Real Estate Investing in Riceville, Tennessee (37370)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37370 (Riceville, 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.
- Elevated vacancy: 9.8% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 30.4 — 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 Riceville, TN (37370)?
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Market Analysis: 37370 Riceville
ZIP 37370 inside McMinn County looks affordable on the surface — median value of $306K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $306K asset, 37370 is the wrong submarket. If the plan prices in friction, the yield can still work.
Regionally, 37370 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 37370 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 37370 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 Riceville:
Market Trends
Home Value History (with trend line)
📊 How Does 37370 Compare?
| Metric | 37370 | Riceville | Athens, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $305,788 | $305,788 | N/A | $327,001 |
| 5-Year CAGR | 5.2% | 5.2% | N/A | 7.7% |
| Avg Rent | $837 | $837 | 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 37370 (Riceville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,788 |
| Monthly Rent | $837 |
| Price-to-Rent | 30.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 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 37370
Population: 5,244
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 37370
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
Investor Insight: With 1,281 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Riceville, TN?
Expect rents around $837/mo per month in Riceville, TN. With home values at $306K, the yield math works out to reasonable levels for rental investors.
Which investment style suits Riceville, TN?
Most investors in Riceville, TN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Are homes affordable in Riceville, TN?
Expect median prices around $306K in Riceville, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
How high is vacancy risk in Riceville, TN?
Riceville, TN sees elevated vacancy, which is reasonable relative to the broader TN rental market.
Is Riceville, TN good for landlords?
Riceville, TN operates under TN law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 37370 now. You don’t know where it ranks.
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How 37370 ranks in Athens, TN
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