Real Estate Investing in Lyles, Tennessee (37098)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37098 (Lyles, 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 26.2 — 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 Lyles, TN (37098)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37098 Lyles
Not every below-median market is a bargain. Lyles's 37098 ZIP sits at signals that favor experienced operators who can absorb the risk $264K pricing implies.
Turning to rents, the numbers look inviting — $264K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37098 is substantial and deserves full respect.
The gap between 37098 and stronger Lyles ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 37098 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 37098 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 Lyles:
Market Trends
Home Value History (with trend line)
📊 How Does 37098 Compare?
| Metric | 37098 | Lyles | Tennessee |
|---|---|---|---|
| Home Value | $263,577 | $263,577 | $327,001 |
| 5-Year CAGR | 5.1% | 5.1% | 7.7% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 37098 (Lyles, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $263,577 |
| Monthly Rent | $837 |
| Price-to-Rent | 26.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +5.1% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (2.5%). 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 37098
Population: 5,933
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 37098
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 965 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is real estate in Lyles, TN a good investment right now?
Lyles, TN scores 3.0/5 for investability. Home values sit at $264K and rents near $837/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What monthly rent should investors expect in Lyles, TN?
Average rent in Lyles, TN is approximately $837/mo per month. Against $264K home values that yields a reasonable rent-to-price ratio.
How should investors approach Lyles, TN?
In Lyles, TN the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $264K prices and $837/mo rents suits that approach.
Is the tenant base reliable in Lyles, TN?
The renter base in Lyles, TN is reasonable for the $837/mo price point. Screening well and pricing to market typically yields measured tenants.
Is rental property easy to operate in Lyles, TN?
The landlord environment in Lyles, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 37098 now. You don’t know where it ranks.
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