Best ZIP Codes for Cash Flow in Tullahoma-Manchester, TN (2026)

Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.

# ZIP City Home value Rent Cap rate 5-yr growth
1 37388 Tullahoma, TN $299,482 $1,533 3.99% 7.0%
2 37376 Sherwood, TN $202,542 $990 3.81%
3 37355 Manchester, TN $327,028 $1,516 3.62% 6.5%
4 37345 Huntland, TN $229,486 $1,044 3.55% 7.3%
5 37318 Cowan, TN $189,964 $837 3.44% 6.9%
6 37018 Beechgrove, TN $307,308 $1,188 3.02% 6.1%
7 37398 Winchester, TN $362,497 $1,263 2.72% 6.1%
8 37324 Decherd, TN $258,175 $864 2.61% 5.5%
9 37330 Estill Springs, TN $319,230 $1,017 2.48% 5.6%
10 37375 Sewanee, TN $420,054 $1,314 2.44% 4.8%
11 37306 Winchester, TN $311,982 $936 2.34% 5.1%
12 37359 Mulberry, TN $318,742 $846 2.07%
13 37342 Hillsboro, TN $328,486 $837 1.99% 7.0%
14 37352 Lynchburg, TN $357,305 $837 1.83% 6.2%
15 37360 Normandy, TN $395,714 $837 1.65% 6.5%

Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →