Real Estate Investing in Baxter, Tennessee

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 7,413 • Putnam County

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Should you buy in Baxter, TN? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (48/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 17.3% of homes vacant — above national norms.

What’s happening in Baxter, TN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.0% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $300,259
Avg Monthly Rent $864
ZIP Codes 1

Investing in Baxter Real Estate

This is a distressed-leaning corner of Tennessee: Baxter has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Baxter is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. firmly out-of-state investors should be especially careful with the assumptions they carry in.

Rent trends and price trends in Baxter are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Tennessee.

The 0% renter share in Baxter masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Cookeville, TN

Baxter is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$300,259
Avg Monthly Rent
$864
1% Rule
✗ Below
Landlord Friendly (TN)

📉 Market Crash Risk Index

Based on Cookeville, TN metro

3/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
3/3
76%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Cookeville, TN metro
0
Days to pending
10.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Baxter, TN

Screen every ZIP in Baxter

Filter Baxter’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Baxter, TN

What is the rental occupancy rate in Baxter, TN?

Expect elevated vacancy in Baxter, TN. Rents at $864/mo are absorbed by the tenant base without meaningful lag.

Are landlord laws favorable in Baxter, TN?

For rental operators, Baxter, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

How deep is the rental pool in Baxter, TN?

Working renters make up the core of the Baxter, TN tenant base. The pool is reasonable for investors targeting long-term holds.

Where do rents currently stand in Baxter, TN?

Expect rents around $864/mo per month in Baxter, TN. With home values at $300K, the yield math works out to reasonable levels for rental investors.

Is housing expensive in Baxter, TN?

Typical homes in Baxter, TN go for around $300K. The 5-year CAGR of 0.0% predictable price movement.

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