Real Estate Investing in Midway, Tennessee (37809)
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Should you buy in 37809 (Midway, 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: 14.9% 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 Midway, TN (37809)?
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Market Analysis: 37809 Midway
Not every below-median market is a bargain. Midway's 37809 ZIP stands at signals that favor experienced operators who can absorb the risk $207K pricing implies.
The investment case in 37809 is sturdy only for operators who understand what they are buying. A $207K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Statewide comparisons place 37809 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Employment concentration in 37809 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 37809 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Midway:
Market Trends
Home Value History (with trend line)
📊 How Does 37809 Compare?
| Metric | 37809 | Midway | Greeneville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $206,962 | $206,962 | N/A | $327,001 |
| 5-Year CAGR | 7.0% | 7.0% | N/A | 7.7% |
| Avg Rent | $882 | $882 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37809 (Midway, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $206,962 |
| Monthly Rent | $882 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +7.0% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 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 (3.3%). 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 37809
Population: 2,392
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
🎓 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
What are home prices like in Midway, TN?
Median home price in Midway, TN is near $207K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Where do rents currently stand in Midway, TN?
The typical rental in Midway, TN commands about $882/mo monthly. That rent profile consistent cash flow against the $207K purchase basis.
Are renters plentiful in Midway, TN?
Midway, TN draws a steady base of working renters. Demand at the $882/mo rent level is reasonable for standard single-family and small multi rentals.
What is the best play in Midway, TN?
Midway, TN investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($207K prices, $882/mo rents) make it a reasonable choice.
What is the investability score for Midway, TN?
Yes - Midway, TN a 3.0/5 investability score. With $207K home prices against $882/mo monthly rent, the market delivers a reasonable entry point for new investors.
You know 37809 now. You don’t know where it ranks.
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How 37809 ranks in Greeneville, TN
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