Real Estate Investing in Sale Creek, Tennessee (37338)
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Should you buy in 37338 (Sale Creek, 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: 13.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Sale Creek, TN (37338)?
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Market Analysis: 37338 Sale Creek
This part of Bledsoe County is not an easy win. The 37338 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37338 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Sale Creek have seen price recovery that 37338 has not matched. Bledsoe County data supports the view that the spread is structural rather than temporary.
Employment concentration in 37338 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 37338 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 Sale Creek:
Market Trends
Home Value History (with trend line)
📊 How Does 37338 Compare?
| Metric | 37338 | Sale Creek | Chattanooga, TN-GA | Tennessee |
|---|---|---|---|---|
| Home Value | $259,653 | $285,314 | N/A | $327,001 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.7% |
| Avg Rent | $909 | $1,107 | N/A | - |
| Cap Rate | 2.7% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37338 (Sale Creek, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $259,653 |
| Monthly Rent | $909 |
| Price-to-Rent | 23.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +12.6% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 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 (2.7%). 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 37338
Population: 2,991
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
How much does a house cost in Sale Creek, TN?
Homes in Sale Creek, TN typically sell near $260K. Prices have moved at a 0.0% 5-year CAGR, which steady long-term demand.
How much rent can I charge in Sale Creek, TN?
Sale Creek, TN rentals go for roughly $909/mo a month. That puts gross yield in solid territory relative to $260K acquisition costs.
How strict are landlord regulations in Sale Creek, TN?
Sale Creek, TN operates under TN law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
What is the smart move for investors in Sale Creek, TN?
Most investors in Sale Creek, TN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How qualified is the tenant pool in Sale Creek, TN?
The tenant pool in Sale Creek, TN is solid, supported by local employment and population fundamentals. Rents of $909/mo are well-absorbed by the market.
You know 37338 now. You don’t know where it ranks.
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How 37338 ranks in Chattanooga, TN-GA
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