Real Estate Investing in Centerville, Tennessee (37033)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37033 (Centerville, 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 vacancy: 17.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Centerville, TN (37033)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37033 Centerville
ZIP 37033 inside Hickman County looks affordable on the surface — median value of $245K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $963/mo on a $245K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 37033 sits below the stated 0.0% once reality is priced in.
Regionally, 37033 sits on the difficult end of the TN spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 37033 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Centerville:
Property Strategy for 37033
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $204,246 | $1,070 | 3.8% | +11.0% | $102,123 |
| 3BR | $280,068 | $1,380 | 3.5% | +10.5% | $93,356 |
| 4BR | $379,521 | $1,790 | 3.4% | +9.5% | $94,880 |
Market Trends
Home Value History (with trend line)
📊 How Does 37033 Compare?
| Metric | 37033 | Centerville | Tennessee |
|---|---|---|---|
| Home Value | $245,244 | $245,244 | $327,001 |
| 5-Year CAGR | 6.5% | 6.5% | 7.7% |
| Avg Rent | $963 | $963 | - |
| Cap Rate | 3.1% | 3.1% | - |
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 37033 (Centerville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $245,244 |
| Monthly Rent | $963 |
| Price-to-Rent | 21.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (3.1%). 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 37033
Population: 8,656
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 37033
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 753 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which investment style suits Centerville, TN?
A careful cash-flow rentals with hands-on management strategy Centerville, TN best. The market produces reliable results for that approach at the $245K price point.
How strong is Centerville, TN for real estate investors?
Centerville, TN scores 3.0/5 for investability. Home values sit at $245K and rents near $963/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical renter like in Centerville, TN?
Tenant quality in Centerville, TN ranks as solid. Landlords generally report predictable occupancy at market rents of $963/mo.
Is Centerville, TN a friendly market for rental owners?
For rental operators, Centerville, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What are vacancy rates like in Centerville, TN?
Vacancy in Centerville, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $963/mo.
You know 37033 now. You don’t know where it ranks.
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