Real Estate Investing in Decherd, Tennessee (37324)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37324 (Decherd, 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: 11.5% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Decherd, TN (37324)?
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Market Analysis: 37324 Decherd
The 37324 ZIP covers a section of Decherd that demands careful diligence. Prices near $258K look accessible, but the work to make a deal cash flow is real.
The 37324 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader TN picture, 37324 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 37324 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 37324 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 Decherd:
Market Trends
Home Value History (with trend line)
📊 How Does 37324 Compare?
| Metric | 37324 | Decherd | Tullahoma-Manchester, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $258,175 | $258,175 | N/A | $327,001 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.7% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37324 (Decherd, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $258,175 |
| Monthly Rent | $864 |
| Price-to-Rent | 24.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 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 (2.6%). 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 37324
Population: 5,168
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 37324
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
What kind of market is Decherd, TN for investors?
Decherd, TN scores 3.0/5 for investability. Home values sit at $258K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How strong are rents in Decherd, TN?
Rent in Decherd, TN is around $864/mo. The resulting rent-to-value relationship with $258K pricing is reasonable for most investor models.
What are vacancy rates like in Decherd, TN?
Decherd, TN carries elevated vacancy risk. Expect consistent absorption at market rents of $864/mo.
Are renters plentiful in Decherd, TN?
Expect a solid tenant pool in Decherd, TN. The rental market absorbs $864/mo rents without meaningful friction.
What investment strategy works best in Decherd, TN?
Investors usually favor careful cash-flow rentals with hands-on management in Decherd, TN. With home values at $258K and rents near $864/mo, other strategies can work but produce stable rather than outsized returns.
You know 37324 now. You don’t know where it ranks.
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How 37324 ranks in Tullahoma-Manchester, TN
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