Real Estate Investing in Elizabethton, Tennessee (37643)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37643 (Elizabethton, 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: 11.3% vacancy may signal weakening demand.
What’s happening in Elizabethton, TN (37643)?
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Market Analysis: 37643 Elizabethton
The 37643 ZIP in Elizabethton, TN is a local-operator market. Outside capital chasing a $236K entry has to pair deep knowledge with the discount.
In practical terms, the numbers look inviting — $236K purchase price, 0.0% nominal cap — the work to hit that pro forma in 37643 is substantial and deserves full respect.
Within TN, ZIP 37643 trails on several market indicators that neighboring Carter County submarkets outperform. The gap is real and durable enough to shape underwriting.
The 37643 ZIP's population of 33,690 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
The 37643 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 Elizabethton:
Property Strategy for 37643
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $190,938 | $1,010 | 3.8% | +11.7% | $95,469 |
| 3BR | $266,824 | $1,260 | 3.4% | +11.2% | $88,941 |
| 4BR | $337,592 | $1,410 | 3.0% | +10.6% | $84,398 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37643 Compare?
| Metric | 37643 | Elizabethton | Johnson City, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $236,372 | $236,372 | N/A | $327,001 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 7.7% |
| Avg Rent | $1,067 | $1,067 | N/A | - |
| Cap Rate | 3.5% | 3.5% | - | - |
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 37643 (Elizabethton, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $236,372 |
| Monthly Rent | $1,067 |
| Price-to-Rent | 18.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (3.5%). 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 37643
Population: 33,690
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 37643
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 2,865 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do rents currently stand in Elizabethton, TN?
Investors in Elizabethton, TN typically see rents near $1,067/mo per month against $236K home values - a solid setup for rental cash flow.
Is it easy to find good tenants in Elizabethton, TN?
The renter base in Elizabethton, TN is reasonable for the $1,067/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
What is the best play in Elizabethton, TN?
Elizabethton, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($236K prices, $1,067/mo rents) make it a reasonable choice.
What are vacancy rates like in Elizabethton, TN?
Elizabethton, TN sees elevated vacancy, which is reasonable relative to the broader TN rental market.
What does house hacking look like in Elizabethton, TN?
For house hackers, Elizabethton, TN is a challenging. The $1,067/mo rent on a unit helps defray the mortgage on a $236K property.
You know 37643 now. You don’t know where it ranks.
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How 37643 ranks in Johnson City, TN
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