Housing market/Tennessee/ZIP 38240
ZIP 38240 Obion County, Tennessee
Obion County, TN · Tennessee. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 38240 · TN — sent to you.
ZIP 38240 · TN
ACS rent vs 2BR SAFMR
ZIP 38240 — Obion, TN HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 38240
- 1-unit detached77779.9%
- 1-unit attached161.6%
- 2–4 units697.1%
- 5–49 units151.5%
- Mobile959.8%
2–4 unit share 7.1% · 5–49 unit share 1.5% · combined 2–49 8.6%.
Units by bedrooms
Rent burden
- ACS median gross rent $929 (all bedrooms, occupied rentals).
- Median contract rent $488.
- Renters paying ≥30% of income 34.3%; ≥50% 15.8%.
- FY2027 2BR SAFMR $1,170 (1.259× ACS median gross rent).
Population
1,760 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -28.9%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: not published for this ZIP.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 38240 34.8% of occupied households are renters; vacancy is 13.6%; ACS median gross rent is $929; population changed -28.9% between the 2018 and 2023 ACS vintages; the housing stock includes 69 units in 2–4-unit structures and 15 units in 5–49-unit structures; FY2027 2BR SAFMR is $1,170 versus ACS median gross rent of $929. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Tennessee research
ZIP 38240 is a Census / HUD profile for Obion County, TN. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 38240 — Obion, TN HUD Section 8 Payment Standards / SAFMR·Tennessee ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Tennessee research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 38240?
ZIP 38240 (Obion County, TN) has 1,760 residents, 840 households, a renter share of 34.8%, median household income of $58,468, and ACS 2023 median gross rent of $929. Vacancy is 13.6%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 38240?
ACS counts 33 units in 2-unit buildings, 36 in 3–4 unit buildings, 0 in 5–9, 15 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 84 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 38240?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,170. See the full schedule and 90–110% payment-standard band on the ZIP 38240 — Obion, TN HUD Section 8 Payment Standards / SAFMR.
Does this Tennessee ZIP profile include Georgia listings?
No. ZIP 38240 is Census / HUD research for Obion County, TN. Jeff Crowe CRE does not list Tennessee property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.