Real Estate Investing in Kelso, Tennessee (37348)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37348 (Kelso, 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: 14.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.8 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Kelso, TN (37348)?
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Market Analysis: 37348 Kelso
The 37348 ZIP covers a section of Kelso that demands careful diligence. Prices near $262K look accessible, but the work to make a deal cash flow is real.
The 37348 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Kelso have seen price recovery that 37348 has not matched. Lincoln County data supports the view that the spread is structural rather than temporary.
Resident income in 37348 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 37348 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Kelso:
Market Trends
Home Value History (with trend line)
📊 How Does 37348 Compare?
| Metric | 37348 | Kelso | Tennessee |
|---|---|---|---|
| Home Value | $262,303 | $262,303 | $327,001 |
| 5-Year CAGR | 7.5% | 7.5% | 7.7% |
| Avg Rent | $846 | $846 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37348 (Kelso, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,303 |
| Monthly Rent | $846 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +8.8% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +7.5% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 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 (2.5%). 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 37348
Population: 876
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
What is the typical vacancy rate in Kelso, TN?
Occupancy in Kelso, TN runs stable with elevated vacancy. Well-priced units at $846/mo lease on reasonable timelines.
What type of investing works in Kelso, TN?
Investors usually favor careful cash-flow rentals with hands-on management in Kelso, TN. With home values at $262K and rents near $846/mo, other strategies can work but produce stable rather than outsized returns.
Is Kelso, TN a good market for buy-and-hold investors?
Our data puts Kelso, TN at 3.0/5 for investability. Home prices of $262K and rents around $846/mo create a solid backdrop for investor activity.
Is Kelso, TN landlord-friendly?
TN ranks as a landlord-friendly state for landlord-tenant law. Kelso generally follows the statewide framework, so landlords face reasonable operating rules.
How much rent can I charge in Kelso, TN?
Kelso, TN rentals go for roughly $846/mo a month. That puts gross yield in solid territory relative to $262K acquisition costs.
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