Real Estate Investing in Tullahoma, Tennessee (37388)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37388 (Tullahoma, TN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
What’s happening in Tullahoma, TN (37388)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37388 Tullahoma
ZIP 37388 inside Coffee County looks affordable on the surface — median value of $299K — 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 $299K asset, 37388 is the wrong submarket. If the plan prices in friction, the yield can still work.
On the rental side, 37388 offers a low basis, the region around Tullahoma has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A durable renter share of 32% in 37388 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Tullahoma:
Property Strategy for 37388
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $189,173 | $960 | 3.7% | +13.5% | $94,587 |
| 3BR | $294,369 | $1,290 | 3.2% | +11.2% | $98,123 |
| 4BR | $431,425 | $1,370 | 2.3% | +10.8% | $107,856 |
| 5BR | $516,832 | — | — | +10.9% | $103,366 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37388 Compare?
| Metric | 37388 | Tullahoma | Tullahoma-Manchester, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $299,482 | $299,482 | N/A | $327,001 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.7% |
| Avg Rent | $1,533 | $1,533 | N/A | - |
| Cap Rate | 4.0% | 4.0% | - | - |
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 37388 (Tullahoma, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $299,482 |
| Monthly Rent | $1,533 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +8.7% ▲ |
🏠 Rent Trends
| 1-Year | +14.8% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 37388
Population: 27,340
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 37388
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 1,563 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Tullahoma, TN?
Typical homes in Tullahoma, TN go for around $299K. The 5-year CAGR of 0.0% steady price movement.
What strategy should investors use in Tullahoma, TN?
Tullahoma, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($299K prices, $1,533/mo rents) make it a reasonable choice.
How strong are rents in Tullahoma, TN?
Rents in Tullahoma, TN run near $1,533/mo. Compared with median home prices of $299K that produces solid gross yields for typical rentals.
Is rental property easy to operate in Tullahoma, TN?
Tullahoma, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How tight is the rental market in Tullahoma, TN?
Occupancy in Tullahoma, TN runs measured with elevated vacancy. Well-priced units at $1,533/mo lease on reasonable timelines.
You know 37388 now. You don’t know where it ranks.
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How 37388 ranks in Tullahoma-Manchester, TN
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