Real Estate Investing in Apison, Tennessee (37302)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37302 (Apison, 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 price-to-rent: Price-to-rent ratio 37.7 — 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 Apison, TN (37302)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37302 Apison
In practical terms, ZIP 37302 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $533K median. It rewards specialists, not generalists.
The investment case in 37302 is robust only for operators who understand what they are buying. A $533K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
The gap between 37302 and stronger Apison ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 37302 ZIP's population of 5,253 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Experienced landlords with local relationships tend to find 37302 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Apison:
Property Strategy for 37302
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $468,753 | $1,630 | 2.5% | +8.7% | $156,251 |
| 4BR | $589,692 | $1,750 | 2.1% | +8.1% | $147,423 |
| 5BR | $638,713 | — | — | +8.5% | $127,743 |
Market Trends
Home Value History (with trend line)
📊 How Does 37302 Compare?
| Metric | 37302 | Apison | Chattanooga, TN-GA | Tennessee |
|---|---|---|---|---|
| Home Value | $533,262 | $533,262 | N/A | $327,001 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.7% |
| Avg Rent | $1,179 | $1,179 | 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 37302 (Apison, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 37302 (Apison, TN)?
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Property managers serving Hamilton County
Manage rentals here? List your business →Greyhaven Realty Management Co. offers property management, brokerage, rehab, construction, leasing, and maintenance services in Chattanooga for single-family and multi-family properties. summary from their website
Doorby Property Management offers property management services in Chattanooga. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $533,262 |
| Monthly Rent | $1,179 |
| Price-to-Rent | 37.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.7% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (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 37302
Population: 5,253
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 37302
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 2,415 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 Apison, TN?
Typical homes in Apison, TN go for around $533K. The 5-year CAGR of 0.0% stable price movement.
How strong is tenant demand in Apison, TN?
Apison, TN draws a measured base of working renters. Demand at the $1,179/mo rent level is reasonable for standard single-family and small multi rentals.
Is Apison, TN a smart market for rental property?
With a 3.0/5 investability score, Apison, TN ranks as a solid market for rental property investors. Median prices of $533K and rents of $1,179/mo drive the underlying numbers.
What strategy should investors use in Apison, TN?
Investors usually favor careful cash-flow rentals with hands-on management in Apison, TN. With home values at $533K and rents near $1,179/mo, other strategies can work but produce stable rather than outsized returns.
Are eviction rules reasonable in Apison, TN?
For rental operators, Apison, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 37302 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37302 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 37302 ranks in Chattanooga, TN-GA
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