Real Estate Investing in Mulberry, Tennessee (37359)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37359 (Mulberry, TN)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 13.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 31.4 — 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 Mulberry, TN (37359)?
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Market Analysis: 37359 Mulberry
Not every below-median market is a bargain. Mulberry's 37359 ZIP sits at signals that favor experienced operators who can absorb the risk $319K pricing implies.
The investment case in 37359 is robust only for operators who understand what they are buying. A $319K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within TN, ZIP 37359 trails on several market indicators that neighboring Lincoln County submarkets outperform. The gap is real and solid enough to shape underwriting.
The 37359 ZIP's population of 1,044 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Mulberry:
Market Trends
Home Value History (with trend line)
📊 How Does 37359 Compare?
| Metric | 37359 | Mulberry | Tullahoma-Manchester, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $318,742 | $318,742 | N/A | $327,001 |
| 5-Year CAGR | N/A | N/A | N/A | 7.7% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.1% | 2.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37359 (Mulberry, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $318,742 |
| Monthly Rent | $846 |
| Price-to-Rent | 31.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (2.1%). 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 37359
Population: 1,044
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
Investor Insight: With 1,563 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the rental occupancy rate in Mulberry, TN?
Rental vacancy in Mulberry, TN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the average monthly rent in Mulberry, TN?
Investors in Mulberry, TN typically see rents near $846/mo per month against $319K home values - a solid setup for rental cash flow.
Is Mulberry, TN a friendly market for rental owners?
Rental owners in Mulberry, TN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What is the smart move for investors in Mulberry, TN?
A careful cash-flow rentals with hands-on management strategy Mulberry, TN best. The market produces measured results for that approach at the $319K price point.
Should investors consider Mulberry, TN?
Mulberry, TN registers an investability rating of 2.0/5, with median home values near $319K and average rents around $846/mo. That combination puts it in the robust tier for investor interest.
You know 37359 now. You don’t know where it ranks.
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How 37359 ranks in Tullahoma-Manchester, TN
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