Real Estate Investing in Evensville, Tennessee (37332)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37332 (Evensville, 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: 14.4% of homes vacant — above national norms.
- Higher unemployment: 10.9% unemployment — tenant risk signal.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Evensville, TN (37332)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37332 Evensville
Stepping back, ZIP 37332 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $260K median. It rewards specialists, not generalists.
The 37332 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within TN, ZIP 37332 trails on several market indicators that neighboring Rhea County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Employment concentration in 37332 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Experienced landlords with local relationships tend to find 37332 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 Evensville:
Market Trends
Home Value History (with trend line)
📊 How Does 37332 Compare?
| Metric | 37332 | Evensville | Dayton, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $259,522 | $259,522 | N/A | $327,001 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 7.7% |
| Avg Rent | $1,251 | $1,251 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
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 37332 (Evensville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $259,522 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 17.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 (3.8%). 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 37332
Population: 2,123
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 37332
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 are rental rates like in Evensville, TN?
Rental rates in Evensville, TN average $1,251/mo. Tenant demand and $260K home values make the yield look reasonable by investor standards.
How high is vacancy risk in Evensville, TN?
Evensville, TN carries elevated vacancy risk. Expect even-keeled absorption at market rents of $1,251/mo.
How strong is Evensville, TN for real estate investors?
Evensville, TN scores 3.0/5 for investability. Home values sit at $260K and rents near $1,251/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Can owner-occupants cash flow in Evensville, TN?
Evensville, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $260K price point reasonable to enter.
How do experienced investors play Evensville, TN?
The best-fit strategy in Evensville, TN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 37332 now. You don’t know where it ranks.
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