Real Estate Investing in Allardt, Tennessee (38504)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 38504 (Allardt, TN)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 51.2% of homes vacant — above national norms.
- Elevated poverty: 24.2% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 27.1 — 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 Allardt, TN (38504)?
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Market Analysis: 38504 Allardt
Not every below-median market is a bargain. Allardt's 38504 ZIP registers signals that favor experienced operators who can absorb the risk $278K pricing implies.
The 38504 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Allardt have seen price recovery that 38504 has not matched. Fentress County data supports the view that the spread is structural rather than temporary.
Meanwhile, 496 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.
Strategy in 38504 is an operator game, not a passive one. Turning to rents, entry prices of $278K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Allardt:
Market Trends
Home Value History (with trend line)
📊 How Does 38504 Compare?
| Metric | 38504 | Allardt | Tennessee |
|---|---|---|---|
| Home Value | $277,658 | $277,658 | $327,001 |
| 5-Year CAGR | N/A | N/A | 7.7% |
| Avg Rent | $855 | $855 | - |
| 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 38504 (Allardt, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $277,658 |
| Monthly Rent | $855 |
| Price-to-Rent | 27.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.5% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 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 38504
Population: 496
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 38504
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
Frequently Asked Questions
What monthly rent should investors expect in Allardt, TN?
Rental rates in Allardt, TN average $855/mo. Tenant demand and $278K home values make the yield look reasonable by investor standards.
How quickly do rentals get leased in Allardt, TN?
Vacancy risk in Allardt, TN is elevated. That supports reliable cash flow for typical rental holds.
How strong is Allardt, TN for real estate investors?
Allardt, TN scores 2.0/5 for investability. Home values sit at $278K and rents near $855/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the best play in Allardt, TN?
For Allardt, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the median home value in Allardt, TN?
Expect median prices around $278K in Allardt, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
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