Real Estate Investing in Walnut Grove, Tennessee (37048)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37048 (Walnut Grove, 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 34.1 — 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 Walnut Grove, TN (37048)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37048 Walnut Grove
ZIP 37048 in Walnut Grove, TN carries a resilient set of headwinds. Home values near $486K and rents of $1,188/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 37048 can be a a solid fit for hunting ground — but the discount at $486K reflects genuine risk that outside investors often underestimate.
Meanwhile, 37048 offers a low basis, the region around Walnut Grove has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 37048 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. resilient returns are possible in 37048, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Walnut Grove:
Property Strategy for 37048
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $487,232 | $1,660 | 2.5% | +9.3% | $162,411 |
| 4BR | $682,315 | $2,020 | 2.1% | +10.5% | $170,579 |
Market Trends
Home Value History (with trend line)
📊 How Does 37048 Compare?
| Metric | 37048 | Walnut Grove | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $486,195 | $486,195 | N/A | $327,001 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.7% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
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 37048 (Walnut Grove, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $486,195 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 34.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (1.9%). 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 37048
Population: 6,325
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 37048
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 1,221 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are rents high in Walnut Grove, TN?
Rents in Walnut Grove, TN run near $1,188/mo. Compared with median home prices of $486K that produces solid gross yields for typical rentals.
Should investors worry about vacancy in Walnut Grove, TN?
Vacancy in Walnut Grove, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,188/mo.
Is Walnut Grove, TN a good market for buy-and-hold investors?
Investors tracking Walnut Grove, TN will find a 3.0/5 rating supported by $486K median home values and $1,188/mo rents. That profile suits long-term holders targeting steady returns.
Can I house hack in Walnut Grove, TN?
Walnut Grove, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $486K price point reasonable to enter.
Is the tenant base reliable in Walnut Grove, TN?
Tenant demand in Walnut Grove, TN is solid. The local workforce $1,188/mo rents across most rental classes.
You know 37048 now. You don’t know where it ranks.
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How 37048 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
Every ZIP in this metro, ranked. Free.
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