Real Estate Investing in Wartrace, Tennessee (37183)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37183 (Wartrace, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 37.6 — 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 Wartrace, TN (37183)?
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Market Analysis: 37183 Wartrace
This part of Bedford County is not an easy win. The 37183 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $398K asset, 37183 is the wrong submarket. If the plan prices in friction, the yield can still work.
On the rental side, 37183 offers a low basis, the region around Wartrace has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 37183 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. substantial returns are possible in 37183, 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 Wartrace:
Market Trends
Home Value History (with trend line)
📊 How Does 37183 Compare?
| Metric | 37183 | Wartrace | Shelbyville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $398,081 | $398,081 | N/A | $327,001 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.7% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 1.7% | 1.7% | - | - |
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 37183 (Wartrace, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $398,081 |
| Monthly Rent | $882 |
| Price-to-Rent | 37.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.7% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (1.7%). 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 37183
Population: 3,211
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 37183
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 1,814 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Wartrace, TN landlord-friendly?
The landlord environment in Wartrace, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is the tenant base reliable in Wartrace, TN?
Tenant quality in Wartrace, TN ranks as solid. Landlords generally report steady occupancy at market rents of $882/mo.
How much should I expect to pay for a home in Wartrace, TN?
Wartrace, TN home values average about $398K. That price point suits investors targeting rentals with $882/mo in monthly income.
Is Wartrace, TN good for house hacking?
Wartrace, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $398K price point reasonable to enter.
What approach is best for Wartrace, TN real estate?
For Wartrace, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 37183 now. You don’t know where it ranks.
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