Real Estate Investing in Palmer, Tennessee (37365)
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Should you buy in 37365 (Palmer, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 14.6% of homes vacant — above national norms.
- Elevated poverty: 22.4% poverty rate — can affect rent collection.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Palmer, TN (37365)?
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Market Analysis: 37365 Palmer
Investors eyeing 37365 need to respect the fundamentals at play. Home values of $150K come alongside slower price movement and elevated management overhead.
On balance, the numbers look inviting — $150K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37365 is substantial and deserves full respect.
ZIP 37365's metrics run below Grundy's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A solid renter share of 8% in 37365 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Palmer's stable or hybrid ZIPs before stepping into 37365. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Palmer:
Market Trends
Home Value History (with trend line)
📊 How Does 37365 Compare?
| Metric | 37365 | Palmer | Tennessee |
|---|---|---|---|
| Home Value | $150,258 | $150,258 | $327,001 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 4.5% | 4.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37365 (Palmer, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $150,258 |
| Monthly Rent | $873 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 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 (4.5%). 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 37365
Population: 1,729
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
Frequently Asked Questions
How strong is Palmer, TN for real estate investors?
Palmer, TN rates 2.0/5 for investability. With median values at $150K and rents near $873/mo, the market offers reasonable fundamentals for rental investors.
Do landlords face vacancy issues in Palmer, TN?
Rental vacancy in Palmer, TN is elevated. Investors should budget normal turnover but not chronic empty units.
What is the average home sale price in Palmer, TN?
Expect median prices around $150K in Palmer, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
What is the best play in Palmer, TN?
For Palmer, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What do landlords charge for rent in Palmer, TN?
Expect rents around $873/mo per month in Palmer, TN. With home values at $150K, the yield math works out to reasonable levels for rental investors.
You know 37365 now. You don’t know where it ranks.
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