Real Estate Investing in Flag Pond, Tennessee (37657)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37657 (Flag Pond, TN)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 24.7% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Flag Pond, TN (37657)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37657 Flag Pond
Put differently, ZIP 37657 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $263K median. It rewards specialists, not generalists.
The 37657 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 37657 and stronger Flag Pond ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 37657 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
trends 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 Flag Pond:
Market Trends
Home Value History (with trend line)
📊 How Does 37657 Compare?
| Metric | 37657 | Flag Pond | Johnson City, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $262,735 | $262,735 | N/A | $327,001 |
| 5-Year CAGR | N/A | N/A | N/A | 7.7% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 2.7% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37657 (Flag Pond, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $262,735 |
| Monthly Rent | $909 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +8.0% ▲ |
| 3-Year CAGR | +8.9% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 (2.7%). 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 37657
Population: 839
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What kind of market is Flag Pond, TN for investors?
Our data puts Flag Pond, TN at 2.0/5 for investability. Home prices of $263K and rents around $909/mo create a solid backdrop for investor activity.
How landlord-friendly is Flag Pond, TN?
Landlord-friendliness in Flag Pond, TN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How much is rent in Flag Pond, TN?
Rents in Flag Pond, TN run near $909/mo. Compared with median home prices of $263K that produces solid gross yields for typical rentals.
Do rentals sit vacant long in Flag Pond, TN?
Expect elevated vacancy in Flag Pond, TN. Rents at $909/mo are absorbed by the tenant base without meaningful lag.
Are renters plentiful in Flag Pond, TN?
Flag Pond, TN draws a stable base of working renters. Demand at the $909/mo rent level is reasonable for standard single-family and small multi rentals.
You know 37657 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37657 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 37657 ranks in Johnson City, TN
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