Real Estate Investing in Dayton, Tennessee (37321)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37321 (Dayton, 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: 13.8% of homes vacant — above national norms.
What’s happening in Dayton, TN (37321)?
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Market Analysis: 37321 Dayton
This part of Rhea County is not an easy win. The 37321 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 37321 can be a worth a close look for hunting ground — but the discount at $267K reflects genuine risk that outside investors often underestimate.
The gap between 37321 and stronger Dayton ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The demographic picture in 37321 includes headwinds that any investor should price in. Income distribution skews lower than Dayton averages, and tenant stability requires active management.
The right play in 37321 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Dayton:
Property Strategy for 37321
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $193,433 | $930 | 3.5% | +11.3% | $96,716 |
| 3BR | $289,613 | $1,230 | 3.1% | +11.0% | $96,538 |
| 4BR | $364,549 | $1,360 | 2.7% | +9.3% | $91,137 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37321 Compare?
| Metric | 37321 | Dayton | Dayton, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $266,753 | $266,753 | N/A | $327,001 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.7% |
| Avg Rent | $1,100 | $1,100 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
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 37321 (Dayton, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $266,753 |
| Monthly Rent | $1,100 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 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 (3.2%). 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 37321
Population: 20,670
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 37321
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
Frequently Asked Questions
Can I live-in-and-rent in Dayton, TN?
House hacking works a challenging in Dayton, TN. Rents of $1,100/mo against $267K acquisition make the strategy solid for owner-occupants.
What is the renter demographic in Dayton, TN?
The tenant pool in Dayton, TN is solid, supported by local employment and population fundamentals. Rents of $1,100/mo are well-absorbed by the market.
Are landlord laws favorable in Dayton, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Dayton generally follows the statewide framework, so landlords face reasonable operating rules.
Is Dayton, TN better for rentals, flips, or BRRRR?
Investors usually favor careful cash-flow rentals with hands-on management in Dayton, TN. With home values at $267K and rents near $1,100/mo, other strategies can work but produce consistent rather than outsized returns.
What are home prices like in Dayton, TN?
Typical homes in Dayton, TN go for around $267K. The 5-year CAGR of 0.0% reliable price movement.
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