Real Estate Investing in Manchester, Tennessee (37355)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37355 (Manchester, 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 vacancy: 8.9% vacancy may signal weakening demand.
What’s happening in Manchester, TN (37355)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37355 Manchester
Investors eyeing 37355 need to respect the fundamentals at play. Home values of $327K come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $327K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37355 is substantial and deserves full respect.
Regionally, 37355 sits on the difficult end of the TN spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 37355 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 37355 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 Manchester:
Property Strategy for 37355
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $202,610 | $970 | 3.4% | +12.1% | $101,305 |
| 3BR | $325,870 | $1,300 | 2.9% | +10.4% | $108,623 |
| 4BR | $415,764 | $1,400 | 2.4% | +10.4% | $103,941 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37355 Compare?
| Metric | 37355 | Manchester | Tullahoma-Manchester, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $327,028 | $327,028 | N/A | $327,001 |
| 5-Year CAGR | 6.5% | 6.5% | N/A | 7.7% |
| Avg Rent | $1,516 | $1,516 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37355 (Manchester, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $327,028 |
| Monthly Rent | $1,516 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +3.6% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 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 (3.6%). 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 37355
Population: 29,810
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 37355
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
What is the average home sale price in Manchester, TN?
Expect median prices around $327K in Manchester, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
How qualified is the tenant pool in Manchester, TN?
Expect a solid tenant pool in Manchester, TN. The rental market absorbs $1,516/mo rents without meaningful friction.
Is Manchester, TN a good market for buy-and-hold investors?
Our data puts Manchester, TN at 3.0/5 for investability. Home prices of $327K and rents around $1,516/mo create a solid backdrop for investor activity.
Is house hacking profitable in Manchester, TN?
House hacking in Manchester, TN is reasonable to execute. Prices around $327K and rents of $1,516/mo solid owner-occupant economics.
What is it like being a landlord in Manchester, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Manchester generally follows the statewide framework, so landlords face reasonable operating rules.
You know 37355 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37355 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 37355 ranks in Tullahoma-Manchester, TN
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