Real Estate Investing in Norris, Tennessee (37828)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37828 (Norris, 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 price-to-rent: Price-to-rent ratio 26.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Norris, TN (37828)?
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Market Analysis: 37828 Norris
From a cash-flow lens, ZIP 37828 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $385K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37828 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Norris have seen price recovery that 37828 has not matched. Anderson County data supports the view that the spread is structural rather than temporary.
Employment concentration in 37828 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 37828 is an operator game, not a passive one. Looking more closely, entry prices of $385K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Norris:
Market Trends
Home Value History (with trend line)
📊 How Does 37828 Compare?
| Metric | 37828 | Norris | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $385,266 | $385,266 | N/A | $327,001 |
| 5-Year CAGR | 8.6% | 8.6% | N/A | 7.7% |
| Avg Rent | $1,197 | $1,197 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37828 (Norris, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $385,266 |
| Monthly Rent | $1,197 |
| Price-to-Rent | 26.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 11.0% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (2.4%). 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 37828
Population: 1,348
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 37828
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
Should investors worry about vacancy in Norris, TN?
Vacancy risk in Norris, TN is elevated. That supports steady cash flow for typical rental holds.
What is the smart move for investors in Norris, TN?
Investors usually favor careful cash-flow rentals with hands-on management in Norris, TN. With home values at $385K and rents near $1,197/mo, other strategies can work but produce stable rather than outsized returns.
Is Norris, TN good for landlords?
Norris, TN operates under TN law, which is landlord-friendly overall for landlords. Expect stable treatment in typical lease and eviction cases.
Is Norris, TN suited for a house hack?
House hacking works a challenging in Norris, TN. Rents of $1,197/mo against $385K acquisition make the strategy solid for owner-occupants.
How does Norris, TN rate as a rental market?
Investors tracking Norris, TN will find a 3.0/5 rating supported by $385K median home values and $1,197/mo rents. That profile suits long-term holders targeting reliable returns.
You know 37828 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37828 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 37828 ranks in Knoxville, TN
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