Real Estate Investing in Portland, Tennessee (37148)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37148 (Portland, 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.
No major risk flags on the data we track.
What’s happening in Portland, TN (37148)?
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Market Analysis: 37148 Portland
ZIP 37148 inside Sumner County looks affordable on the surface — median value of $334K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37148 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 37148 sits on the difficult end of the TN spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
From an investor standpoint, 25,421 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.
Experienced landlords with local relationships tend to find 37148 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Portland:
Property Strategy for 37148
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $239,024 | $1,320 | 4.0% | +8.2% | $119,512 |
| 3BR | $333,252 | $1,660 | 3.6% | +9.1% | $111,084 |
| 4BR | $469,643 | $2,020 | 3.1% | +9.2% | $117,411 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37148 Compare?
| Metric | 37148 | Portland | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $333,656 | $333,656 | N/A | $327,001 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.7% |
| Avg Rent | $1,600 | $1,600 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 37148 (Portland, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $333,656 |
| Monthly Rent | $1,600 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (3.7%). 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 37148
Population: 25,421
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 37148
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 1,221 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do experienced investors play Portland, TN?
The best-fit strategy in Portland, TN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Should investors worry about vacancy in Portland, TN?
Vacancy in Portland, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,600/mo.
Are tenants stable in Portland, TN?
Portland, TN draws a even-keeled base of working renters. Demand at the $1,600/mo rent level is reasonable for standard single-family and small multi rentals.
Is Portland, TN suited for a house hack?
For house hackers, Portland, TN is a challenging. The $1,600/mo rent on a unit helps defray the mortgage on a $334K property.
What do landlords charge for rent in Portland, TN?
Expect rents around $1,600/mo per month in Portland, TN. With home values at $334K, the yield math works out to reasonable levels for rental investors.
You know 37148 now. You don’t know where it ranks.
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How 37148 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
Every ZIP in this metro, ranked. Free.
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