Real Estate Investing in Parrottsville, Tennessee (37843)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37843 (Parrottsville, 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.
- Elevated vacancy: 9.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 28.0 — 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 Parrottsville, TN (37843)?
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Market Analysis: 37843 Parrottsville
Investors eyeing 37843 need to respect the fundamentals at play. Home values of $284K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 37843 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 37843 among TN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 37843 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 37843 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 Parrottsville:
Market Trends
Home Value History (with trend line)
📊 How Does 37843 Compare?
| Metric | 37843 | Parrottsville | Newport, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $284,278 | $284,278 | N/A | $327,001 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 7.7% |
| Avg Rent | $846 | $846 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37843 (Parrottsville, TN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $284,278 |
| Monthly Rent | $846 |
| Price-to-Rent | 28.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (2.3%). 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 37843
Population: 4,385
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 37843
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
Which real estate strategy fits Parrottsville, TN?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Parrottsville, TN. The numbers - $284K homes against $846/mo rents - support that play.
How strong is tenant demand in Parrottsville, TN?
Working renters make up the core of the Parrottsville, TN tenant base. The pool is reasonable for investors targeting long-term holds.
How much rent can I charge in Parrottsville, TN?
Rents in Parrottsville, TN run near $846/mo. Compared with median home prices of $284K that produces solid gross yields for typical rentals.
What is it like being a landlord in Parrottsville, TN?
TN ranks as a landlord-friendly state for landlord-tenant law. Parrottsville generally follows the statewide framework, so landlords face reasonable operating rules.
Is house hacking profitable in Parrottsville, TN?
House hacking in Parrottsville, TN is reasonable to execute. Prices around $284K and rents of $846/mo solid owner-occupant economics.
You know 37843 now. You don’t know where it ranks.
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How 37843 ranks in Newport, TN
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