Real Estate Investing in Tracy City, Tennessee (37387)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37387 (Tracy City, 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: 14.5% 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 Tracy City, TN (37387)?
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Market Analysis: 37387 Tracy City
ZIP 37387 inside Grundy County looks affordable on the surface — median value of $188K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 37387 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Put differently, 37387 offers a low basis, the region around Tracy City has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 37387 includes headwinds that any investor should price in. Income distribution skews lower than Tracy City averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 37387 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Tracy City:
Market Trends
Home Value History (with trend line)
📊 How Does 37387 Compare?
| Metric | 37387 | Tracy City | Chattanooga, TN-GA | Tennessee |
|---|---|---|---|---|
| Home Value | $188,209 | $188,209 | N/A | $327,001 |
| 5-Year CAGR | 4.6% | 4.6% | N/A | 7.7% |
| Avg Rent | $873 | $873 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37387 (Tracy City, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $188,209 |
| Monthly Rent | $873 |
| Price-to-Rent | 18.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | -1.1% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.6%). 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 37387
Population: 3,982
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 37387
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
How much should I expect to pay for a home in Tracy City, TN?
Typical homes in Tracy City, TN go for around $188K. The 5-year CAGR of 0.0% consistent price movement.
What do landlords charge for rent in Tracy City, TN?
Rent in Tracy City, TN is around $873/mo. The resulting rent-to-value relationship with $188K pricing is reasonable for most investor models.
What strategy should investors use in Tracy City, TN?
A careful cash-flow rentals with hands-on management strategy Tracy City, TN best. The market produces steady results for that approach at the $188K price point.
Is house hacking profitable in Tracy City, TN?
House hacking works a challenging in Tracy City, TN. Rents of $873/mo against $188K acquisition make the strategy solid for owner-occupants.
How strong is the working-renter base in Tracy City, TN?
Tenant demand in Tracy City, TN is solid. The local workforce $873/mo rents across most rental classes.
You know 37387 now. You don’t know where it ranks.
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How 37387 ranks in Chattanooga, TN-GA
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