Real Estate Investing in Cookeville, Tennessee

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

4 ZIP codes • Population: 72,983 • Putnam County

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

🏠 For Homebuyers
GREAT FIT
Grade A (86/100)

Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.

📈 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
CLEAN

No major risk flags on the data we track.

What’s happening in Cookeville, TN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.7% 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 $161,702
Avg Monthly Rent $1,588
ZIP Codes 4

Investing in Cookeville Real Estate

This is a distressed-leaning corner of Tennessee: Cookeville has 4 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

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

The $1,588/mo / $162K relationship in Cookeville looks sluggish once vacancy and capex are incorporated into underwriting. trends toward the realized yield tends to disappoint.

Cookeville's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

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

Cookeville 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
$161,702
Avg Monthly Rent
$1,588
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

🎓 Colleges & Universities in Cookeville

4 Colleges 10,769 Students 657 Off-Campus Renters
C+
Tennessee Technological University
4-Year Public · 10,117 students
📍 ~657 students rent off-campus
D
Mr Wayne's School of Unisex Hair Design
Vocational For-Profit · 22 students
D
Genesis Career College-Cookeville
Vocational For-Profit · 329 students
D
Fortis Institute-Cookeville
2-Year For-Profit · 301 students

Investor Insight: With 657 students living off-campus, Cookeville has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Cookeville, TN

Screen every ZIP in Cookeville

Filter Cookeville’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 Cookeville, TN

Is Cookeville, TN a good place for real estate investing?

Cookeville, TN sits at an investability rating of 3.0/5, with median home values near $162K and average rents around $1,588/mo. That combination puts it in the impressive tier for investor interest.

Where do rents currently stand in Cookeville, TN?

Investors in Cookeville, TN typically see rents near $1,588/mo per month against $162K home values - a solid setup for rental cash flow.

Do landlords face vacancy issues in Cookeville, TN?

Expect elevated vacancy in Cookeville, TN. Rents at $1,588/mo are absorbed by the tenant base without meaningful lag.

Are landlord laws favorable in Cookeville, TN?

Cookeville, TN operates under TN law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.

Are homes affordable in Cookeville, TN?

Cookeville, TN median home values land near $162K. That is reasonable territory for investors looking at $1,588/mo-per-month rentals.

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