Real Estate Investing in Milton, Tennessee (37118)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37118 (Milton, TN)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High price-to-rent: Price-to-rent ratio 43.7 — 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 Milton, TN (37118)?
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Market Analysis: 37118 Milton
ZIP 37118 in Milton, TN carries a healthy set of headwinds. Home values near $623K and rents of $1,188/mo sit inside a market where underwriting has to be tight.
Rent of $1,188/mo on a $623K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 37118 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 37118 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 37118 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.
Strategically, 37118 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Milton:
Market Trends
Home Value History (with trend line)
📊 How Does 37118 Compare?
| Metric | 37118 | Milton | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $623,121 | $623,121 | N/A | $327,001 |
| 5-Year CAGR | N/A | N/A | N/A | 7.7% |
| Avg Rent | $1,188 | $1,188 | N/A | - |
| Cap Rate | 1.5% | 1.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37118 (Milton, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $623,121 |
| Monthly Rent | $1,188 |
| Price-to-Rent | 43.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.3% |
| Cap Rate | 1.5% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | +1.2% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (1.5%). 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 37118
Population: 1,087
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
🎓 Nearby Colleges & Universities
Investor Insight: With 3,409 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is the tenant base reliable in Milton, TN?
The renter base in Milton, TN is reasonable for the $1,188/mo price point. Screening well and pricing to market typically yields consistent tenants.
Should investors worry about vacancy in Milton, TN?
Vacancy in Milton, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,188/mo.
How expensive is real estate in Milton, TN?
The median home value in Milton, TN is roughly $623K. That puts it reasonable relative to the TN statewide average.
Does a duplex house hack pencil in Milton, TN?
For house hackers, Milton, TN is a challenging. The $1,188/mo rent on a unit helps defray the mortgage on a $623K property.
How do landlord-tenant laws work in Milton, TN?
TN law landlord-friendly for landlords, and Milton inherits those rules. Investors should still review local ordinances for rental licensing.
You know 37118 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37118 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 37118 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
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