Real Estate Investing in Trade, Tennessee (37691)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37691 (Trade, TN)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 16.5% of homes vacant — above national norms.
- Elevated poverty: 20.8% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 26.5 — hard to cash-flow at these prices.
• 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 Trade, TN (37691)?
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Market Analysis: 37691 Trade
Not every below-median market is a bargain. Trade's 37691 ZIP sits at signals that favor experienced operators who can absorb the risk $272K pricing implies.
Rent of $855/mo on a $272K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 37691 sits below the stated 0.0% once reality is priced in.
ZIP 37691's metrics run below Johnson County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 37691 ZIP's population of 532 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
tilts 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 Trade:
Market Trends
Home Value History (with trend line)
📊 How Does 37691 Compare?
| Metric | 37691 | Trade | Tennessee |
|---|---|---|---|
| Home Value | $272,279 | $272,279 | $327,001 |
| 5-Year CAGR | 5.8% | 5.8% | 7.7% |
| Avg Rent | $855 | $855 | - |
| Cap Rate | 2.5% | 2.5% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37691 (Trade, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $272,279 |
| Monthly Rent | $855 |
| Price-to-Rent | 26.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 37691
Population: 532
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 37691
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Mabel Elementary
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
Frequently Asked Questions
How strict are landlord regulations in Trade, TN?
Trade, TN falls under TN landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the rental occupancy rate in Trade, TN?
Rental vacancy in Trade, TN is elevated. Investors should budget normal turnover but not chronic empty units.
How much should I expect to pay for a home in Trade, TN?
Trade, TN median home values land near $272K. That is reasonable territory for investors looking at $855/mo-per-month rentals.
Can I live-in-and-rent in Trade, TN?
Trade, TN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $855/mo rent level.
What is the typical renter like in Trade, TN?
The renter base in Trade, TN is reasonable for the $855/mo price point. Screening well and pricing to market typically yields steady tenants.
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