Real Estate Investing in Afton, Tennessee (37616)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37616 (Afton, 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.
- High vacancy: 13.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.2 — 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 Afton, TN (37616)?
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Market Analysis: 37616 Afton
Not every below-median market is a bargain. Afton's 37616 ZIP sits at signals that favor experienced operators who can absorb the risk $282K pricing implies.
On balance, the numbers look inviting — $282K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37616 is substantial and deserves full respect.
From a cash-flow lens, 37616 offers a low basis, the region around Afton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 37616 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 37616 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 Afton:
Market Trends
Home Value History (with trend line)
📊 How Does 37616 Compare?
| Metric | 37616 | Afton | Tennessee |
|---|---|---|---|
| Home Value | $281,818 | $281,818 | $327,001 |
| 5-Year CAGR | 7.2% | 7.2% | 7.7% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.4% | 2.4% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37616 (Afton, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $281,818 |
| Monthly Rent | $864 |
| Price-to-Rent | 27.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (2.4%). 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 37616
Population: 5,638
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 37616
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
Which real estate strategy fits Afton, TN?
The best-fit strategy in Afton, TN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What do landlords charge for rent in Afton, TN?
Rent in Afton, TN is around $864/mo. The resulting rent-to-value relationship with $282K pricing is reasonable for most investor models.
Do landlords face vacancy issues in Afton, TN?
Rental vacancy in Afton, TN is elevated. Investors should budget normal turnover but not chronic empty units.
Is it easy to find good tenants in Afton, TN?
Tenant demand in Afton, TN is solid. The local workforce $864/mo rents across most rental classes.
Where do home prices stand in Afton, TN?
Afton, TN median home values land near $282K. That is reasonable territory for investors looking at $864/mo-per-month rentals.
You know 37616 now. You don’t know where it ranks.
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