Real Estate Investing in Pegram, Tennessee (37143)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37143 (Pegram, 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 28.3 — 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 Pegram, TN (37143)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37143 Pegram
The 37143 ZIP covers a section of Pegram that demands careful diligence. Prices near $456K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 37143 can be a worth a close look for hunting ground — but the discount at $456K reflects genuine risk that outside investors often underestimate.
In the broader TN picture, 37143 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
From an investor standpoint, 4,149 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategically, 37143 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 Pegram:
Property Strategy for 37143
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $357,117 | $1,490 | 3.0% | — | $178,558 |
| 3BR | $454,774 | $1,900 | 3.0% | +7.9% | $151,591 |
Market Trends
Home Value History (with trend line)
📊 How Does 37143 Compare?
| Metric | 37143 | Pegram | Tennessee |
|---|---|---|---|
| Home Value | $455,615 | $455,615 | $327,001 |
| 5-Year CAGR | 4.6% | 4.6% | 7.7% |
| Avg Rent | $1,341 | $1,341 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 37143 (Pegram, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $455,615 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 28.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.3%). 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 37143
Population: 4,149
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 37143
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 3,373 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Pegram, TN?
The 3.0/5 investability rating in Pegram, TN reflects its $456K prices and $1,341/mo rents. Investors generally consider it a solid option within TN.
How strict are landlord regulations in Pegram, TN?
Rental owners in Pegram, TN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Are rents high in Pegram, TN?
Pegram, TN rentals go for roughly $1,341/mo a month. That puts gross yield in solid territory relative to $456K acquisition costs.
Does a duplex house hack pencil in Pegram, TN?
The a challenging house-hack environment in Pegram, TN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Do rentals sit vacant long in Pegram, TN?
Rental vacancy in Pegram, TN is elevated. Investors should budget normal turnover but not chronic empty units.
You know 37143 now. You don’t know where it ranks.
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