Real Estate Investing in Hillsboro, Tennessee (37342)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37342 (Hillsboro, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated poverty: 22.9% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 32.7 — 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 Hillsboro, TN (37342)?
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Market Analysis: 37342 Hillsboro
Stepping back, ZIP 37342 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $328K median. It rewards specialists, not generalists.
Turning to rents, the numbers look inviting — $328K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37342 is substantial and deserves full respect.
Regionally, 37342 sits on the difficult end of the TN spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Employment concentration in 37342 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 37342 is an operator game, not a passive one. Meanwhile, entry prices of $328K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Hillsboro:
Market Trends
Home Value History (with trend line)
📊 How Does 37342 Compare?
| Metric | 37342 | Hillsboro | Tullahoma-Manchester, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $328,486 | $328,486 | N/A | $327,001 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.7% |
| Avg Rent | $837 | $837 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37342 (Hillsboro, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $328,486 |
| Monthly Rent | $837 |
| Price-to-Rent | 32.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (2.0%). 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 37342
Population: 3,759
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 37342
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
Is the tenant base reliable in Hillsboro, TN?
Hillsboro, TN offers a even-keeled renter base at the $837/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is real estate in Hillsboro, TN a good investment right now?
Investors tracking Hillsboro, TN will find a 3.0/5 rating supported by $328K median home values and $837/mo rents. That profile suits long-term holders targeting predictable returns.
Are homes affordable in Hillsboro, TN?
Expect median prices around $328K in Hillsboro, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Is Hillsboro, TN landlord-friendly?
Landlord-friendliness in Hillsboro, TN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the rental occupancy rate in Hillsboro, TN?
Expect elevated vacancy in Hillsboro, TN. Rents at $837/mo are absorbed by the tenant base without meaningful lag.
You know 37342 now. You don’t know where it ranks.
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How 37342 ranks in Tullahoma-Manchester, TN
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