Real Estate Investing in Springfield, Tennessee (37172)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37172 (Springfield, 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 Springfield, TN (37172)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37172 Springfield
The 37172 ZIP covers a section of Springfield that demands careful diligence. Prices near $337K look accessible, but the work to make a deal cash flow is real.
The investment case in 37172 is solid only for operators who understand what they are buying. A $337K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Regionally, 37172 sits on the difficult end of the TN spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 37172 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. impressive returns are possible in 37172, 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 Springfield:
Property Strategy for 37172
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $233,039 | $1,410 | 4.4% | +8.8% | $116,519 |
| 3BR | $341,501 | $1,800 | 3.8% | +8.5% | $113,834 |
| 4BR | $446,509 | $2,200 | 3.5% | +8.6% | $111,627 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37172 Compare?
| Metric | 37172 | Springfield | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $337,151 | $337,151 | N/A | $327,001 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.7% |
| Avg Rent | $1,630 | $1,630 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 37172 (Springfield, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 37172 (Springfield, TN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $337,151 |
| Monthly Rent | $1,630 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +2.3% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 Rent Trends
| 1-Year | -2.9% ▼ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 37172
Population: 31,420
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 37172
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.
Frequently Asked Questions
Should investors consider Springfield, TN?
The 3.0/5 investability rating in Springfield, TN reflects its $337K prices and $1,630/mo rents. Investors generally consider it a solid option within TN.
Is Springfield, TN landlord-friendly?
TN ranks as a landlord-friendly state for landlord-tenant law. Springfield generally follows the statewide framework, so landlords face reasonable operating rules.
What is the best play in Springfield, TN?
Springfield, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($337K prices, $1,630/mo rents) make it a reasonable choice.
How strong is the working-renter base in Springfield, TN?
The renter base in Springfield, TN is reasonable for the $1,630/mo price point. Screening well and pricing to market typically yields predictable tenants.
What is the typical rental rate in Springfield, TN?
The typical rental in Springfield, TN commands about $1,630/mo monthly. That rent profile even-keeled cash flow against the $337K purchase basis.
You know 37172 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37172 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37172 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 37172 (Springfield)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 37172 (Springfield, TN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.