Real Estate Investing in Bean Station, Tennessee (37708)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37708 (Bean Station, 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: 22.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.8 — 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 Bean Station, TN (37708)?
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Market Analysis: 37708 Bean Station
Investors eyeing 37708 need to respect the fundamentals at play. Home values of $269K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $269K asset, 37708 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 37708 and stronger Bean Station ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
From a cash-flow lens, 6,248 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Bean Station's stable or hybrid ZIPs before stepping into 37708. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Bean Station:
Market Trends
Home Value History (with trend line)
📊 How Does 37708 Compare?
| Metric | 37708 | Bean Station | Morristown, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $268,630 | $268,630 | N/A | $327,001 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 7.7% |
| Avg Rent | $837 | $837 | 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 37708 (Bean Station, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $268,630 |
| Monthly Rent | $837 |
| Price-to-Rent | 26.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +6.4% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 37708
Population: 6,248
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 37708
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 2,195 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Bean Station, TN?
The 3.0/5 investability rating in Bean Station, TN reflects its $269K prices and $837/mo rents. Investors generally consider it a solid option within TN.
Is it easy to find good tenants in Bean Station, TN?
The renter base in Bean Station, TN is reasonable for the $837/mo price point. Screening well and pricing to market typically yields stable tenants.
What is the average monthly rent in Bean Station, TN?
Rent in Bean Station, TN is around $837/mo. The resulting rent-to-value relationship with $269K pricing is reasonable for most investor models.
What investment strategy works best in Bean Station, TN?
Most investors in Bean Station, TN run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How tight is the rental market in Bean Station, TN?
Bean Station, TN carries elevated vacancy risk. Expect measured absorption at market rents of $837/mo.
You know 37708 now. You don’t know where it ranks.
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How 37708 ranks in Morristown, TN
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