Section 8 Fair Market Rent (FMR) for ZIP 38902 - 2027

FY 2027 Fair Market Rent Rates

The Fair Market Rent (FMR) for ZIP code 38902 in fiscal year 2026 is set at $910. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, which means that if you participate in this program, your rental income will be capped at this amount per unit. It's important to note that this is not the rent you can charge tenants directly; it's the maximum reimbursement rate for voucher holders.

In ZIP 38902, the local median rent is listed as N/A, making direct comparisons challenging. However, the N/A% of the population who are renters suggests a significant demand for rental properties. If you decide to accept Section 8 vouchers, you can expect a portion of these renters to be interested in your property.

The acquisition cost for properties in this area is also noted as N/A, indicating that specific data on property values might not be readily available. Nonetheless, understanding the local real estate market and comparing the $910 FMR to typical rent prices in the area will give you a clearer picture of potential profitability.

Before you proceed with your decision, verify that the $910 FMR covers your expenses, including mortgage payments, maintenance, and utilities. This will ensure that participating in the Section 8 program is financially viable for you.

Data Sources: FMR data from HUD (2027).

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.