Real Estate Investing in Greeneville, Tennessee (37745)
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Should you buy in 37745 (Greeneville, 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: 12.3% of homes vacant — above national norms.
What’s happening in Greeneville, TN (37745)?
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Market Analysis: 37745 Greeneville
ZIP 37745 inside Greene County looks affordable on the surface — median value of $258K — but the discount exists for reasons that a careful buyer should understand before committing.
The 37745 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 37745 sits on the difficult end of the TN spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
The 37745 ZIP's population of 21,131 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Experienced landlords with local relationships tend to find 37745 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 Greeneville:
Property Strategy for 37745
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $192,061 | $970 | 3.6% | +11.9% | $96,030 |
| 3BR | $275,974 | $1,340 | 3.5% | +11.0% | $91,991 |
| 4BR | $353,182 | $1,490 | 3.0% | +10.4% | $88,296 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37745 Compare?
| Metric | 37745 | Greeneville | Greeneville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $257,666 | $254,531 | N/A | $327,001 |
| 5-Year CAGR | 6.7% | 7.0% | N/A | 7.7% |
| Avg Rent | $1,146 | $1,159 | N/A | - |
| Cap Rate | 3.5% | 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 37745 (Greeneville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $257,666 |
| Monthly Rent | $1,146 |
| Price-to-Rent | 18.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +6.7% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.5%). 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 37745
Population: 21,131
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 37745
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 is the typical rental rate in Greeneville, TN?
The typical rental in Greeneville, TN commands about $1,146/mo monthly. That rent profile reliable cash flow against the $258K purchase basis.
How high is vacancy risk in Greeneville, TN?
Vacancy risk in Greeneville, TN is elevated. That supports measured cash flow for typical rental holds.
How strong is Greeneville, TN for real estate investors?
Greeneville, TN scores 3.0/5 for investability. Home values sit at $258K and rents near $1,146/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is the typical home price in Greeneville, TN?
Homes in Greeneville, TN typically sell near $258K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
What real estate strategy is ideal for Greeneville, TN?
Greeneville, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($258K prices, $1,146/mo rents) make it a reasonable choice.
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How 37745 ranks in Greeneville, TN
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