Real Estate Investing in Limestone, Tennessee (37681)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37681 (Limestone, TN)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 27.4 — 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 Limestone, TN (37681)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37681 Limestone
ZIP 37681 inside Washington County looks affordable on the surface — median value of $299K — but the discount exists for reasons that a careful buyer should understand before committing.
The 37681 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Within TN, ZIP 37681 trails on several market indicators that neighboring Washington County submarkets outperform. The gap is real and significant enough to shape underwriting.
Resident income in 37681 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
looks to 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 Limestone:
Market Trends
Home Value History (with trend line)
📊 How Does 37681 Compare?
| Metric | 37681 | Limestone | Johnson City, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $298,957 | $298,957 | N/A | $327,001 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.7% |
| Avg Rent | $909 | $909 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37681 (Limestone, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $298,957 |
| Monthly Rent | $909 |
| Price-to-Rent | 27.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 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 (2.4%). 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 37681
Population: 6,031
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 37681
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 1,929 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Limestone, TN a good market for buy-and-hold investors?
Our data puts Limestone, TN at 3.0/5 for investability. Home prices of $299K and rents around $909/mo create a solid backdrop for investor activity.
Do landlords face vacancy issues in Limestone, TN?
Expect elevated vacancy in Limestone, TN. Rents at $909/mo are absorbed by the tenant base without meaningful lag.
What are home prices like in Limestone, TN?
Median home price in Limestone, TN is near $299K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Can I house hack in Limestone, TN?
Limestone, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $299K price point reasonable to enter.
What monthly rent should investors expect in Limestone, TN?
Average rent in Limestone, TN is approximately $909/mo per month. Against $299K home values that yields a reasonable rent-to-price ratio.
You know 37681 now. You don’t know where it ranks.
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How 37681 ranks in Johnson City, TN
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