Real Estate Investing in Unicoi, Tennessee (37692)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37692 (Unicoi, 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.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Unicoi, TN (37692)?
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Market Analysis: 37692 Unicoi
On the rental side, ZIP 37692 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $298K median. It rewards specialists, not generalists.
The 37692 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 37692 trails on several market indicators that neighboring Unicoi County submarkets outperform. The gap is real and healthy enough to shape underwriting.
The 37692 ZIP's population of 4,784 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Experienced landlords with local relationships tend to find 37692 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Unicoi:
Market Trends
Home Value History (with trend line)
📊 How Does 37692 Compare?
| Metric | 37692 | Unicoi | Johnson City, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $297,627 | $297,627 | N/A | $327,001 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.7% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 37692 (Unicoi, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $297,627 |
| Monthly Rent | $999 |
| Price-to-Rent | 24.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 9.0% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.1% ▲ |
🏠 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 (2.6%). 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 37692
Population: 4,784
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 37692
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 2,865 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Unicoi, TN make sense for an investment property?
With a 3.0/5 investability score, Unicoi, TN ranks as a solid market for rental property investors. Median prices of $298K and rents of $999/mo drive the underlying numbers.
Where do home prices stand in Unicoi, TN?
Unicoi, TN home values average about $298K. That price point suits investors targeting rentals with $999/mo in monthly income.
What type of investing works in Unicoi, TN?
A careful cash-flow rentals with hands-on management strategy Unicoi, TN best. The market produces consistent results for that approach at the $298K price point.
What is the typical vacancy rate in Unicoi, TN?
Unicoi, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Unicoi, TN landlord-friendly?
TN ranks as a landlord-friendly state for landlord-tenant law. Unicoi generally follows the statewide framework, so landlords face reasonable operating rules.
You know 37692 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37692 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 37692 ranks in Johnson City, TN
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