Real Estate Investing in Greeneville, Tennessee (37743)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37743 (Greeneville, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.9% of homes vacant — above national norms.
What’s happening in Greeneville, TN (37743)?
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Market Analysis: 37743 Greeneville
ZIP 37743 in Greeneville, TN carries a durable set of headwinds. Home values near $251K and rents of $1,173/mo sit inside a market where underwriting has to be tight.
Distressed markets are won on execution, not on spreadsheets. ZIP 37743 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader TN picture, 37743 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 37743 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 37743 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Greeneville:
Property Strategy for 37743
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $187,006 | $930 | 3.6% | +12.9% | $93,503 |
| 3BR | $286,682 | $1,280 | 3.2% | +12.0% | $95,561 |
| 4BR | $358,838 | $1,420 | 2.8% | +10.6% | $89,710 |
| 5BR | $508,955 | — | — | +11.5% | $101,791 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37743 Compare?
| Metric | 37743 | Greeneville | Greeneville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $251,397 | $254,531 | N/A | $327,001 |
| 5-Year CAGR | 7.3% | 7.0% | N/A | 7.7% |
| Avg Rent | $1,173 | $1,159 | N/A | - |
| Cap Rate | 3.6% | 3.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37743 (Greeneville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $251,397 |
| Monthly Rent | $1,173 |
| Price-to-Rent | 17.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.6% |
| Cap Rate | 3.6% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.6%). 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 37743
Population: 23,418
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 37743
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
How high is vacancy risk in Greeneville, TN?
Greeneville, TN carries elevated vacancy risk. Expect reliable absorption at market rents of $1,173/mo.
Is Greeneville, TN a smart market for rental property?
With a 3.0/5 investability score, Greeneville, TN ranks as a solid market for rental property investors. Median prices of $251K and rents of $1,173/mo drive the underlying numbers.
What is the tenant pool like in Greeneville, TN?
The tenant pool in Greeneville, TN is solid, supported by local employment and population fundamentals. Rents of $1,173/mo are well-absorbed by the market.
Is rental property easy to operate in Greeneville, TN?
The landlord environment in Greeneville, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How should investors approach Greeneville, TN?
In Greeneville, TN the durable play is typically careful cash-flow rentals with hands-on management. The combination of $251K prices and $1,173/mo rents suits that approach.
You know 37743 now. You don’t know where it ranks.
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How 37743 ranks in Greeneville, TN
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