Location: Overton County, TN | Metro: Fentress County, TN
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $780 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,210 |
| 4 Bedrooms | $1,410 |
| 5 Bedrooms | $1,636 |
| 6 Bedrooms | $1,832 |
| 7 Bedrooms | $1,979 |
| 8 Bedrooms | $2,078 |
U.S. Census Bureau data (2024)
0.0% of the housing units in ZIP 38589 are rented out, indicating a strong owner-occupied market. This aligns with the $249,462 median home value, suggesting that residents are likely buying rather than renting. Landlords and small-portfolio investors should note the $930 Fair Market Rent (FMR) for the metro area in fiscal year 2026, which is the maximum amount Section 8 can pay for rental assistance. However, the N/A market rent figure implies there might be limited recent rental data available, making it difficult to assess the true rental market dynamics. The median income of $58,750 provides insight into the economic profile of the area's residents, though it does not directly translate to the ability to afford higher rents without assistance. The N/A-day Days on Market (DOM) and N/A% price-cut share suggest that properties are not typically listed for rent or sold at discounted rates, pointing towards a stable and possibly robust real estate market.
The low renter share of 0.0% means that few properties are currently available for rent, which could present challenges for Section 8 tenants seeking housing. Given the high median home value and the lack of recent rental activity, it appears that the demand for rental properties is minimal compared to the demand for homes. For investors considering Section 8 participation, the $930 FMR represents the upper limit for rental income on assisted units, which may not be sufficient to cover costs in an area with such high property values.
In conclusion, the data paints a picture of a predominantly owner-occupied market with little to no rental activity. The Section 8 program's maximum payment of $930 does not align well with the high median home value, making it unattractive for landlords and small-portfolio investors looking to participate in this program in ZIP 38589.
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.