Real Estate Investing in Lebanon, Tennessee (37087)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37087 (Lebanon, 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 Lebanon, TN (37087)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37087 Lebanon
ZIP 37087 inside Wilson County looks affordable on the surface — median value of $446K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37087 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 37087's metrics run below Wilson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 37087 ZIP's population of 55,235 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
appears to 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 Lebanon:
Property Strategy for 37087
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $307,876 | $1,390 | 3.3% | +7.4% | $153,938 |
| 3BR | $394,523 | $1,780 | 3.2% | +7.8% | $131,508 |
| 4BR | $586,032 | $2,160 | 2.7% | +8.4% | $146,508 |
| 5BR | $623,826 | — | — | +8.7% | $124,765 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37087 Compare?
| Metric | 37087 | Lebanon | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $446,197 | $452,929 | N/A | $327,001 |
| 5-Year CAGR | 5.2% | 5.1% | N/A | 7.7% |
| Avg Rent | $1,740 | $1,673 | N/A | - |
| Cap Rate | 3.0% | 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 37087 (Lebanon, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 37087 (Lebanon, TN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $446,197 |
| Monthly Rent | $1,740 |
| Price-to-Rent | 21.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +2.5% ▲ |
| 3-Year CAGR | +1.8% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | +6.6% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 37087
Population: 55,235
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 37087
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 1,421 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Lebanon, TN?
Investors in Lebanon, TN typically see rents near $1,740/mo per month against $446K home values - a solid setup for rental cash flow.
Are there empty rentals in Lebanon, TN?
Vacancy in Lebanon, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,740/mo.
Does Lebanon, TN make sense for an investment property?
With a 3.0/5 investability score, Lebanon, TN ranks as a solid market for rental property investors. Median prices of $446K and rents of $1,740/mo drive the underlying numbers.
How viable is house hacking in Lebanon, TN?
House hacking in Lebanon, TN is a challenging. With home values around $446K and rents at $1,740/mo, owner-occupants can offset a meaningful share of PITI.
How do experienced investors play Lebanon, TN?
The best-fit strategy in Lebanon, TN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 37087 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37087 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37087 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 37087 (Lebanon)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 37087 (Lebanon, TN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.