Real Estate Investing in New Johnsonville, Tennessee (37134)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37134 (New Johnsonville, 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: 28.4% 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 New Johnsonville, TN (37134)?
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Market Analysis: 37134 New Johnsonville
This part of Humphreys County is not an easy win. The 37134 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
In practical terms, the numbers look inviting — $227K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37134 is substantial and deserves full respect.
Regionally, 37134 sits on the difficult end of the TN spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
A durable renter share of 20% in 37134 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at New Johnsonville's stable or hybrid ZIPs before stepping into 37134. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in New Johnsonville:
Market Trends
Home Value History (with trend line)
📊 How Does 37134 Compare?
| Metric | 37134 | New Johnsonville | Tennessee |
|---|---|---|---|
| Home Value | $226,579 | $226,579 | $327,001 |
| 5-Year CAGR | 6.4% | 6.4% | 7.7% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37134 (New Johnsonville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,579 |
| Monthly Rent | $873 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 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 (3.0%). 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 37134
Population: 2,922
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 37134
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
Does New Johnsonville, TN make sense for an investment property?
With a 3.0/5 investability score, New Johnsonville, TN ranks as a solid market for rental property investors. Median prices of $227K and rents of $873/mo drive the underlying numbers.
What type of investing works in New Johnsonville, TN?
A careful cash-flow rentals with hands-on management strategy New Johnsonville, TN best. The market produces even-keeled results for that approach at the $227K price point.
What are home prices like in New Johnsonville, TN?
Median home price in New Johnsonville, TN is near $227K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What is the rental occupancy rate in New Johnsonville, TN?
New Johnsonville, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is New Johnsonville, TN good for landlords?
For rental operators, New Johnsonville, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 37134 now. You don’t know where it ranks.
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