Real Estate Investing in Philadelphia, Tennessee (37846)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37846 (Philadelphia, 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.
- High vacancy: 13.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.1 — 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 Philadelphia, TN (37846)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37846 Philadelphia
Looking more closely, ZIP 37846 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $293K median. It rewards specialists, not generalists.
Rent of $936/mo on a $293K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 37846 sits below the stated 0.0% once reality is priced in.
In the broader TN picture, 37846 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 37846 includes headwinds that any investor should price in. Income distribution skews lower than Philadelphia averages, and tenant stability requires active management.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Philadelphia:
Market Trends
Home Value History (with trend line)
📊 How Does 37846 Compare?
| Metric | 37846 | Philadelphia | Knoxville, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $292,688 | $292,688 | N/A | $327,001 |
| 5-Year CAGR | 6.6% | 6.6% | N/A | 7.7% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
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 37846 (Philadelphia, TN). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 37846 (Philadelphia, TN)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $292,688 |
| Monthly Rent | $936 |
| Price-to-Rent | 26.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.8% |
| Cap Rate | 2.5% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +5.7% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 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 (2.5%). 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 37846
Population: 4,177
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 37846
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
Are tenants stable in Philadelphia, TN?
Working renters make up the core of the Philadelphia, TN tenant base. The pool is reasonable for investors targeting long-term holds.
Do landlords face vacancy issues in Philadelphia, TN?
Expect elevated vacancy in Philadelphia, TN. Rents at $936/mo are absorbed by the tenant base without meaningful lag.
How viable is house hacking in Philadelphia, TN?
House hacking in Philadelphia, TN is a challenging. With home values around $293K and rents at $936/mo, owner-occupants can offset a meaningful share of PITI.
What are rental rates like in Philadelphia, TN?
Average rent in Philadelphia, TN is approximately $936/mo per month. Against $293K home values that yields a reasonable rent-to-price ratio.
Does Philadelphia, TN favor landlords or tenants?
Philadelphia, TN operates under TN law, which is landlord-friendly overall for landlords. Expect predictable treatment in typical lease and eviction cases.
You know 37846 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37846 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 37846 ranks in Knoxville, TN
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 37846 (Philadelphia)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 37846 (Philadelphia, TN).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.