Real Estate Investing in Smyrna, Tennessee (37167)
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Should you buy in 37167 (Smyrna, 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.
No major risk flags on the data we track.
What’s happening in Smyrna, TN (37167)?
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Market Analysis: 37167 Smyrna
Investors eyeing 37167 need to respect the fundamentals at play. Home values of $408K come alongside slower price movement and elevated management overhead.
The investment case in 37167 is impressive only for operators who understand what they are buying. A $408K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Smyrna have seen price recovery that 37167 has not matched. Rutherford County data supports the view that the spread is structural rather than temporary.
Resident income in 37167 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. impressive returns are possible in 37167, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Smyrna:
Property Strategy for 37167
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $292,080 | $1,640 | 4.0% | +7.5% | $146,040 |
| 3BR | $377,590 | $2,100 | 4.0% | +7.7% | $125,863 |
| 4BR | $499,602 | $2,560 | 3.7% | +7.5% | $124,901 |
| 5BR | $568,090 | — | — | +7.9% | $113,618 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37167 Compare?
| Metric | 37167 | Smyrna | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $407,636 | $407,636 | N/A | $327,001 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 7.7% |
| Avg Rent | $1,705 | $1,705 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 37167 (Smyrna, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $407,636 |
| Monthly Rent | $1,705 |
| Price-to-Rent | 19.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 Rent Trends
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | +2.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 37167
Population: 63,660
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 37167
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 3,409 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Smyrna, TN?
Smyrna, TN median home values land near $408K. That is reasonable territory for investors looking at $1,705/mo-per-month rentals.
Is Smyrna, TN landlord-friendly?
Landlord-friendliness in Smyrna, TN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What type of investing works in Smyrna, TN?
In Smyrna, TN the notable play is typically careful cash-flow rentals with hands-on management. The combination of $408K prices and $1,705/mo rents suits that approach.
Is Smyrna, TN suited for a house hack?
House hacking works a challenging in Smyrna, TN. Rents of $1,705/mo against $408K acquisition make the strategy solid for owner-occupants.
Are renters plentiful in Smyrna, TN?
Expect a solid tenant pool in Smyrna, TN. The rental market absorbs $1,705/mo rents without meaningful friction.
You know 37167 now. You don’t know where it ranks.
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How 37167 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
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