Real Estate Investing in Jasper, Tennessee (37347)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37347 (Jasper, 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: 12.4% 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 Jasper, TN (37347)?
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Market Analysis: 37347 Jasper
Not every below-median market is a bargain. Jasper's 37347 ZIP records signals that favor experienced operators who can absorb the risk $279K pricing implies.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $279K asset, 37347 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 37347 and stronger Jasper ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 37347 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Strategy in 37347 is an operator game, not a passive one. From an investor standpoint, entry prices of $279K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Jasper:
Market Trends
Home Value History (with trend line)
📊 How Does 37347 Compare?
| Metric | 37347 | Jasper | Chattanooga, TN-GA | Tennessee |
|---|---|---|---|---|
| Home Value | $279,453 | $279,453 | N/A | $327,001 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 7.7% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37347 (Jasper, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $279,453 |
| Monthly Rent | $990 |
| Price-to-Rent | 23.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 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 (2.8%). 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 37347
Population: 8,555
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 37347
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.
Frequently Asked Questions
What is the investability score for Jasper, TN?
Yes - Jasper, TN a 3.0/5 investability score. With $279K home prices against $990/mo monthly rent, the market delivers a reasonable entry point for new investors.
How quickly do rentals get leased in Jasper, TN?
Vacancy risk in Jasper, TN is elevated. That supports consistent cash flow for typical rental holds.
What is the typical renter like in Jasper, TN?
Jasper, TN offers a stable renter base at the $990/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is Jasper, TN good for house hacking?
The house hack math a challenging in Jasper, TN. Owner-occupant buyers benefit from the $990/mo rents and $279K home values.
What are rental rates like in Jasper, TN?
Average rent in Jasper, TN is approximately $990/mo per month. Against $279K home values that yields a reasonable rent-to-price ratio.
You know 37347 now. You don’t know where it ranks.
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How 37347 ranks in Chattanooga, TN-GA
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