Real Estate Investing in Jonesborough, Tennessee (37659)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37659 (Jonesborough, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
What’s happening in Jonesborough, TN (37659)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37659 Jonesborough
The 37659 ZIP covers a section of Jonesborough that demands careful diligence. Prices near $344K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 37659 can be a worth a close look for hunting ground — but the discount at $344K reflects genuine risk that outside investors often underestimate.
In the broader TN picture, 37659 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A solid renter share of 19% in 37659 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. notable returns are possible in 37659, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Jonesborough:
Property Strategy for 37659
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $240,511 | $1,300 | 3.9% | +11.4% | $120,255 |
| 3BR | $348,728 | $1,610 | 3.3% | +10.3% | $116,243 |
| 4BR | $434,435 | $1,780 | 3.0% | +10.2% | $108,609 |
| 5BR | $699,042 | — | — | +11.1% | $139,808 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37659 Compare?
| Metric | 37659 | Jonesborough | Johnson City, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $344,383 | $344,383 | N/A | $327,001 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 7.7% |
| Avg Rent | $1,628 | $1,628 | N/A | - |
| Cap Rate | 3.7% | 3.7% | - | - |
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 37659 (Jonesborough, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $344,383 |
| Monthly Rent | $1,628 |
| Price-to-Rent | 17.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.4% ▲ |
🏠 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 (3.7%). 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 37659
Population: 29,247
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 37659
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 3,773 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical rental rate in Jonesborough, TN?
The typical rental in Jonesborough, TN commands about $1,628/mo monthly. That rent profile consistent cash flow against the $344K purchase basis.
What is the smart move for investors in Jonesborough, TN?
In Jonesborough, TN the durable play is typically careful cash-flow rentals with hands-on management. The combination of $344K prices and $1,628/mo rents suits that approach.
How much should I expect to pay for a home in Jonesborough, TN?
Typical homes in Jonesborough, TN go for around $344K. The 5-year CAGR of 0.0% consistent price movement.
Is house hacking profitable in Jonesborough, TN?
House hacking works a challenging in Jonesborough, TN. Rents of $1,628/mo against $344K acquisition make the strategy solid for owner-occupants.
Is rental property easy to operate in Jonesborough, TN?
Landlord-friendliness in Jonesborough, TN is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
You know 37659 now. You don’t know where it ranks.
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How 37659 ranks in Johnson City, TN
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