Real Estate Investing in Burns, Tennessee (37029)
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Should you buy in 37029 (Burns, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 31.3 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Burns, TN (37029)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37029 Burns
The 37029 ZIP covers a section of Burns that demands careful diligence. Prices near $447K look accessible, but the work to make a deal cash flow is real.
The 37029 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 37029 and stronger Burns ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 37029 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 37029 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Burns:
Property Strategy for 37029
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $432,302 | $1,660 | 2.8% | +8.7% | $144,101 |
| 4BR | $559,680 | $2,020 | 2.6% | +9.3% | $139,920 |
Market Trends
Home Value History (with trend line)
📊 How Does 37029 Compare?
| Metric | 37029 | Burns | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $446,676 | $446,676 | N/A | $327,001 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 7.7% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37029 (Burns, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $446,676 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 31.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 37029
Population: 6,737
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
🎓 Schools in 37029
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 965 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What monthly rent should investors expect in Burns, TN?
Average rent in Burns, TN is approximately $1,188/mo per month. Against $447K home values that yields a reasonable rent-to-price ratio.
What is the average home sale price in Burns, TN?
Expect median prices around $447K in Burns, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
How strong is Burns, TN for real estate investors?
Burns, TN scores 3.0/5 for investability. Home values sit at $447K and rents near $1,188/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Are there empty rentals in Burns, TN?
Burns, TN sees elevated vacancy, which is reasonable relative to the broader TN rental market.
Are renters plentiful in Burns, TN?
Working renters make up the core of the Burns, TN tenant base. The pool is reasonable for investors targeting long-term holds.
You know 37029 now. You don’t know where it ranks.
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How 37029 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
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