Real Estate Investing in Harrison, Tennessee (37341)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37341 (Harrison, TN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Harrison, TN (37341)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37341 Harrison
ZIP 37341 inside Hamilton County looks affordable on the surface — median value of $342K — but the discount exists for reasons that a careful buyer should understand before committing.
For an experienced owner, 37341 can be a a solid fit for hunting ground — but the discount at $342K reflects genuine risk that outside investors often underestimate.
In the broader TN picture, 37341 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A sturdy renter share of 20% in 37341 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 37341 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 Harrison:
Property Strategy for 37341
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $262,940 | $1,510 | 4.1% | +10.2% | $131,470 |
| 3BR | $336,064 | $1,880 | 4.0% | +9.1% | $112,021 |
| 4BR | $423,238 | $2,010 | 3.4% | +9.0% | $105,809 |
Market Trends
Home Value History (with trend line)
📊 How Does 37341 Compare?
| Metric | 37341 | Harrison | Chattanooga, TN-GA | Tennessee |
|---|---|---|---|---|
| Home Value | $341,600 | $341,600 | N/A | $327,001 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 7.7% |
| Avg Rent | $1,359 | $1,359 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 37341 (Harrison, TN). Anonymous, moderated, never written by AI.
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Property managers serving Hamilton County
Manage rentals here? List your business →Greyhaven Realty Management Co. offers property management, brokerage, rehab, construction, leasing, and maintenance services in Chattanooga for single-family and multi-family properties. summary from their website
Doorby Property Management offers property management services in Chattanooga. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $341,600 |
| Monthly Rent | $1,359 |
| Price-to-Rent | 21.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +7.0% ▲ |
🏠 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 (3.1%). 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 37341
Population: 14,966
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 37341
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
Investor Insight: With 3,423 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Harrison, TN?
The 3.0/5 investability rating in Harrison, TN reflects its $342K prices and $1,359/mo rents. Investors generally consider it a solid option within TN.
Where do rents currently stand in Harrison, TN?
Investors in Harrison, TN typically see rents near $1,359/mo per month against $342K home values - a solid setup for rental cash flow.
Do rentals sit vacant long in Harrison, TN?
Rental vacancy in Harrison, TN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the renter demographic in Harrison, TN?
Tenant quality in Harrison, TN ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,359/mo.
How should investors approach Harrison, TN?
In Harrison, TN the notable play is typically careful cash-flow rentals with hands-on management. The combination of $342K prices and $1,359/mo rents suits that approach.
You know 37341 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37341 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.
How 37341 ranks in Chattanooga, TN-GA
Every ZIP in this metro, ranked. Free.
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