Real Estate Investing in Elora, Tennessee (37328)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37328 (Elora, 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: 15.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.5 — 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 Elora, TN (37328)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37328 Elora
The 37328 ZIP covers a section of Elora that demands careful diligence. Prices near $272K look accessible, but the work to make a deal cash flow is real.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37328 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 37328 and stronger Elora ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 37328 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. sturdy returns are possible in 37328, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Elora:
Market Trends
Home Value History (with trend line)
📊 How Does 37328 Compare?
| Metric | 37328 | Elora | Tennessee |
|---|---|---|---|
| Home Value | $271,986 | $271,986 | $327,001 |
| 5-Year CAGR | 7.0% | 7.0% | 7.7% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 37328 (Elora, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 37328 (Elora, TN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $271,986 |
| Monthly Rent | $855 |
| Price-to-Rent | 26.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +9.2% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 (2.5%). 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 37328
Population: 1,698
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What type of investing works in Elora, TN?
A careful cash-flow rentals with hands-on management strategy Elora, TN best. The market produces consistent results for that approach at the $272K price point.
What is the renter demographic in Elora, TN?
Tenant quality in Elora, TN ranks as solid. Landlords generally report reliable occupancy at market rents of $855/mo.
What are home prices like in Elora, TN?
The median home value in Elora, TN is roughly $272K. That puts it reasonable relative to the TN statewide average.
Is Elora, TN a good market for buy-and-hold investors?
Our data puts Elora, TN at 3.0/5 for investability. Home prices of $272K and rents around $855/mo create a solid backdrop for investor activity.
Can I live-in-and-rent in Elora, TN?
The house hack math a challenging in Elora, TN. Owner-occupant buyers benefit from the $855/mo rents and $272K home values.
You know 37328 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37328 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.
AI Market Advisor
Ask questions about investing in 37328 (Elora)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 37328 (Elora, TN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.