Real Estate Investing in Bulls Gap, Tennessee (37711)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37711 (Bulls Gap, 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.
- High vacancy: 16.7% 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 Bulls Gap, TN (37711)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37711 Bulls Gap
Put differently, ZIP 37711 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $242K median. It rewards specialists, not generalists.
Rent of $873/mo on a $242K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 37711 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 37711 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 37711 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Experienced landlords with local relationships tend to find 37711 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 Bulls Gap:
Market Trends
Home Value History (with trend line)
📊 How Does 37711 Compare?
| Metric | 37711 | Bulls Gap | Tennessee |
|---|---|---|---|
| Home Value | $242,328 | $242,328 | $327,001 |
| 5-Year CAGR | 8.0% | 8.0% | 7.7% |
| Avg Rent | $873 | $873 | - |
| Cap Rate | 2.8% | 2.8% | - |
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 37711 (Bulls Gap, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 37711 (Bulls Gap, TN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $242,328 |
| Monthly Rent | $873 |
| Price-to-Rent | 23.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.8% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +7.0% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 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 (2.8%). 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 37711
Population: 5,682
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 37711
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 1,767 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is the working-renter base in Bulls Gap, TN?
Tenant demand in Bulls Gap, TN is solid. The local workforce $873/mo rents across most rental classes.
What kind of market is Bulls Gap, TN for investors?
Investors tracking Bulls Gap, TN will find a 3.0/5 rating supported by $242K median home values and $873/mo rents. That profile suits long-term holders targeting steady returns.
Is housing expensive in Bulls Gap, TN?
Bulls Gap, TN median home values land near $242K. That is reasonable territory for investors looking at $873/mo-per-month rentals.
What are vacancy rates like in Bulls Gap, TN?
Vacancy in Bulls Gap, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $873/mo.
Does Bulls Gap, TN favor landlords or tenants?
Rental owners in Bulls Gap, TN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 37711 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37711 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 37711 ranks in Kingsport-Bristol, TN-VA
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 37711 (Bulls Gap)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 37711 (Bulls Gap, TN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.