Real Estate Investing in Bristol, Tennessee (37620)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37620 (Bristol, 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.
- Elevated vacancy: 10.2% vacancy may signal weakening demand.
What’s happening in Bristol, TN (37620)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37620 Bristol
ZIP 37620 inside Sullivan County looks affordable on the surface — median value of $233K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 37620 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Bristol have seen price recovery that 37620 has not matched. Sullivan County data supports the view that the spread is structural rather than temporary.
The 37620 ZIP's population of 38,330 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
Experienced landlords with local relationships tend to find 37620 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 Bristol:
Property Strategy for 37620
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $177,656 | $1,090 | 4.4% | +12.5% | $88,828 |
| 3BR | $265,083 | $1,400 | 3.8% | +10.7% | $88,361 |
| 4BR | $356,146 | $1,530 | 3.1% | +10.2% | $89,036 |
| 5BR | $481,932 | — | — | +10.0% | $96,386 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37620 Compare?
| Metric | 37620 | Bristol | Tennessee |
|---|---|---|---|
| Home Value | $233,446 | $233,446 | $327,001 |
| 5-Year CAGR | 7.0% | 7.0% | 7.7% |
| Avg Rent | $1,393 | $1,393 | - |
| Cap Rate | 4.7% | 4.7% | - |
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 37620 (Bristol, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $233,446 |
| Monthly Rent | $1,393 |
| Price-to-Rent | 14.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.2% |
| Cap Rate | 4.7% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | +14.5% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.7%). 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 37620
Population: 38,330
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 37620
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 1,366 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are homes affordable in Bristol, TN?
Bristol, TN home values average about $233K. That price point suits investors targeting rentals with $1,393/mo in monthly income.
How quickly do rentals get leased in Bristol, TN?
Vacancy risk in Bristol, TN is elevated. That supports consistent cash flow for typical rental holds.
What is the smart move for investors in Bristol, TN?
Most investors in Bristol, TN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is Bristol, TN a friendly market for rental owners?
For rental operators, Bristol, TN rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is the tenant base reliable in Bristol, TN?
Tenant demand in Bristol, TN is solid. The local workforce $1,393/mo rents across most rental classes.
You know 37620 now. You don’t know where it ranks.
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How 37620 ranks in Kingsport-Bristol, TN-VA
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