Section 8 Fair Market Rent (FMR) for ZIP 39901 - 2027

FY 2027 Fair Market Rent Rates

1860 is the Fair Market Rent (FMR) for ZIP code 39901 in fiscal year 2024, setting a benchmark for rental properties in this area. However, the absence of specific market rent data indicates a lack of detailed local rental pricing information, which can make it challenging to compare against other areas. The median home value is also not available, suggesting limited data on property values in this region. Without a precise figure for the renter share percentage, it's difficult to gauge the proportion of residents who are likely to be seeking rental accommodation. The median income data being unavailable means we cannot directly assess the financial capacity of potential tenants relative to the rental costs. With no Days on Market (DOM) data, we cannot evaluate how quickly properties are typically rented out. Similarly, the unavailability of the percentage of price-cut share makes it impossible to determine the frequency of price reductions among rentals. Given these limitations, landlords and small-portfolio investors should focus on the Section 8 program as a stable source of income, leveraging the $1860 FMR as a guideline for setting rents. This ensures compliance with HUD standards and provides a predictable cash flow. In conclusion, while comprehensive local market data is lacking, the Section 8 program remains a viable option for securing tenants in ZIP 39901.

Section 8 verdict: Viable with reliance on $1860 FMR for stable tenant acquisition.

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.