Real Estate Investing in Mount Carmel, Tennessee (37645)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37645 (Mount Carmel, 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.
- High price-to-rent: Price-to-rent ratio 25.7 — 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 Mount Carmel, TN (37645)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37645 Mount Carmel
This part of Hawkins County is not an easy win. The 37645 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed markets are won on execution, not on spreadsheets. ZIP 37645 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 37645 and stronger Mount Carmel ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 37645 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
New investors are better served looking at Mount Carmel's stable or hybrid ZIPs before stepping into 37645. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Mount Carmel:
Market Trends
Home Value History (with trend line)
📊 How Does 37645 Compare?
| Metric | 37645 | Mount Carmel | Tennessee |
|---|---|---|---|
| Home Value | $271,504 | $271,504 | $327,001 |
| 5-Year CAGR | 9.0% | 9.0% | 7.7% |
| Avg Rent | $882 | $882 | - |
| Cap Rate | 2.5% | 2.5% | - |
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 37645 (Mount Carmel, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 37645 (Mount Carmel, TN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $271,504 |
| Monthly Rent | $882 |
| Price-to-Rent | 25.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | +8.9% ▲ |
🏠 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 (2.5%). 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 37645
Population: 5,504
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 37645
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.
Frequently Asked Questions
Which real estate strategy fits Mount Carmel, TN?
The best-fit strategy in Mount Carmel, TN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Mount Carmel, TN a friendly market for rental owners?
Mount Carmel, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the typical renter like in Mount Carmel, TN?
Tenant quality in Mount Carmel, TN ranks as solid. Landlords generally report predictable occupancy at market rents of $882/mo.
Does house hacking make sense in Mount Carmel, TN?
House hacking works a challenging in Mount Carmel, TN. Rents of $882/mo against $272K acquisition make the strategy solid for owner-occupants.
Are there empty rentals in Mount Carmel, TN?
Vacancy in Mount Carmel, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $882/mo.
You know 37645 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37645 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37645 ranks in Kingsport-Bristol, TN-VA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 37645 (Mount Carmel)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 37645 (Mount Carmel, TN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.