Real Estate Investing in Petersburg, Tennessee (37144)
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Should you buy in 37144 (Petersburg, 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 price-to-rent: Price-to-rent ratio 30.9 — 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 Petersburg, TN (37144)?
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Market Analysis: 37144 Petersburg
The 37144 ZIP covers a section of Petersburg that demands careful diligence. Prices near $313K look accessible, but the work to make a deal cash flow is real.
The 37144 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Petersburg have seen price recovery that 37144 has not matched. Lincoln County data supports the view that the spread is structural rather than temporary.
A robust renter share of 12% in 37144 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 Petersburg's stable or hybrid ZIPs before stepping into 37144. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Petersburg:
Market Trends
Home Value History (with trend line)
📊 How Does 37144 Compare?
| Metric | 37144 | Petersburg | Lewisburg, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $313,255 | $313,255 | N/A | $327,001 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.7% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37144 (Petersburg, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $313,255 |
| Monthly Rent | $846 |
| Price-to-Rent | 30.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +9.3% ▲ |
🏠 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 (2.1%). 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 37144
Population: 2,941
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 37144
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
Frequently Asked Questions
How much should I expect to pay for a home in Petersburg, TN?
Petersburg, TN median home values land near $313K. That is reasonable territory for investors looking at $846/mo-per-month rentals.
How do experienced investors play Petersburg, TN?
Petersburg, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($313K prices, $846/mo rents) make it a reasonable choice.
Are landlord laws favorable in Petersburg, TN?
Petersburg, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is vacancy a concern in Petersburg, TN?
Petersburg, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Petersburg, TN good for house hacking?
Petersburg, TN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $846/mo rent level.
You know 37144 now. You don’t know where it ranks.
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How 37144 ranks in Lewisburg, TN
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