Real Estate Investing in Pelham, Tennessee (37366)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37366 (Pelham, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Elevated vacancy: 10.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Pelham, TN (37366)?
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Market Analysis: 37366 Pelham
The 37366 ZIP covers a section of Pelham that demands careful diligence. Prices near $236K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 37366 shows the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Within TN, ZIP 37366 trails on several market indicators that neighboring Grundy County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Employment concentration in 37366 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. substantial returns are possible in 37366, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Pelham:
Market Trends
Home Value History (with trend line)
📊 How Does 37366 Compare?
| Metric | 37366 | Pelham | Tennessee |
|---|---|---|---|
| Home Value | $235,710 | $235,710 | $327,001 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $1,044 | $1,044 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37366 (Pelham, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $235,710 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +8.3% ▲ |
| 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 (3.5%). 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 37366
Population: 1,041
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 37366
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 do landlords charge for rent in Pelham, TN?
Expect rents around $1,044/mo per month in Pelham, TN. With home values at $236K, the yield math works out to reasonable levels for rental investors.
How deep is the rental pool in Pelham, TN?
The tenant pool in Pelham, TN is solid, supported by local employment and population fundamentals. Rents of $1,044/mo are well-absorbed by the market.
Are there empty rentals in Pelham, TN?
Pelham, TN sees elevated vacancy, which is reasonable relative to the broader TN rental market.
What is the best play in Pelham, TN?
Pelham, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($236K prices, $1,044/mo rents) make it a reasonable choice.
What price range are homes in Pelham, TN?
The median home value in Pelham, TN is roughly $236K. That puts it reasonable relative to the TN statewide average.
You know 37366 now. You don’t know where it ranks.
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