Real Estate Investing in Oliver Springs, Tennessee (37840)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37840 (Oliver Springs, TN)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Oliver Springs, TN (37840)?
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Market Analysis: 37840 Oliver Springs
Looking more closely, ZIP 37840 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $248K median. It rewards specialists, not generalists.
For an experienced owner, 37840 can be a a viable market for hunting ground — but the discount at $248K reflects genuine risk that outside investors often underestimate.
ZIP 37840's metrics run below Morgan County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The demographic picture in 37840 includes headwinds that any investor should price in. Income distribution skews lower than Oliver Springs averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 37840 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Oliver Springs:
Property Strategy for 37840
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $275,544 | $1,410 | 3.7% | +11.4% | $91,848 |
| 4BR | $356,477 | $1,640 | 3.3% | +11.6% | $89,119 |
Market Trends
Home Value History (with trend line)
📊 How Does 37840 Compare?
| Metric | 37840 | Oliver Springs | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $248,396 | $248,396 | N/A | $327,001 |
| 5-Year CAGR | 7.4% | 7.4% | N/A | 7.7% |
| Avg Rent | $972 | $972 | N/A | - |
| Cap Rate | 3.1% | 3.1% | - | - |
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 37840 (Oliver Springs, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $248,396 |
| Monthly Rent | $972 |
| Price-to-Rent | 21.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.1% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +8.2% ▲ |
🏠 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 (3.1%). 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 37840
Population: 10,402
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 37840
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 2,905 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Oliver Springs, TN?
In Oliver Springs, TN the median home value sits at $248K. Against the broader TN market, that reads as reasonable for most investors.
Does a duplex house hack pencil in Oliver Springs, TN?
Oliver Springs, TN is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $248K price point reasonable to enter.
How do landlord-tenant laws work in Oliver Springs, TN?
Rental owners in Oliver Springs, TN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
Is Oliver Springs, TN a good place for real estate investing?
Oliver Springs, TN rates 3.0/5 for investability. With median values at $248K and rents near $972/mo, the market offers reasonable fundamentals for rental investors.
How qualified is the tenant pool in Oliver Springs, TN?
Tenant quality in Oliver Springs, TN ranks as solid. Landlords generally report consistent occupancy at market rents of $972/mo.
You know 37840 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37840 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 37840 ranks in Knoxville, TN
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