Real Estate Investing in Belfast, Tennessee (37019)
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Should you buy in 37019 (Belfast, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Higher unemployment: 11.5% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 31.3 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Belfast, TN (37019)?
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Market Analysis: 37019 Belfast
This part of Marshall County is not an easy win. The 37019 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 37019 can be a worth a close look for hunting ground — but the discount at $331K reflects genuine risk that outside investors often underestimate.
Regionally, 37019 sits on the difficult end of the TN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 37019 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 37019 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Belfast:
Market Trends
Home Value History (with trend line)
📊 How Does 37019 Compare?
| Metric | 37019 | Belfast | Lewisburg, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $330,929 | $330,929 | N/A | $327,001 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.7% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37019 (Belfast, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $330,929 |
| Monthly Rent | $882 |
| Price-to-Rent | 31.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +9.6% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37019
Population: 618
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
What is the investability score for Belfast, TN?
Our data puts Belfast, TN at 3.0/5 for investability. Home prices of $331K and rents around $882/mo create a solid backdrop for investor activity.
Does house hacking work in Belfast, TN?
Belfast, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $331K price point reasonable to enter.
Which investment style suits Belfast, TN?
The best-fit strategy in Belfast, TN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Do landlords face vacancy issues in Belfast, TN?
Vacancy risk in Belfast, TN is elevated. That supports even-keeled cash flow for typical rental holds.
How do home values compare in Belfast, TN?
Expect median prices around $331K in Belfast, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
You know 37019 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37019 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37019 ranks in Lewisburg, TN
Every ZIP in this metro, ranked. Free.
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