Real Estate Investing in Decatur, Tennessee (37322)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37322 (Decatur, 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.
- Elevated vacancy: 8.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.3 — 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 Decatur, TN (37322)?
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Market Analysis: 37322 Decatur
Meanwhile, ZIP 37322 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $284K median. It rewards specialists, not generalists.
For an experienced owner, 37322 can be a a strong candidate for hunting ground — but the discount at $284K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 37322 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 37322 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Decatur:
Property Strategy for 37322
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $255,131 | $930 | 2.6% | +10.5% | $127,565 |
| 3BR | $320,176 | $1,220 | 2.7% | +10.9% | $106,725 |
Market Trends
Home Value History (with trend line)
📊 How Does 37322 Compare?
| Metric | 37322 | Decatur | Tennessee |
|---|---|---|---|
| Home Value | $283,705 | $283,705 | $327,001 |
| 5-Year CAGR | 6.2% | 6.2% | 7.7% |
| Avg Rent | $837 | $837 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 37322 (Decatur, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $283,705 |
| Monthly Rent | $837 |
| Price-to-Rent | 28.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.5% |
📈 Home Appreciation
| 1-Year | +8.4% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 37322
Population: 8,509
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 37322
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
Is Decatur, TN a good market for buy-and-hold investors?
Our data puts Decatur, TN at 3.0/5 for investability. Home prices of $284K and rents around $837/mo create a solid backdrop for investor activity.
What do landlords charge for rent in Decatur, TN?
Rent in Decatur, TN is around $837/mo. The resulting rent-to-value relationship with $284K pricing is reasonable for most investor models.
Should investors worry about vacancy in Decatur, TN?
Vacancy in Decatur, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $837/mo.
Can I house hack in Decatur, TN?
Decatur, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $284K price point reasonable to enter.
What is the renter demographic in Decatur, TN?
Tenant quality in Decatur, TN ranks as solid. Landlords generally report stable occupancy at market rents of $837/mo.
You know 37322 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37322 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.
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Community Ratings
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