Real Estate Investing in Castalian Springs, Tennessee (37031)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37031 (Castalian Springs, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
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 30.1 — 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 Castalian Springs, TN (37031)?
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Market Analysis: 37031 Castalian Springs
Stepping back, ZIP 37031 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $429K median. It rewards specialists, not generalists.
The investment case in 37031 is robust only for operators who understand what they are buying. A $429K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
On the rental side, 37031 offers a low basis, the region around Castalian Springs has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 37031 ZIP's population of 3,984 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
Experienced landlords with local relationships tend to find 37031 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 Castalian Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 37031 Compare?
| Metric | 37031 | Castalian Springs | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $429,323 | $429,323 | N/A | $327,001 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.7% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37031 (Castalian Springs, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $429,323 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +9.2% ▲ |
🏠 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 (2.2%). 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 37031
Population: 3,984
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,421 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strict are landlord regulations in Castalian Springs, TN?
Castalian Springs, TN operates under TN law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
How qualified is the tenant pool in Castalian Springs, TN?
The tenant pool in Castalian Springs, TN is solid, supported by local employment and population fundamentals. Rents of $1,188/mo are well-absorbed by the market.
Should investors consider Castalian Springs, TN?
With a 3.0/5 investability score, Castalian Springs, TN ranks as a solid market for rental property investors. Median prices of $429K and rents of $1,188/mo drive the underlying numbers.
Is Castalian Springs, TN a good market for FHA house hackers?
Castalian Springs, TN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,188/mo rent level.
How expensive is real estate in Castalian Springs, TN?
The median home value in Castalian Springs, TN is roughly $429K. That puts it reasonable relative to the TN statewide average.
You know 37031 now. You don’t know where it ranks.
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How 37031 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
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