Real Estate Investing in Newport, Tennessee (37821)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37821 (Newport, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 18.5% of homes vacant — above national norms.
- Elevated poverty: 20.8% poverty rate — can affect rent collection.
What’s happening in Newport, TN (37821)?
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Market Analysis: 37821 Newport
The 37821 ZIP in Newport, TN is a local-operator market. Outside capital chasing a $228K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $228K asset, 37821 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 37821 and stronger Newport ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 37821 ZIP's population of 22,113 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
The 37821 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 Newport:
Property Strategy for 37821
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $187,555 | $970 | 3.7% | +10.8% | $93,778 |
| 3BR | $260,102 | $1,270 | 3.5% | +10.3% | $86,701 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37821 Compare?
| Metric | 37821 | Newport | Newport, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $228,114 | $228,114 | N/A | $327,001 |
| 5-Year CAGR | 6.3% | 6.3% | N/A | 7.7% |
| Avg Rent | $1,200 | $1,200 | N/A | - |
| Cap Rate | 4.1% | 4.1% | - | - |
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 37821 (Newport, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $228,114 |
| Monthly Rent | $1,200 |
| Price-to-Rent | 15.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.3% |
| Cap Rate | 4.1% |
| 5-Year IRR | 10.4% |
📈 Home Appreciation
| 1-Year | +9.3% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 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 (4.1%). 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 37821
Population: 22,113
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 37821
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.
Frequently Asked Questions
How does Newport, TN rate as a rental market?
Newport, TN scores 3.0/5 for investability. Home values sit at $228K and rents near $1,200/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How do landlord-tenant laws work in Newport, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Newport generally follows the statewide framework, so landlords face reasonable operating rules.
How strong are rents in Newport, TN?
Investors in Newport, TN typically see rents near $1,200/mo per month against $228K home values - a solid setup for rental cash flow.
Are renters plentiful in Newport, TN?
Working renters make up the core of the Newport, TN tenant base. The pool is reasonable for investors targeting long-term holds.
How quickly do rentals get leased in Newport, TN?
Vacancy risk in Newport, TN is elevated. That supports even-keeled cash flow for typical rental holds.
You know 37821 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37821 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37821 ranks in Newport, TN
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Community Ratings
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