Real Estate Investing in Nunnelly, Tennessee (37137)
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Should you buy in 37137 (Nunnelly, TN)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.3% of homes vacant — above national norms.
- Lower household income: $37,747 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Nunnelly, TN (37137)?
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Market Analysis: 37137 Nunnelly
ZIP 37137 offers what many appreciation markets cannot: an affordable basis at $58K and rent support of $909/mo for rehab-driven equity creation in Hickman County.
ZIP 37137 favors investors with a contractor on speed dial. On balance, the turnkey yield looks ordinary, a renovated unit pulls stronger rent than the unrenovated $909/mo average.
Regionally, 37137 sits on the affordable end of the Hickman County map. Meanwhile, the absolute numbers are modest, the spread between acquisition price and post-rehab value is wider than in turnkey ZIPs.
A renter-heavy, wage-earner demographic anchors 37137. Value-add players rely on that mix — the 11% share is both the tenant source and the buyer pool for future owner-occupied exits.
The strategy in 37137 is forced equity, not market equity. On the rental side, entry prices are accommodating at $58K, the returns sit in the renovation budget, not the holding period.
Here's what matters if you're considering buying a home in Nunnelly:
Market Trends
Home Value History (with trend line)
📊 How Does 37137 Compare?
| Metric | 37137 | Nunnelly | Tennessee |
|---|---|---|---|
| Home Value | $58,179 | $58,179 | $327,001 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 12.2% | 12.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37137 (Nunnelly, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $58,179 |
| Monthly Rent | $909 |
| Price-to-Rent | 5.3:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 18.8% |
| Cap Rate | 12.2% |
| 5-Year IRR | 26.8% |
📈 Home Appreciation
| 1-Year | +14.6% ▲ |
| 3-Year CAGR | N/A |
| 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 estimated cap rate (12.2%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37137
Population: 1,999
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 965 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Nunnelly, TN for investors?
The 4.0/5 investability rating in Nunnelly, TN reflects its $58K prices and $909/mo rents. Investors generally consider it a solid option within TN.
What monthly rent should investors expect in Nunnelly, TN?
Rent in Nunnelly, TN is around $909/mo. The resulting rent-to-value relationship with $58K pricing is reasonable for most investor models.
Is BRRRR a fit for Nunnelly, TN?
Yes - BRRRR is a strong in Nunnelly, TN. The $58K home values and $909/mo rents anchor the refinance math.
Which investment style suits Nunnelly, TN?
For Nunnelly, TN, value-add and BRRRR deals is the standard investor playbook. The market structure makes it a reasonable default approach.
Is it possible to hit the 1% rule in Nunnelly, TN?
With rents of $909/mo on $58K homes, Nunnelly, TN close to the 1% rule for most properties. The actual rent-to-price ratio is 1.56%.
You know 37137 now. You don’t know where it ranks.
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