Real Estate Investing in Monteagle, Tennessee (37356)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37356 (Monteagle, 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: 28.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 36.1 — 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 Monteagle, TN (37356)?
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Market Analysis: 37356 Monteagle
ZIP 37356 inside Marion County looks affordable on the surface — median value of $378K — but the discount exists for reasons that a careful buyer should understand before committing.
Stepping back, the numbers look inviting — $378K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37356 is substantial and deserves full respect.
In the broader TN picture, 37356 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A significant renter share of 30% in 37356 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 37356 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Monteagle:
Market Trends
Home Value History (with trend line)
📊 How Does 37356 Compare?
| Metric | 37356 | Monteagle | Chattanooga, TN-GA | Tennessee |
|---|---|---|---|---|
| Home Value | $378,232 | $378,232 | N/A | $327,001 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37356 (Monteagle, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $378,232 |
| Monthly Rent | $873 |
| Price-to-Rent | 36.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (1.8%). 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 37356
Population: 2,324
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 37356
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
How do home values compare in Monteagle, TN?
The median home value in Monteagle, TN is roughly $378K. That puts it reasonable relative to the TN statewide average.
Is the tenant base reliable in Monteagle, TN?
Monteagle, TN offers a even-keeled renter base at the $873/mo rent level. Tenant turnover is reasonable for well-managed properties.
Does a duplex house hack pencil in Monteagle, TN?
House hacking works a challenging in Monteagle, TN. Rents of $873/mo against $378K acquisition make the strategy solid for owner-occupants.
What is the average monthly rent in Monteagle, TN?
The typical rental in Monteagle, TN commands about $873/mo monthly. That rent profile steady cash flow against the $378K purchase basis.
Are eviction rules reasonable in Monteagle, TN?
Monteagle, TN operates under TN law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
You know 37356 now. You don’t know where it ranks.
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How 37356 ranks in Chattanooga, TN-GA
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