Real Estate Investing in Tellico Plains, Tennessee (37385)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37385 (Tellico Plains, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 27.3% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tellico Plains, TN (37385)?
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Market Analysis: 37385 Tellico Plains
The 37385 ZIP covers a section of Tellico Plains that demands careful diligence. Prices near $255K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 37385 can be a a credible choice for hunting ground — but the discount at $255K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 37385 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 37385 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. substantial returns are possible in 37385, 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 Tellico Plains:
Property Strategy for 37385
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $259,742 | $1,090 | 3.0% | +11.9% | $129,871 |
| 3BR | $313,446 | $1,430 | 3.3% | +12.1% | $104,482 |
Market Trends
Home Value History (with trend line)
📊 How Does 37385 Compare?
| Metric | 37385 | Tellico Plains | Tennessee |
|---|---|---|---|
| Home Value | $254,697 | $254,697 | $327,001 |
| 5-Year CAGR | 5.9% | 5.9% | 7.7% |
| Avg Rent | $981 | $981 | - |
| Cap Rate | 3.0% | 3.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37385 (Tellico Plains, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $254,697 |
| Monthly Rent | $981 |
| Price-to-Rent | 21.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.6% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +10.8% ▲ |
| 3-Year CAGR | +4.8% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +7.5% ▲ |
🏠 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 (3.0%). 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 37385
Population: 8,610
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 37385
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.
Frequently Asked Questions
Is Tellico Plains, TN a good place for real estate investing?
Yes - Tellico Plains, TN a 3.0/5 investability score. With $255K home prices against $981/mo monthly rent, the market delivers a reasonable entry point for new investors.
Does Tellico Plains, TN favor landlords or tenants?
Tellico Plains, TN operates under TN law, which is landlord-friendly overall for landlords. Expect consistent treatment in typical lease and eviction cases.
What is the best play in Tellico Plains, TN?
For Tellico Plains, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Are there empty rentals in Tellico Plains, TN?
Vacancy in Tellico Plains, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $981/mo.
Is Tellico Plains, TN a good market for FHA house hackers?
Tellico Plains, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $255K price point reasonable to enter.
You know 37385 now. You don’t know where it ranks.
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