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Dyer County/Finley/38030

38030

ZIPSAFMR
Dyer County, TN
Zillow

ZIP Investment Score

68Below average

095130300
BRFMR
Eff. Rent
0 BR$740$560
1 BR$780$560
2 BR$1,000$840
3 BR$1,310$1,260
4 BR$1,430$1,310
5 BR$1,644Not available
6 BR$1,891Not available
7 BR$2,175Not available
8 BR$2,501Not available

Purchase Price Calculator

Maximum purchase price
$62,907

Cost breakdown

+Likely effective rent$840
HUD FMR$1,000
Market rentUsed$840
Est. payment standard (90%)$900
-Principal and interest-$318
Loan amount$50,326
Down payment$12,581
Rate6.50%
Term30 years
-Operating costs-$322
Property taxes-$63
Insurance-$175
Utilities$0
HOA$0
Management-$84
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$13,840(110.0% ROI)
Projected value
$67,744
Return breakdown
Property appreciation+$4,837
Loan principal paid down+$1,803
Rental cash flow+$7,200
5-year hold
+$23,482(186.6% ROI)
Projected value
$71,174
Return breakdown
Property appreciation+$8,267
Loan principal paid down+$3,215
Rental cash flow+$12,000
10-year hold
+$49,281(391.7% ROI)
Projected value
$80,526
Return breakdown
Property appreciation+$17,619
Loan principal paid down+$7,662
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.32
1 BR
1.39
2 BR
1.19
3 BR
1.04
4 BR
1.09
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 38030 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 38030 (Finley, TN) is $1,000 a month. That is up 7.5% from $930 in FY 2026. Finley is in the Dyer County, TN non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $995. Among 12 ZIP codes in Dyer County, 38030 is tied for the 4th-highest two-bedroom rent (county range $1,000–$1,170). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 38030 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 38030
BedroomsFY 2027Change90–110% range
Studio$740+2.8%$666–$814
1BR$7800.0%$702–$858
2BR$1,000+7.5%$900–$1,100
3BR$1,310+7.4%$1,179–$1,441
4BR$1,430+17.2%$1,287–$1,573

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 38030
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$740$780$1,000$1,310$1,430
FY 2026$720$780$930$1,220$1,220
FY 2025$720$740$900$1,190$1,190
FY 2024area FMR$681$685$861$1,213$1,315
FY 2023area FMR$582$586$759$1,079$1,167

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Dyer County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 38030
38007$1,0000.0%
38024$1,0000.0%
38025$1,0000.0%
38030Current$1,000—
38034$1,0000.0%
38040$1,0000.0%
38047$1,0000.0%
38059$1,060+6.0%
38070$1,0000.0%
38080$1,010+1.0%
38240$1,170+17.0%
38259$1,0000.0%

Questions about ZIP 38030 rents

How much will Section 8 pay for a two-bedroom in ZIP 38030?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $995, which applies unless the housing authority uses Small Area FMRs, that basic range is $896 to $1,095 a month; under the ZIP-level Small Area FMR of $1,000 it would be $900 to $1,100. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 38030 in?

ZIP 38030 is in the Dyer County, TN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $995.

How much did fair market rent change in ZIP 38030 for FY 2027?

The two-bedroom FMR rose 7.5%, from $930 in FY 2026 to $1,000 in FY 2027. Since FY 2025 it has risen 11.1%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentFinley, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources