.9% renter share means that nearly one in six households in ZIP 38569 relies on renting, a figure that should be considered when evaluating the potential size of the rental market. Although N/A market rent and median income make it challenging to gauge the local economic conditions precisely, the FMR provides a reliable benchmark for setting rental prices. The absence of data on DOM and price-cut share could indicate a robust rental market where properties are rented quickly and without significant negotiation, benefiting both landlords and investors. For landlords and small-portfolio investors, the combination of a stable median home value and a clearly defined FMR makes ZIP 38569 a favorable location for Section 8 properties.
910 FMR is the key figure for landlords participating in the Section 8 program, ensuring they receive a predictable and government-backed rental income. 433,347 median home value underscores the economic foundation of the area, offering reassurance about property values. 14.9% renter share highlights the ongoing need for rental housing, a trend that should continue to support demand for rental units. Despite the lack of detailed market-specific data, the FMR provides a solid basis for setting rental rates that align with government subsidies. This ZIP code's characteristics suggest a low-risk environment for real estate investment, particularly for those focused on Section 8 rentals. The verdict for Section 8 in ZIP 38569 is positive, offering a secure and stable investment opportunity.
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.