Real Estate Investing in Erin, Tennessee (37061)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37061 (Erin, 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: 21.0% 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 Erin, TN (37061)?
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Market Analysis: 37061 Erin
Not every below-median market is a bargain. Erin's 37061 ZIP clocks in at signals that favor experienced operators who can absorb the risk $227K pricing implies.
The 37061 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 37061's metrics run below Houston County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A resilient renter share of 25% in 37061 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 37061 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Erin:
Market Trends
Home Value History (with trend line)
📊 How Does 37061 Compare?
| Metric | 37061 | Erin | Tennessee |
|---|---|---|---|
| Home Value | $226,995 | $226,995 | $327,001 |
| 5-Year CAGR | 6.7% | 6.7% | 7.7% |
| Avg Rent | $999 | $999 | - |
| Cap Rate | 3.4% | 3.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37061 (Erin, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,995 |
| Monthly Rent | $999 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (3.4%). 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 37061
Population: 5,193
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 37061
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.
Frequently Asked Questions
What is the typical vacancy rate in Erin, TN?
Erin, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How much do tenants pay in Erin, TN?
Expect rents around $999/mo per month in Erin, TN. With home values at $227K, the yield math works out to reasonable levels for rental investors.
What price range are homes in Erin, TN?
Median home price in Erin, TN is near $227K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
How landlord-friendly is Erin, TN?
The landlord environment in Erin, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is real estate in Erin, TN a good investment right now?
Erin, TN rates 3.0/5 for investability. With median values at $227K and rents near $999/mo, the market offers reasonable fundamentals for rental investors.
You know 37061 now. You don’t know where it ranks.
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