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DeKalb County/Silver Point/38582

38582

ZIPSAFMR
DeKalb County, TN
Zillow

ZIP Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$720$720
1 BR$800$800
2 BR$1,000$1,000
3 BR$1,350$1,350
4 BR$1,430$1,430
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
$86,683

Cost breakdown

+Likely effective rent$1,000
HUD FMRUsed$1,000
Market rentN/A
Est. payment standardN/A
-Principal and interest-$438
Loan amount$69,346
Down payment$17,337
Rate6.50%
Term30 years
-Operating costs-$362
Property taxes-$87
Insurance-$175
Utilities$0
HOA$0
Management-$100
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$16,350(94.3% ROI)
Projected value
$93,348
Return breakdown
Property appreciation+$6,665
Loan principal paid down+$2,485
Rental cash flow+$7,200
5-year hold
+$27,821(160.5% ROI)
Projected value
$98,074
Return breakdown
Property appreciation+$11,391
Loan principal paid down+$4,431
Rental cash flow+$12,000
10-year hold
+$58,836(339.4% ROI)
Projected value
$110,962
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$10,557
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 38582 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 38582 (Silver Point, TN) is $1,000 a month. That is up 7.5% from $930 in FY 2026. Silver Point is in the DeKalb 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 $1,016. Among 12 ZIP codes in DeKalb County, 38582 has the 12th-highest two-bedroom rent (county range $1,000–$1,270). The median county two-bedroom FMR in Tennessee is $1,048, so ZIP 38582 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 38582
BedroomsFY 2027Change90–110% range
Studio$720+2.9%$648–$792
1BR$800+8.1%$720–$880
2BR$1,000+7.5%$900–$1,100
3BR$1,350+6.3%$1,215–$1,485
4BR$1,430−2.1%$1,287–$1,573

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 38582
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$720$800$1,000$1,350$1,430
FY 2026$700$740$930$1,270$1,460
FY 2025$720$740$950$1,240$1,520
FY 2024area FMR$671$676$888$1,074$1,507
FY 2023area FMR$565$569$749$968$1,078

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

Two-bedroom rent in nearby DeKalb County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 38582
37012$1,190+19.0%
37059$1,270+27.0%
37095$1,190+19.0%
37166$1,190+19.0%
37184$1,190+19.0%
38544$1,100+10.0%
38548$1,030+3.0%
38567$1,020+2.0%
38569$1,020+2.0%
38581$1,140+14.0%
38582Current$1,000—
38583$1,040+4.0%

Questions about ZIP 38582 rents

How much will Section 8 pay for a two-bedroom in ZIP 38582?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,016, which applies unless the housing authority uses Small Area FMRs, that basic range is $914 to $1,118 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 38582 in?

ZIP 38582 is in the DeKalb County, TN non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,016.

How much did fair market rent change in ZIP 38582 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 5.3%.

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 rentSilver Point, TN fair market rentTN statewide rentsWhat is SAFMR?Data sources