Real Estate Investing in Oakdale, Tennessee (37829)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37829 (Oakdale, TN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 27.5% 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 Oakdale, TN (37829)?
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Market Analysis: 37829 Oakdale
This part of Morgan County is not an easy win. The 37829 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 37829 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader TN picture, 37829 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 37829 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Oakdale's stable or hybrid ZIPs before stepping into 37829. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Oakdale:
Market Trends
Home Value History (with trend line)
📊 How Does 37829 Compare?
| Metric | 37829 | Oakdale | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $200,313 | $200,313 | N/A | $327,001 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 7.7% |
| Avg Rent | $1,089 | $1,089 | N/A | - |
| Cap Rate | 4.2% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37829 (Oakdale, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $200,313 |
| Monthly Rent | $1,089 |
| Price-to-Rent | 15.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.5% |
| Cap Rate | 4.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +4.2% ▲ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +6.8% ▲ |
🏠 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 (4.2%). 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 37829
Population: 1,939
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 37829
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
What are rental rates like in Oakdale, TN?
Rental rates in Oakdale, TN average $1,089/mo. Tenant demand and $200K home values make the yield look reasonable by investor standards.
Is TN a landlord-friendly state?
The landlord environment in Oakdale, TN is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Should investors worry about vacancy in Oakdale, TN?
Vacancy in Oakdale, TN is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,089/mo.
Are renters plentiful in Oakdale, TN?
Oakdale, TN draws a stable base of working renters. Demand at the $1,089/mo rent level is reasonable for standard single-family and small multi rentals.
What is the investability score for Oakdale, TN?
Oakdale, TN reports an investability rating of 3.0/5, with median home values near $200K and average rents around $1,089/mo. That combination puts it in the healthy tier for investor interest.
You know 37829 now. You don’t know where it ranks.
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How 37829 ranks in Knoxville, TN
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