Real Estate Investing in Harriman, Tennessee (37748)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37748 (Harriman, 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: 15.3% of homes vacant — above national norms.
What’s happening in Harriman, TN (37748)?
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Market Analysis: 37748 Harriman
The 37748 ZIP in Harriman, TN is a local-operator market. Outside capital chasing a $241K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $241K asset, 37748 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within TN, ZIP 37748 trails on several market indicators that neighboring Roane County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 37748 includes headwinds that any investor should price in. Income distribution skews lower than Harriman averages, and tenant stability requires active management.
The 37748 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Harriman:
Property Strategy for 37748
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $185,773 | $1,080 | 4.2% | +11.9% | $92,886 |
| 3BR | $273,547 | $1,420 | 3.7% | +12.2% | $91,182 |
| 4BR | $338,342 | $1,790 | 3.8% | +11.6% | $84,586 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37748 Compare?
| Metric | 37748 | Harriman | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $240,668 | $240,668 | N/A | $327,001 |
| 5-Year CAGR | 6.0% | 6.0% | N/A | 7.7% |
| Avg Rent | $1,043 | $1,043 | N/A | - |
| Cap Rate | 3.4% | 3.4% | - | - |
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 37748 (Harriman, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $240,668 |
| Monthly Rent | $1,043 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +6.5% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +6.0% ▲ |
| 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 (3.4%). 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 37748
Population: 17,021
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 37748
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 2,397 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Harriman, TN?
The typical rental in Harriman, TN commands about $1,043/mo monthly. That rent profile reliable cash flow against the $241K purchase basis.
How quickly do rentals get leased in Harriman, TN?
Vacancy risk in Harriman, TN is elevated. That supports reliable cash flow for typical rental holds.
Is Harriman, TN a good market for buy-and-hold investors?
Our data puts Harriman, TN at 3.0/5 for investability. Home prices of $241K and rents around $1,043/mo create a solid backdrop for investor activity.
What kind of tenants rent in Harriman, TN?
Tenant quality in Harriman, TN ranks as solid. Landlords generally report stable occupancy at market rents of $1,043/mo.
How much should I expect to pay for a home in Harriman, TN?
Expect median prices around $241K in Harriman, TN. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
You know 37748 now. You don’t know where it ranks.
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How 37748 ranks in Knoxville, TN
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