Real Estate Investing in Sherwood, Tennessee (37376)
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Should you buy in 37376 (Sherwood, 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: 23.7% of homes vacant — above national norms.
- Lower household income: $2,499 median — tenant affordability is tighter.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Sherwood, TN (37376)?
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Market Analysis: 37376 Sherwood
This part of Franklin County is not an easy win. The 37376 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $203K asset, 37376 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 37376's metrics run below Franklin County'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 66% in 37376 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. solid returns are possible in 37376, 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 Sherwood:
Market Trends
Home Value History (with trend line)
📊 How Does 37376 Compare?
| Metric | 37376 | Sherwood | Tullahoma-Manchester, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $202,542 | $202,542 | N/A | $327,001 |
| 5-Year CAGR | N/A | N/A | N/A | 7.7% |
| Avg Rent | $990 | $990 | N/A | - |
| Cap Rate | 3.8% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37376 (Sherwood, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $202,542 |
| Monthly Rent | $990 |
| Price-to-Rent | 17.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 4.6% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +0.8% ▲ |
| 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 (3.8%). 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 37376
Population: 342
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
Frequently Asked Questions
What are rental rates like in Sherwood, TN?
Sherwood, TN rentals go for roughly $990/mo a month. That puts gross yield in solid territory relative to $203K acquisition costs.
What are home prices like in Sherwood, TN?
Homes in Sherwood, TN typically sell near $203K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
How does Sherwood, TN rate as a rental market?
Our data puts Sherwood, TN at 2.0/5 for investability. Home prices of $203K and rents around $990/mo create a solid backdrop for investor activity.
Are there empty rentals in Sherwood, TN?
Vacancy risk in Sherwood, TN is elevated. That supports reliable cash flow for typical rental holds.
Are landlord laws favorable in Sherwood, TN?
Sherwood, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 37376 now. You don’t know where it ranks.
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How 37376 ranks in Tullahoma-Manchester, TN
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