Real Estate Investing in Benton, Tennessee (37307)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37307 (Benton, 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.
- High vacancy: 12.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Benton, TN (37307)?
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Market Analysis: 37307 Benton
ZIP 37307 in Benton, TN carries a impressive set of headwinds. Home values near $268K and rents of $981/mo sit inside a market where underwriting has to be tight.
Rent of $981/mo on a $268K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 37307 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 37307 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A healthy renter share of 21% in 37307 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 37307 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 Benton:
Market Trends
Home Value History (with trend line)
📊 How Does 37307 Compare?
| Metric | 37307 | Benton | Cleveland, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $268,272 | $268,272 | N/A | $327,001 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.7% |
| Avg Rent | $981 | $981 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37307 (Benton, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,272 |
| Monthly Rent | $981 |
| Price-to-Rent | 22.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.9%). 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 37307
Population: 5,340
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 37307
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 1,008 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Do rentals sit vacant long in Benton, TN?
Rental vacancy in Benton, TN is elevated. Investors should budget normal turnover but not chronic empty units.
Are landlord laws favorable in Benton, TN?
Rental owners in Benton, TN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How much should I expect to pay for a home in Benton, TN?
Expect median prices around $268K in Benton, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Are rents high in Benton, TN?
Benton, TN rentals go for roughly $981/mo a month. That puts gross yield in solid territory relative to $268K acquisition costs.
How strong is tenant demand in Benton, TN?
Benton, TN draws a reliable base of working renters. Demand at the $981/mo rent level is reasonable for standard single-family and small multi rentals.
You know 37307 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37307 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 37307 ranks in Cleveland, TN
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