Real Estate Investing in Roan Mountain, Tennessee (37687)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37687 (Roan Mountain, 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.
- High vacancy: 28.6% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Roan Mountain, TN (37687)?
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Market Analysis: 37687 Roan Mountain
The 37687 ZIP covers a section of Roan Mountain that demands careful diligence. Prices near $251K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 37687 can be a an appealing option for hunting ground — but the discount at $251K reflects genuine risk that outside investors often underestimate.
ZIP 37687's metrics run below Carter County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 37687 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 37687 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Roan Mountain:
Market Trends
Home Value History (with trend line)
📊 How Does 37687 Compare?
| Metric | 37687 | Roan Mountain | Johnson City, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $250,613 | $250,613 | N/A | $327,001 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.7% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 3.0% | 3.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37687 (Roan Mountain, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $250,613 |
| Monthly Rent | $972 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 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 (3.0%). 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 37687
Population: 4,379
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 37687
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 936 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Roan Mountain, TN a good place for real estate investing?
Roan Mountain, TN shows an investability rating of 3.0/5, with median home values near $251K and average rents around $972/mo. That combination puts it in the resilient tier for investor interest.
Where do rents currently stand in Roan Mountain, TN?
Investors in Roan Mountain, TN typically see rents near $972/mo per month against $251K home values - a solid setup for rental cash flow.
What is the best play in Roan Mountain, TN?
Roan Mountain, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($251K prices, $972/mo rents) make it a reasonable choice.
Do landlords face vacancy issues in Roan Mountain, TN?
Expect elevated vacancy in Roan Mountain, TN. Rents at $972/mo are absorbed by the tenant base without meaningful lag.
Are homes affordable in Roan Mountain, TN?
Roan Mountain, TN median home values land near $251K. That is reasonable territory for investors looking at $972/mo-per-month rentals.
You know 37687 now. You don’t know where it ranks.
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How 37687 ranks in Johnson City, TN
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