Real Estate Investing in Gallatin, Tennessee (37066)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37066 (Gallatin, 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.
No major risk flags on the data we track.
What’s happening in Gallatin, TN (37066)?
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Market Analysis: 37066 Gallatin
ZIP 37066 in Gallatin, TN carries a impressive set of headwinds. Home values near $444K and rents of $1,637/mo sit inside a market where underwriting has to be tight.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $444K asset, 37066 is the wrong submarket. If the plan prices in friction, the yield can still work.
Put differently, 37066 offers a low basis, the region around Gallatin has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A impressive renter share of 33% in 37066 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. solid returns are possible in 37066, 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 Gallatin:
Property Strategy for 37066
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $346,182 | $1,550 | 3.2% | +7.0% | $173,091 |
| 3BR | $407,415 | $1,980 | 3.5% | +7.4% | $135,805 |
| 4BR | $618,852 | $2,420 | 2.8% | +8.3% | $154,713 |
| 5BR | $861,137 | — | — | +10.0% | $172,227 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37066 Compare?
| Metric | 37066 | Gallatin | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $443,526 | $443,526 | N/A | $327,001 |
| 5-Year CAGR | 4.3% | 4.3% | N/A | 7.7% |
| Avg Rent | $1,637 | $1,637 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 37066 (Gallatin, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $443,526 |
| Monthly Rent | $1,637 |
| Price-to-Rent | 22.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +1.7% ▲ |
| 3-Year CAGR | +0.5% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | -2.9% ▼ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | +2.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). 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 37066
Population: 62,404
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 37066
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
How much does a house cost in Gallatin, TN?
In Gallatin, TN the median home value sits at $444K. Against the broader TN market, that reads as reasonable for most investors.
How does Gallatin, TN rate as a rental market?
Gallatin, TN rates 3.0/5 for investability. With median values at $444K and rents near $1,637/mo, the market offers reasonable fundamentals for rental investors.
How qualified is the tenant pool in Gallatin, TN?
The tenant pool in Gallatin, TN is solid, supported by local employment and population fundamentals. Rents of $1,637/mo are well-absorbed by the market.
Do landlords face vacancy issues in Gallatin, TN?
Expect elevated vacancy in Gallatin, TN. Rents at $1,637/mo are absorbed by the tenant base without meaningful lag.
What approach is best for Gallatin, TN real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Gallatin, TN. The numbers - $444K homes against $1,637/mo rents - support that play.
You know 37066 now. You don’t know where it ranks.
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How 37066 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
Every ZIP in this metro, ranked. Free.
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