Real Estate Investing in Winchester, Tennessee (37306)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37306 (Winchester, 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: 19.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.8 — 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 Winchester, TN (37306)?
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Market Analysis: 37306 Winchester
Investors eyeing 37306 need to respect the fundamentals at play. Home values of $312K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $312K asset, 37306 is the wrong submarket. If the plan prices in friction, the yield can still work.
In the broader TN picture, 37306 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 37306 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategically, 37306 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Winchester:
Market Trends
Home Value History (with trend line)
📊 How Does 37306 Compare?
| Metric | 37306 | Winchester | Tullahoma-Manchester, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $311,982 | $337,239 | N/A | $327,001 |
| 5-Year CAGR | 5.1% | 5.6% | N/A | 7.7% |
| Avg Rent | $936 | $1,099 | N/A | - |
| Cap Rate | 2.3% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37306 (Winchester, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $311,982 |
| Monthly Rent | $936 |
| Price-to-Rent | 27.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +8.1% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +7.7% ▲ |
🏠 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 (2.3%). 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 37306
Population: 1,891
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
Frequently Asked Questions
Do landlords face vacancy issues in Winchester, TN?
Occupancy in Winchester, TN runs consistent with elevated vacancy. Well-priced units at $936/mo lease on reasonable timelines.
Is the tenant base reliable in Winchester, TN?
Tenant quality in Winchester, TN ranks as solid. Landlords generally report reliable occupancy at market rents of $936/mo.
What is the median home value in Winchester, TN?
Winchester, TN median home values land near $312K. That is reasonable territory for investors looking at $936/mo-per-month rentals.
How viable is house hacking in Winchester, TN?
Winchester, TN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $936/mo rent level.
Are eviction rules reasonable in Winchester, TN?
Rental owners in Winchester, TN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 37306 now. You don’t know where it ranks.
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How 37306 ranks in Tullahoma-Manchester, TN
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